Adorable ice cream shop/eatery for sale with a residence upstairs. It can all be rented out, or you can live & work in the same building. The residence is currently on Airbnb. Built in 1900, it's been renovated, and has 1bd, 1.5ba. $875K.
There's little table for a party of 4 to sit by the front window, otherwise, patrons can go up to the dining room.
You can make this blank canvas look so cute.
Public restroom.
Professional kitchen.
Industrial kitchenware washing area and a walk-in freezer.
Oooh, is that a slushie maker?
Here's the ice cream station.
Large supply room. Most of the equipment is included except for a few pieces.
This cute 2nd level is the apt.
Roomy open-concept apt. has a very nice kitchen.
Sit at the kitchen counter or set up a table & chairs.
The single bedroom is so cozy.
The full bath for the apt. is neat.
It's advertised as 1 bd., but look at this- 2 more beds tucked in sleeping nooks.
There's also an outdoor eating area, either on the deck or at the picnic tables in the yard.
The property is right near the marina in Northport Bay.
Very nice community.
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Pros & Cons of Buying Under Construction Property
Purchasing an under-construction property can be an enticing option for many homebuyers. These properties often come with unique advantages, but there are also potential drawbacks to consider. Here's a straightforward look at the pros and cons of buying an under-construction property to help you make an informed decision.
Pros of Buying Under Construction Property
Lower Prices
Affordability: Under-construction properties are typically priced lower than ready-to-move-in homes, making them more affordable for buyers.
Flexible Payment Plans: Builders often offer attractive payment plans, allowing you to pay in stages as the construction progresses.
Customization
Personalization: Buyers have the opportunity to customize various aspects of their new home, such as the layout, interiors, and finishes, to match their preferences.
Modern Amenities: New constructions often come with modern amenities and facilities, enhancing the overall living experience.
Investment Potential
Appreciation: Properties purchased during the construction phase can appreciate significantly by the time they are completed, providing good returns on investment.
Early Bird Discounts: Builders frequently offer discounts and incentives to early buyers, adding to the potential for savings and value appreciation.
New Construction
Latest Standards: Under-construction properties are built according to the latest building codes and regulations, ensuring better safety and efficiency.
Warranty: New properties often come with warranties on construction and fixtures, providing peace of mind to buyers.
Cons of Buying Under Construction Property
Delayed Possession
Construction Delays: One of the biggest risks is the possibility of delays in construction, which can postpone your move-in date.
Impact on Plans: Delayed possession can disrupt your plans and incur additional costs, such as extended rental expenses.
Quality Uncertainty
Unknown Quality: Since the property is not yet completed, assessing the final construction quality can be challenging.
Dependence on Builder's Reputation: The final outcome heavily depends on the builder's reputation and reliability.
Financial Risks
Market Fluctuations: Changes in the real estate market can impact property values, potentially affecting your investment.
Loan Disbursement: Banks may delay or halt loan disbursements if the project is delayed, affecting your payment schedule.
Limited Immediate Use
No Immediate Occupation: Unlike ready-to-move-in properties, you cannot occupy an under-construction property immediately, which may be a drawback for some buyers.
Conclusion
Buying an under-construction property comes with its set of advantages and disadvantages. It offers the potential for lower prices, customization, and investment growth but also carries risks like construction delays and quality uncertainties. Weighing these pros and cons carefully will help you make a well-informed decision that aligns with your financial goals and lifestyle needs.
For those seeking reliable under-construction properties, Goel Ganga Developments offers a range of high-quality projects designed to meet your needs and ensure a smooth buying experience. Explore their developments and find your dream home today!
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