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Updated about 7 years ago on . Most recent reply

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Alvaro Rodriguez
  • Specialist
  • Houston, TX
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Value of property increase

Alvaro Rodriguez
  • Specialist
  • Houston, TX
Posted

I need some feedback on these questions please. Is it a good idea to buy a new construction house to later sell in two years? Does the value of the house increase significantly from what it was bought under construction to when it is finished. In other words, will I be able to obtain a profit from a new construction house in a couple of years?

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Given where we are in the economic cycle, I wouldn't expect new construction to increase in value over the next couple years in most markets.

Even if I'm wrong about that, the likelihood of the value increase to be enough to cover your selling costs and commissions plus provide a profit is extremely Slim.

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