They say there's nothing like the feeling of something new, whether it's new clothes, a new car, or maybe even a new construction home, there is a certain feeling that goes with purchasing something new.
Therefore it's not hard to understand why buying a new construction homes in Miami or investment property is a popular purchasing choice.
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One of the most attractive aspects of buying new is that it often requires fewer upfront costs. Many unforeseen costs, maintenance fees or repair bills, can quickly eat into the money you aim to save by purchasing an existing dwelling.
Moreover, newly built properties traditionally carry a warranty for several years so if you do happen to run into teething issues with your new home, the warranty can help. If you are in the market for an investment property, a new home can certainly be a wise choice.
New construction home benefits for investors
Not only will the new look and design appeal to potential tenants, contemporary building standards can mean a greener, Also keep in mind that new utilities and appliances, such as a bathroom, kitchens, and heating can be a huge drawcard for tenants and should be considered when you come to negotiate the weekly rent.
Finally, don't overlook the depreciation and tax benefits associated with purchasing a new construction home as an investment property as well as the government incentives that can come with purchasing a new home to live in.