Buying New Construction Condos in Philadelphia can really be awful

Buying a new construction condo in Philadelphia can really try oneŐs patience. From delays in proposed settlement dates, to varying opinions of what constitutes a finished product, can really be a pain in the butt.

Be forewarned- if you are buying new construction- there is a ONE MILLION percent correlation between the amount of interference you run, and the amount of time it will take the developer to deliver that new product. There is one building in town where the developer is allowing NO alterations to the finishes he is offering. You have two options- finishing package A, or finishing package B- thatŐs it! This approach may leave a buyer wanting to customize a bit more, but certainly keeps delivery dates on schedule as the developer is not having to dance around a buyers every whim, change, complaint, etc. about their special customizing choices.

Buyers donŐt seem to understand that every choice they make runs amok with the developerŐs original plan. And takes additional time to alter the plan, get the product shipped in, or installed to the buyerŐs specifics. And buyers also donŐt understand what it takes to build any given project, or unit. Until a buyer has walked a mile in a developers shoes, he or she should not expect that they are somehow Ňhelping the developerÓ by making changes to the design, or the finish of any given unit. And some developers arenŐt off the hook either. They have a tendency to enable a buyer to choose finishes, in order to sell a given Philly condo, then get resentful when a buyers takes them up on their offer- often to the ŇnthÓ degree and beyond- but the door was opened by the developer, and he or she needs to suffer the consequences of a buyer who wants to participate in the finished product.

Buyers and developers should set boundaries, and layout all details up front, with no option for future alterations or changes. Every punch list should be decided upon at the time of presenting an offer, and both parties in good faith should know that they need to be bound by such options, and not let the customization take over the project. A little bit of planning on the part of both parties can help minimize the delays, and help bring two parties together for a successful and happy transaction.

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Center City Condos is Jim, Mark, John, Matt, Randy, Jared, Kevin, Jess, Matthew, Patrick, Roe, Stephanie, Scott, Kris, Jaime, Steve, Melinda, Megan, and Nicole! We're here to help you find your perfect condo. Don't hesitate to contact us for all of your condo needs! We are familiar with a variety of condos in Philly and would love to show you the wide variety of condos in the Philadelphia real estate market!

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In 2017, we became a 15 Year Legend Award winning sales team representing sales professionals and teams who have earned the Chairman's Circle award for 15 years.

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