3 Reasons Why New Construction is the New Choice for Investment Property

August 28, 2015

Posted by Amanda Houser in investment property, New Home Construction, News, Rentals

Three great tips for buying new construction for investment properties:

1. Builders typically pay closing costs
Builders will draw in new customers by offering to pay for all of the closings costs in the transaction. The caveat to this is they want to steer you to use their lender. There are lenders out there that will match the builders incentives, however. Another solution to the caveat is some builders will just have an “allowance” per say for you to use towards either upgrades or towards closing costs (regardless of lender). Since it is a rental property that will more than likely require some maintenance or upgrading at a later date anyway, it makes more sense to use that allowance towards closing costs and not on upgrades. Now all of your upfront costs are going directly into the equity of your property and not on fees. Read more

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3 Reasons Why New Construction is the New Choice for Investment Property

August 28, 2015

Davidson Realty

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