Investing in a new build home

[Auryana Faramarzi]

I wanted to get investors advice on buying a new build home in East Bernard. What are pros? What are cons? Would you recommend? The home will not be done until December 2021. But the area has low inventory of rentals so supply<demand. 

[Bonnie Low]

A couple of additional things to consider: if you're getting into contract for a new build, beware of building slow downs and rapidly rising prices for construction materials. Make sure your contract locks you in at the agreed upon price. Many contracts now contain clauses that basically say the costs can adjust upwards with the price of materials, which is totally understandable if you're the builder, but could bite you big time if you're the buyer.