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Updated almost 5 years ago on . Most recent reply
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How do I learn how to judge between new construction and buying?
Hey everyone! I am wanting to explore the options of buying vs. building new in the Kansas City area. I purchased a four-plex in Oklahoma that has been great, but quite the fixer upper. My wife loves the idea of getting into real estate (thank god) but wants something with less work and in a safer market when I move back up to Kansas City. I totally agree with her statement and know most of the trade offs. I am willing to make less cash flow, knowing i'll have less capex and maintenance. I have an open mind and want to learn how to judge if building new is the right move. What steps can I take to ensure I make the right decision. Thanks!
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@Rose White is spot on. Most of the older multi in KC is built in the early 1900's. If you go to the suburbs outside of KC those multi are built 1950's-1980's. In the growing parts of KC there is new construction going on., most of the time the new construction is in the premiere part so you'll have strong appreciation.
- Caleb Brown