Benefits: 1. It’s brand new! You’ll be the first owner of the home and you probably won’t need to renovate before moving in. 2. You get the 2-5-10 years warranty which would help you save money on repairs over the years. 3. Since a presale property takes 2-3 years to complete, it gives you time to save up to pay for your mortgage. 3. Presale properties usually go up in value upon completion. Risks: 1. There might be delays to the completion of the property. It’s not uncommon for presales to delay for 1 to 2 years. 2. If you no longer want or can afford the presale during construction or upon completion, you cannot back out from it. However, you’re able to transfer or resell the presale in most cases.