New Cosntruction Homes: Good Investment?
Bigger Pockets team,
I am moving to TX in the not-so-distant future and am looking to buy a duplex (owner occupy initially and then rent out both units in the future). There are two new constructions on the market (should be complete just before I move) that I am considering. I wanted to ask for advice/thoughts/comments on buying new constructions. They are obviously more expensive than other houses in the local market but you are getting a less worn product. Does buying a new construction immediately put you in the hole as it will decrease in value once lived in? Or does the value stay pretty level and appreciate like any other property? My fear is there is an initial drop, similar to driving a car off the lot, before appreciation kicks in. Happy to provide more information if necessary to get feedback.
Thanks!