Your Guide to Buying New Construction in Chicago

Posted by Terri McAuley on Thursday, December 19th, 2019 at 7:36am

New construction in Chicago

Chicago real estate has never seen so much action as it has in the past few years.

There are so many luxury condo buildings popping up around the city, it’s hard to keep track of them all. This means that there’s never been a better time to buy new construction condos in Chicago than now.

Though, buying a new-build is a bit different than buying a condo that has been around for a few years.

To help you through the process, here’s your guide to buying new construction in Chicago:

Advantages of Buying Chicago New Construction

There are plenty of advantages to buying new construction in Chicago, one of them being that you’re the first person to ever live in your unit.

This means that you won’t find any unsightly scratches in the flooring or dents in the walls from past owners. Everything should be immaculate.

Another benefit of buying a luxury new-build is that the condos are equipped with the latest technology.

High-end condo buildings offer units that are outfitted with Smart Home Technology, so you can control all of the systems in your condo from a single screen.

You can also expect units to have top-of-the-line appliances, like induction cooktops and energy efficient systems.

Owning a condo with the latest technology means that your home will retain its value far longer than other places.

New Construction buildings are designed with modern features that make the units not only beautiful, but comfortable for all lifestyles.

What to Consider Before Buying New Construction Condos

As mentioned above, buying a new construction condo is a little different than buying an older unit.

One of the first things to note is that you may not be able to move into your new condo right away. Especially if the building is still under construction.

And even if the developers have assigned a move-in date, this is subject to change. Delays can occur throughout the building process which can push the opening date by several months.

Another factor to consider before buying a new construction condo in Chicago is that you’ll probably end up paying a significant sum of money right off the bat to kick-start the strata reserve fund.

Other than that, you won’t have to worry too much about any other extra expenses. Since the building is brand new, there will be fewer maintenance fees and repair costs that are commissioned through special levy fees.

Discover the Best of New Construction in Chicago

Vista Tower New Construction ChicagoChicago new construction truly sets the standard for comfort and luxury. These buildings are equipped with the jaw-dropping amenities and features that put them above and beyond the average.

Vista Tower is one of the most anticipated new-builds in all of Chicago. It’s been in the works for over five years now, exciting every onlooker with its stunning designs and incredible size.

In fact, Vista Tower is the second tallest building in all of Chicago, standing at a whopping 1,191 feet.

Construction at this tower is still underway but it’s set to open in the spring of 2020.

One Chicago is another up and coming condo building in the heart of Chicago that’s said to offer some of the most desirable condos in the city.

Located across from Holy Name Cathedral, One Chicago takes up a full city block. This resort-style condo building is expected to open in 2022.

Wolf Point East has been in the works for several years now, but will be opening this coming year! It’s situated in a premier spot on the riverfront, making it one of the most desirable new construction buildings in Chicago.

This building is made with your lifestyle in mind. They have every amenity imaginable, including exclusive lounges, an outdoor dog run, and a private swimming pool.

Contact Terri McAuley to learn more about how you can get your hands on these exclusive Chicago properties.

By:  Terri McAuley

Chicago Condos for Sale

Cell: 312-330-3211

“Chicago’s Luxury Condo Specialist”

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