cons of new construction: Purchasing Resale Properties vs. New Construction Part 1
- 02/05/11 02:03 AM
February 5, 2011 This is the beginning of a series of blogs on whether to purchase resale property or new construction. Today, I'm going to discuss the cons of purchasing new construction in a housing development. 1. You get what you pay for A developer is a businessman and an investor, he/she risks upfront money on the assumption that he will profit from the risk. As in investing, the higher the risk, the higher the reward, building a housing development is a huge risk so a builder is looking for huge rewards. Developers make money by dealing in volume and by … (7 comments)
February 5, 2011
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