New Constructions in San Antonio

[Suraj Nagrani]

Greetings!

I am looking at investing in a newly constructed town home in San Antonio next to the San Antonio river and the Pearl Brewery. The area is called Tobin Hill. The home will be ready in 2016. In your opinions, what are the pros and cons with investing in new constructions? Is anyone familiar with the area and what is going on there? I do understand that new constructions trade at a premium but I feel that in my case (being based out of the country) this will pay off in the long run, and my plan is to buy and hold, and rent the property out.

Look forward to hearing from all of you!