New Construction as a Rental Investment is the Best for Out-of-State Investors

[Lily Rodriguez]

Investing in rental properties can be a great way to build wealth and generate passive income. However, for out-of-state investors, the process can be daunting. There are a lot of factors to consider, from finding the right property to managing tenants.

That's why buying new construction as a rental investment is the best option for out-of-state investors.
Here are a few reasons why:

* **Lower maintenance costs.** New construction homes are built to the latest building codes, which means they are more energy-efficient and require less maintenance than older homes. This can save you a lot of money in the long run.

* **Fewer repairs.** New construction homes are also less likely to need repairs than older homes. This is because they are built with new materials and appliances.

* **Higher quality tenants.** New construction homes are often more appealing to tenants than older homes. This is because they are clean, modern, and have all the latest amenities.

* **Potential for appreciation.** New construction homes are often located in desirable areas that are likely to appreciate in value over time. This can help you build equity in your investment.

Of course, there are some things to keep in mind when buying new construction as a rental investment. Here are a few tips:

* **Do your research.** Before you buy, make sure you do your research on the area and the builder. You want to make sure that you are investing in a quality property in a good location.

* **Get a home inspection.** Even though new construction homes are built to code, it is still a good idea to get a home inspection before you buy. This will help you identify any potential problems.

* **Factor in the cost of maintenance.** Even though new construction homes require less maintenance than older homes, you will still need to budget for some maintenance costs. This includes things like lawn care, snow removal, and repairs. (In most cases things will be covered by the warranty only for a few years)

* **Consider the potential for appreciation.** 

When you buy new construction, you are buying a home that is likely to appreciate in value over time. However, it is important to remember that the housing market can fluctuate. There is no guarantee that your investment will appreciate in value. (Charlotte, NC has a consistent minimum increase of 5% in appreciation year after year.)

Overall, buying new construction as a rental investment is a great option for out-of-state investors. It can provide you with a number of benefits, including lower maintenance costs, fewer repairs, higher quality tenants, and the potential for appreciation. Just be sure to do your research and factor in the cost of maintenance before you buy.

You won’t have to worry about having to do any updates or repairs before listing it for rent. My out-of-states clients also love that we place a tenant into their new investment property for free.

I hope this information expanded your options when buying rental properties either in your own city but specifically for out of state.  
Respectfully,

Lily Rodriguez -Investor friendly Agent