Cape Coral New Construction

[Michael Simmonds]

Hey BP Family,

 I know many of you have pursued new construction in Cape Coral through Rent to Retirement. How was your overall experience? It has been over a year since we closed and we are still awaiting final approval. After the hurricane, we were told that the home would be completed by early summer 2023, but now it is May and we are still waiting on approval. We are now being told that there are delays due to septic approval and our 4 bedroom/2 bath plan has to be changed to 3 bedrooms plus a den. Not sure what the correlation is between the septic delay and the bedroom situation, but this certainly is not a pleasant surprise. 

Have any of you experienced this and if so, what was the outcome? We are waiting to speak with someone from Rent to Retirement to figure this out, but wanted to see if anyone else has had a similar experience.

Additionally, we are being told that changing from a 4 bedroom to a 3 bed plus a den will have no affect on the value of the home or the rental income. We went into this investment and ran our numbers based on a 4 bed/2 bath. We are doing our own research, but hoping to get some input from local investors/realtors in Cape Coral to verify if this information is accurate. 

Thank you in advance!