New Construction Homes Pros and Cons

[Timmy Chen]

Hi Everyone,

Currently I am looking at a real state development and current they only have demo townhouses homes. They are currently in stage 3 of the development and are offering 10k incentives Builder and 2% Seller(towards buying down the interest or closing cost), home comes with warranty and appliances. 

Once under contract, they will review the buyers customizations and then build. My questions to all the lovely BP folks here, is there anything to be cautious and look out for new construction homes and are they viable to be an investment property?

Any knowledge is most appreciated!