A Guide to Buying Pre-Construction in Florida

Pre-construction real estate in Florida represents one of the most compelling investment opportunities in today's market. Buying before a building is complete allows you to lock in today's prices, customize your unit, and potentially realize significant appreciation by the time you close.

Understanding the Pre-Construction Process

When you purchase pre-construction, you're essentially reserving a unit in a building that hasn't been built yet. You'll sign a purchase contract and make a series of deposits — typically 10–30% of the purchase price — over the construction period.

The Deposit Structure

Florida law provides some protections for pre-construction buyers, but the deposit structure varies by developer. Typical structures include 10% at contract, 10% at groundbreaking, and 10% at topping off, with the balance at closing.

Due Diligence is Critical

Before signing any pre-construction contract, thorough due diligence is essential. Research the developer's track record — have they delivered projects on time and as promised? Review the condominium documents carefully, including the declaration, bylaws, and budget.

The Customization Advantage

One of the greatest benefits of buying pre-construction is the ability to customize your unit. Depending on the stage of construction, you may be able to choose your finishes, flooring, cabinetry, and appliances.

Working with the Right Agent

Developer sales teams work for the developer, not for you. Having your own buyer's agent — one who specializes in pre-construction — is essential. A good agent will negotiate on your behalf, help you understand the contract, and advise you on which projects represent the best value.