Interealty Exchange, best place for condos and apartments to buy. (Interealty Exchange )

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Rainmaker
4,433,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

An investor looks for return on investment and determines it by taking into consideration how long he is going to hold on to it . There are flippers who buy resale homes and they consider how much they need to spend and how much they will be able to sell it for.so the answer is it depends. investors maybe able to buy at preconstruction price and get good deals on new construction.

Sep 29, 2015 08:40 PM
Rainmaker
837,245
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It does not matter if new construction or resale, investment is driven by acquisition cost.

If the new home can be acquired at pre-construction price (risk involved) that would be the better investment.

HOWEVER, the big boys like Blackstone look for resale 3br, 2ba, 2 car, block construction for rental investment.

Sep 29, 2015 10:14 PM
Rainmaker
6,033,323
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Most of my single family investments have been in existing homes. I have build apartment communities for new construction investments.

Sep 29, 2015 09:16 PM
Ambassador
1,542,390
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

New homes = low or no maintenance for investors.  Existing home = work which means work for the investor.  I'm not talking personal (to live in properties)  I"m talking about business investors.  

Sep 30, 2015 12:02 AM
Rainmaker
1,090,719
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

For me (I'm a buy & hold-investor of 26 years), or when guiding clients; it's the purpose of the purchase (& the CAP Rate Analysis if it's a buy & hold) that determines the property to invest in. Old may have a higher maintenance budget, but new, theses days, may come with higher fixed costs like HOA fees or additional Mello Roos Taxes to consider.

So it's all in the math and the cash-flow as far as I'm concerned #1 and then the area and what kind of tenants I'll likely have #2. So I know to whom I'm marketing strategy and size of renter-pool: (families, singles, students, military, etc). If it's a flip, rehab or wholesale deal, well then different factors apply.

Sep 29, 2015 11:24 PM
Rainmaker
3,985,637
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A home that needs work

Sep 29, 2015 11:22 PM
Rainmaker
1,377,444
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

There are very few new construction homes in our area. I'm more likely to choose an existing one.

Sep 29, 2015 08:39 PM
Rainmaker
717,388
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

We buy old homes, and fix them.

Mar 24, 2019 09:44 PM
Ambassador
1,615,784
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I prefer an existing home

Oct 17, 2016 10:24 PM
Ambassador
4,896,974
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Older homes are often better built.

 

Oct 09, 2016 04:41 PM
Ambassador
4,308,044
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Interealty Exchange - I prefer existing one.

Oct 02, 2016 04:19 PM
Ambassador
3,717,135
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

It depends more on the location and how the numbers work than the age of the property.  Most of our housing stock is really old, so property condition is also a big issue.

Oct 02, 2016 02:13 PM
Rainmaker
603,371
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

Most new homes in our area have a mello roos bond or CFD (basically the same thing)  This bond doesn't go up in value when the home's value rises.  An existing home without this bond that is newer and well located would most likely be my personal preference.

Oct 01, 2015 03:06 PM
Rainmaker
1,682,389
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

existing one

Sep 30, 2015 12:22 PM
Rainer
45,807
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

Depends on the market but if you buy new construction in the first phase and hold it, maybe move in, maybe not and then sell it when the development is sold out, you can make money...but....depends on the market.   But a resale home that needs some cosmetic work or modest renovation is an easy flip that can reap pretty sizeable returns.

Sep 30, 2015 05:26 AM
Rainer
28,333
Connie Wildasinn
WGroup Realtors - Long Beach, CA
20 + years at your Service

It's always in the Exit Strategy, make no difference old or new... What you paid to what you sell for is the key...

Sep 30, 2015 01:44 AM
Rainmaker
356,539
Cindy Davis
SD Home Source Realty - San Diego, CA

I would probably by an existing home for investment purposes. With new homes, you are paying a premium. 

Sep 30, 2015 01:20 AM
Rainmaker
5,471,276
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

new construction sets the pace in real estate....no one pays more for a resale than the same home built new.... I always bought new....custom is what I like....

Sep 29, 2015 11:30 PM
Rainmaker
1,062,539
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Investments should be in close proximity to where tenants are most wanting to live. The higher the concentration the more likely it will be in an established location and hence already built. Commute time is crucial for best returns. 

Sep 29, 2015 10:35 PM