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Updated almost 4 years ago on . Most recent reply

User Stats

80
Posts
56
Votes
Jonathan Stevens
  • Rental Property Investor
  • Attleboro, MA
56
Votes |
80
Posts

Investing in older properties that are next to new buildings

Jonathan Stevens
  • Rental Property Investor
  • Attleboro, MA
Posted

Just wanted to get some insight from people with experience. I am looking at an area with other homes that need updates but there are new apartments being built close by. If I pursue these homes, am I going to have an uphill battle and what things should I be including in my rentals to make it more attractive?

  • Jonathan Stevens
  • Most Popular Reply

    User Stats

    790
    Posts
    624
    Votes
    Alexander Szikla
    • Real Estate Agent
    • New York City
    624
    Votes |
    790
    Posts
    Alexander Szikla
    • Real Estate Agent
    • New York City
    Replied

    Better to buy the crappiest property on the best block than the best property on the crappiest block!

    Best to comp finishes as best as you can to the new property and price at a discount (15%-25%) depending on amenities offered and present your property as a budget friendly alternative!

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