@Camille Hoheb - because new builds are primarily outside of city limits. Those in city limits are priced aggressively, so appreciation will be a bit of a gamble - may happen, may not. The new builds in New Market/Meridianville/Hazel Green are at high risk for being underwater over the next 3 years. If you are planning to buy and hold a new build for at least 5 to 7 years, you should be ok for some chance at appreciation.
I don't know anything about the local markets outside of Huntsville/Madison and the immediate surrounding areas. Unlike others on BP, I don't give advice for markets I have no knowledge of.
Welcome, Camille! Huntsville is definitely a growing market with a lot of investor attention right now. Since you’re looking to build your team, I’d suggest connecting early with a solid property manager and local contractors—they’ll make or break your investing experience. I invest mainly in the Midwest, but the principles are the same: having the right boots-on-the-ground team gives you a huge edge. Curious—are you planning to focus more on single family or multifamily in Huntsville?
@Camille Hoheb - SFH new builds in the Huntsville area are not a viable play right now, unless you have a desire to put at least 30% down. Anything less than 30% down will likely be notably cash flow negative, and the chance for appreciation with new builds right now is likely limited.
@Arman Ahmed - I would disagree with a "growing market" for investors with Huntsville right now. Stagnant market would be a better description. Do you invest in this area? If you are having a different experience, I'd be curious to hear about it.
@Michael S. What's the reason the chance for appreciation of new builds in limited when there is population and job growth? Are there other areas of AL that you recommend and if so, would appreciate knowing more.
@Arman Ahmed - not undertanding how Huntsville is stagnant with population and job growth. Can you elaborate please?
@Camille Hoheb - because new builds are primarily outside of city limits. Those in city limits are priced aggressively, so appreciation will be a bit of a gamble - may happen, may not. The new builds in New Market/Meridianville/Hazel Green are at high risk for being underwater over the next 3 years. If you are planning to buy and hold a new build for at least 5 to 7 years, you should be ok for some chance at appreciation.
I don't know anything about the local markets outside of Huntsville/Madison and the immediate surrounding areas. Unlike others on BP, I don't give advice for markets I have no knowledge of.