Luxury Apartments Down the Street

[Emilio Betancourt]

Hello, everyone! I am looking to get into a home that we found in my state. I toured the area and found that there is a luxury apartment rental community being built up the street. The property that I am looking at has 3 apartments. The rents in the area range from $830 for 1 bedroom with heat and hot water $1035 for 2 bedrooms with heat and hot water too. My thought is that if they are building luxury apartments in the area then there must be a need. Its a huge complex. What do you think?