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Updated over 9 years ago,
Brick and concrete block vs. Wood frame / stick built properties
Does anyone focus on one type of construction as a part of their REI strategy? Do you buy one type exclusively or is it just a deal is a deal mentality?
How much in annual repairs (after the initial getting the property up to par) would you say that one would save over one type of construction compared to another? 2%, 3%, 5% or more annually?
Does it cost more to insure one type of construction over another? If the answer is yes, how much more? Again, 2%, 3%, 5% or more annually?
I know what direction I am leaning when I start investing and want feedback from others. The maintenance savings and insurance questions are ones that could really help to seal the deal in my mind. I am wondering if anyone out there has real numbers or done a "study" to determine these types of things.
Thanks in advance for chiming in with your thoughts!