Blue Road (in partnership with Ilia Development Group)

Buying pre-construction typically starts with registering interest, then selecting a unit when the project opens to buyers. You sign a purchase contract and pay deposits in stages on a schedule set by the developer. Closing happens when the home is completed and ready for transfer, and your financing needs to be in place by then.

For new condominiums in Florida, buyers have a 15-day rescission period under FS 718.503. This applies to condos only, so it does not cover the townhome project. Have your contract and documents reviewed by a Florida real estate attorney within that window.

Pre-construction lets a buyer secure a unit with staged deposits over the build period rather than paying the full price at once. That can spread out capital commitment, but it also means the market may look different at completion than at contract signing, and no outcome is guaranteed.

When evaluating Blue Road projects, look at local factors: how much comparable new supply is coming in each city, how quickly units are selling, and the depth of rental demand. A Miami Beach condo and a Naples condo may serve very different renter and buyer pools. Also compare home type, since condos and townhomes differ in fees, rental rules and carrying costs. Read the HOA or condo documents, deposit schedule and any rental restrictions before committing.

First-time buyers should expect to put down a meaningful deposit, often paid in stages, so confirm each project's schedule and what you must have available at contract, during construction and at closing. Incentive and rebate programs vary and change; confirm current eligibility with a lender or advisor, as some programs do not apply to every property type or price level.

Registering early can give you access to project information, floor plans and pricing before wider release, and gives you time to arrange financing and review documents.