Purchasing a pre-construction home or condo in South Florida can be a strategic and rewarding move – offering early access to the best units, potential appreciation before completion, and a chance to customize finishes. But the process is very different from buying a resale property. Understanding the unique steps involved helps buyers make confident, informed decisions while avoiding costly mistakes. Here’s what to expect and how to navigate the pre-construction buying process in South Florida.
1. Do Your Research and Choose the Right Development
Not all new developments are created equal. Start by narrowing down your location, budget, and lifestyle needs. From oceanfront high-rises in Fort Lauderdale to gated single-family communities in western Broward or Palm Beach, options are diverse. Look into the developer’s track record, past projects, and build quality. A knowledgeable Broker can provide guidance on the most reputable builders and neighborhoods with strong appreciation potential.
2. Review Floor Plans and Pricing Early
Developers often release inventory in phases. The earlier you get in, the better your selection of views, layouts, and price points. Review floor plans, square footage, exposure (waterfront, city, park), and unit placement carefully. Pricing can increase with each phase, so early buyers often secure the best value.
3. Understand What’s Included – And What’s Extra
Many buyers are surprised to learn that the beautifully staged model unit includes upgrades not part of the base price. Always request a list of standard finishes versus upgrade options. This includes flooring, cabinetry, appliances, lighting, and even parking or storage. Clarify pricing for any desired upgrades early in the process to stay within budget.
4. Secure Financing and Understand Deposit Structure
Pre-construction properties in South Florida often require a series of non-refundable deposits totaling 20 – 50% of the purchase price, depending on the stage of construction. Unlike traditional resales, most builders won’t accept mortgage contingencies. Work with a lender familiar with new development financing and have your pre-approval ready. Your Broker can help you understand the payment schedule and timing expectations.
5. Review the Developer Contract Carefully
Builder contracts are lengthy and heavily favor the developer. They typically include clauses about construction delays, design substitutions, and limited buyer protections. Having a Broker review the terms – And recommend legal counsel if necessary – Can protect you from unexpected surprises or obligations.
6. Monitor Progress and Stay Involved
Once under contract, it’s important to stay informed about construction milestones, inspection walkthroughs, and closing timelines. Your Broker can serve as your liaison, checking on progress, attending walkthroughs, and ensuring the unit is delivered as promised.
7. Plan for Closing Costs and Move-In Timeline
Pre-construction closing costs can include developer fees, association contributions, and transfer charges that vary from typical resale transactions. Also, be prepared for delays and have flexible housing arrangements in place just in case the timeline shifts. Your Broker can help you stay ahead of key dates.
Interested in buying pre-construction in South Florida? Work with a professional who knows how to assist in navigating the process. Contact me for expert guidance through every phase – from floor plan selection to final walkthrough. Secure your place in South Florida’s future – Today.
Contact me today! (954) 663-6032 | Jason@TaubRealEstate.com
– Jason Taub, Licensed Real Estate Broker/Owner of TAUB Real Estate in Fort Lauderdale, Florida.
Copyright Notice – This content has been written exclusively by Jason Taub. It may not be published, broadcast, rewritten or redistributed. © 2025 Jason Taub – All Rights Reserved.
