For those who are wary of flipping an older, outdated home, a new construction project is a great investment to look into. Whether you are building to sell, or building to rent, there are many great investor benefits to building residential properties.
A benefit of a new construction investment project is location. As everyone knows location is a huge part of what makes property a good real estate deal. With new construction, it is more likely that you will be building in a more up and coming part of town. Whether you are tearing down an existing home or are purchasing a lot to build on, new construction projects can be like a blank canvas, and tend to be easy to customize to your personal look and requirements.
Renting New Construction:
When it comes to renting out a new construction project, you can expect your property to experience less maintenance work and upkeep. New appliances and features will have a longer lifespan than many of the updates and additions you might make to a fix and flip property. With a newer home you can also charge your renters more for rent.
Selling New Construction:
New construction also appreciates much faster than other types of investment projects, allowing you to get more return at the end of the day.
With any construction project it is important to have a timely financing partner. Easy Street Capital prides itself on delivering an exceptional level of service for our borrowers and making sure that construction draws are processed in 48-72 hours. Making sure your contractors get paid on time is key to a successful project.
Are you hesitant to make the leap into a new construction project? Read the story behind one of our Houston Borrowers, who after completing over 20 fix and flip projects and having success with hard money loans, decided to switch gears and begin a new construction project with us. His investment consists of 14 townhouse units - talk about a major project! You can read his story here.
If you are interested in beginning a project with us you can view our EasyBuild loan terms and fill out a loan application here.