OfflineWhen buying newly constructed homes is there anything I should be watching out for? Is new construction inspected by cities or held to any standard before being put on the market?
RENinja
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"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee
Thanks for the comment.
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee
Yes they have to pass inspections, and built to the current code standards that are effect in your market. They are a great value if you can get they at a discount, like was memtion, find a motivated builder who is needing to sell to pay bills and still in business they are s.ow right now also. I have contractors calling all the time looking for something to do.Action+Knowledge=Success....$$$$$...
Get out a get ya some!!!!! I hope this helps...John..Go Da Bears......
"Action and Mistakes" always-outweigh "Analysis Paralysis"
...Just do It"
http://www.linkedin.com/pub/john-hoening/23/2a3/164
"Action+Knowledge=Success....$$$$$$$$$.....
www.WeFlipDesMoines.com http://facebook.com/desmoinesinvestmentproperties
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Thanks for the info!
Very helpful.
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee
Thank you all for the new bit of info.
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
RENinja
They all have to have a Certificate of Occupancy.
As Greg (massuere) stated, the economy and lack of buyers can produce deals on new homes due to lack of funds of builder to carry and going out of business.
New developement (subdivisions), you can buy pre construction homes BEFORE they are built, with just a signature and $500 and resell (in an up market) upon completion and make some good profit. The reason this is available is due the release of funds to builder/developer- they cant get all the funds upfront, so they get allotments as progress goes and homes sell
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Appreciate the info!
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee