Buying a new build in a great downtown location?

[Skip Gilliam]

We have a new small townhouse community under construction currently in our downtown area in the historic district. A small group of 36 homes one block from the the main promenade area where all festivals, good resturants, farmers market, coffee shops are located. It really is a great location with new construction popping up everywhere this past year. 

Trying to decide if it's a good investment to buy now before they are completed?? Units starting at $200,000 for 1700 3bed 2bath. Rent would go for $1900-$2000 according to property management company. I really see the value increasing on these in the next few years with everything currently under construction and everything that is planned in surrounding areas over the next couple of years. 

Is it ever a good idea to buy new to rent out? 

Thanks