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Updated over 6 years ago,

User Stats

17
Posts
7
Votes
Ken Kwok
  • Hong Kong
7
Votes |
17
Posts

What is the Pros and Cons to buy a new constructed house?

Ken Kwok
  • Hong Kong
Posted

I am looking to invest in a Single Family House or Multifamiy in Seattle area, and see some new constructed houses which looks amazing from all the pics. I am wondering what the tenant usually think about new house? Are they willing to pay for the premium? How should I choose between an 20-30 years old house and a brand new constructed house?

So what is the pros and cons from an investor perspective? 

Pros: easier to find tenant? less hassle to maintain everything? 

Cons: less NOI? too new houses in new area which is inconvenience?

P.S. In Asia or Chinese culture, people do care a lot to live in a new house rather than a SECOND HAND house; in other words, the 2nd hand will depreciate a lot like a car once people lived in for awhile.

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