Just because you think you have to find a house the old fashioned way, it doesn’t mean that the best solution is to simply do what everyone else does. Buying a home doesn’t have to be the most confusing thing in the world, and it also doesn’t need to be a cookie cutter scenario either. That’s why you should think about all of your options and strongly consider what makes the most sense when it comes time to buy a new property. Whether you are currently looking to upgrade your status and get out of an old fashioned apartment, or you are just looking for a spot of your own that makes the most sense for a first time buyer, you should consider new home sales from DDProperty that fits your needs in both a personal and financial way.
Get In On The Ground Floor (Literally)
One big idea to consider about getting in on the ground floor of literally any new developmental project or property is because when someone invests hundreds of thousands or even millions of dollars into a project, they take their time and they do their homework. In other words, by the time someone has even broken ground and the first shovel is into the dirt, there has been an investment of countless hours that are purely for finding out each and every detail.
Not only do the investors and the developers need to come together to fully understand all of the specifics with respect to the surrounding area, but they know they can’t just throw up a set of units to be rented when there is no draw. In fact, there is a good chance that the only reason that they are even putting something in with respect to rental properties or new condos is because they know the area is about to boom and that means they will be sitting pretty over the long haul.
To you, that means you can literally jump into an area that is not only exciting with respect to the brand new units, brand new landscaping, all state of the art amenities, and etc., but it is also going to continue growing. After all, when the building goes up and tenants move in, then you already know that every club, eatery, grocery store, and entertainment businesses can’t be far behind. They will literally be there as soon as they can build and sign a lease because when there are people there will be businesses to serve them. By getting in on the ground floor you can literally get into a brand new location and be at the hub of entertainment before it is even taking off.
Solid Financial Value Regarding Cost
Another important thing to consider when it comes time to buy a newly constructed unit on the ground floor is to think about the financial savings. Some people will think you are crazy to buy brand new, but the fact of the matter is you can actually buy even more quality and pocket even more equity right off of the bat. This all has to do with the general business operational cycle.
When you think about a brand new construction full of open units, the clock is ticking and rent isn’t flowing in yet. The crazy thing is that for the first few months, the investors are not only not making any money because they are still stuck in the construction phase, but they are arguably losing money due to the specifics of taxes, loan interest, and administrative fees that are hanging over the heads of the investors and the operation.
To make a long story short, one of the best times to try and jump into a brand new building is right off of the bat. If you can get in quickly then by simple laws of supply and demand you will not only get a unit for far less than market value, but even if you decide that you want to leave at some point in the future you will be able to potentially turn around and resell your unit for far more than you have paid. By the time you want to get out of a unit not only will the rest of the units be full (and so with great demand and limited supply you can charge more), but you are also going to be in the heart of a built up area and by then you will have people beating down your door to move in. Not only can you capitalize on a great new unit in a brand new building, but if you can buy low and sell high you are following the strategy of a highly intelligent investor.
Can Easily Find Quality
Another major item to consider for each and every individual who is considering a new place is the age and quality of a building. Yes you may be able to save just a little bit of money by getting cheaper quality, but you can also find yourself only saving a few dollars to have an inferior overall quality of living and a worse off life. At the end of the day the whole reason that you want to have a nice home is to be able to relax and take it easy overall. Why in the world would you cut into your personal comfort just to possibly save a few dollars?
When you consider the construction codes, new designs (functional or art based) and the general wear and tear on everything from new carpeting to cabinetry and countertops, you will have no worry about replacing anything for years if you buy new. Then again, going after a cheaper home might mean a smaller sticker price, but you could be nickeled and dimed on both quality and cost (not to mention convenience as things need to be constantly replaced or repaired) for as long as you can imagine.
This is all before you even consider the general importance of energy efficiency and how something as little as this can be worth hundreds of dollars per month if not more. Construction methods, quality, and even functional design has changed over the last handful of years. With each new idea and method comes more energy efficient building. And, if you happen to live in an area where it can get warm in the summer or cold in the winter, you will absolutely know the costs of heating bills or air conditioning bills.
The basic conclusion is actually pretty simple and self-evident when you think about all of your options. What you want to do is to fully verify that anything you are investing in not only makes sense from a functional point of view but also from a financial point of view. After all, you do need to be sure that you aren’t spending all of your hard earned money on an investment that won’t pay off in the end. That being said, you also have to realize that even if you are making money, you have to be able to be comfortable on a day-to-day basis. It might be nice to chase dollars and save cash, but if you aren’t able to recharge your batteries and relax, then why are you even doing it in the first place? That’s the whole reason you should be searching for a new property project with DDProperty.