Brick vs Vinyl property quad/triplex

Brick vs Vinyl property quad/triplex

Member since 2024 · 2 posts · 0 votes

Hi, I am new at this residential real estate investment. Looking to buy my first quad/triplex. I will be living in one unit and renting the others out. When calculating cap, and other deal analysis criteria, none of them talks about how to assess the property in terms of its appreciation based on structural quality such as brick exterior versus vinyl. While I can get information on this question online, such as brick is obviously more durable and long lasting have a better resale value than vinyl, I'm still struggling to make the decision on which property to go with.

There is a quadplex vinyl exterior property for 210 per unit versus brick exterior property with wooden deck in the backy for 230 per unit in middle Tennessee. Of course the brick is more expensive due to its obvious fact that it's made of brick and wood deck otherwise the interior is pretty much similar in both properties. Due to current market interest rates, I have a possibility of minimal cash flow with a vinyl property however with the brick property, I'm barely even breaking even.(If I manage triplex my self then I won't be in negative cash flow). After breaking down the pros and cons the one thing I'm not unable to estimate is the appreciation difference between brick versus vinyl property and resale value so my question to experience investors is what would you recommend investing in for appraisal? I don't mind not having cash flow as I do have other lines of income however, I definitely don't want to go in negative and I do want my property to appraise over the period of time well and not give me too much maintenance headache.

I appreciate any and all constructive suggestions. Thank you for your time.

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  • Christian StylesBusiness Member
    Specialist · Cleveland, OH · Member since 2024 · 71 posts · 51 votes
    2y

    Welcome to the world of real estate investing! 

    Brick is definitely known for being durable and low maintenance, which can make it a great investment for the long-term. Vinyl, on the other hand, is cheaper upfront but might need more upkeep over time. Like you pointed out, brick generally fetches a higher resale value, which is something to keep in mind for future appreciation. 

    You mentioned that the brick property would break even or just about cover costs, whereas the vinyl property might give you a bit of cash flow. If you’re okay with not making much monthly profit and focusing on long-term gains, brick could be a solid choice. Just make sure you’re not dipping into negative cash flow territory, especially with today’s interest rates.

    Location, Location, Location

    Don’t forget, location plays a massive role in appreciation. Look at the neighborhood trends, amenities, and future development plans. Sometimes, a great location can make a vinyl property appreciate just as well as a brick one.

    Maintenance

    Brick will likely save you some maintenance headaches over time. Vinyl might need more frequent repairs, which can add up. If you prefer less hassle, brick is a good bet. Its not without hassle though, that's an important distinction, tuckpointing, brick sealing, and potential wall separation/collapse are always considerations. 

    Think about what’s most important to you. If you’re aiming for long-term appreciation and low maintenance, the brick property might be worth the higher initial cost. But if you want some immediate cash flow and are okay with a bit more maintenance, vinyl could work.

    At the end of the day, it’s about what fits best with your financial situation and goals. Take your time, crunch the numbers, and go with what feels right for you. Good luck, and keep us posted on what you decide!

  • John WilliamsBusiness Member
    Property Manager · Clarksville, TN · Member since 2018 · 443 posts · 210 votes
    2y

    I would be more concerned with the location of the property. For example, if the brick property is located in an area with high crime and other factors that make the area less desirable, it may be better to choose the vinyl property. Also, what is the age of each building and the major systems? That can also affect the value. 

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