Leaky roof, asbestos, outdated floor plan, unsafe electrical system, pluming problems, foundation problems... Even with a thorough inspection, there is a risk of very expensive repairs lurking beneath the surface.
More Expensive, More Time Consuming
If you think newer homes are more expensive than older homes, you are wrong. Initial cost to repair, remodel & Maintenance than newer homes. Aging systems that are less energy efficient and could result in more expensive utility & insurance bills.
Less Value, More Risks
You can do all the renovation you want, but the fact is, an older home is harder to sell & rent than a newer one, and updates could be very costly. Lower rents could also attract less quality tenants.
No Surprises, New Everything
Nothing in a new build will need to be rehabbed, renovated or repaired. It’s “move-in ready,” which translates to less sweat equity on your part. With brand-new everything, you’ll save time and money on repairs & maintenance for years to come.
Nothing in a new build will need to be rehabbed, renovated or repaired. Newer homes tend to have higher energy efficiency (which can save you up to 30% on your utility bills), lower insurance cost and much bigger tax benefits.
Better Cash Flow, Better Investment
The Utah's renters demographic is unique in so many ways. The median age in Utah is 29, the lowest in the nation. Millennials tend to be more energy conscious and prefer newer system and modern style living, which is why new builds have higher rental demands & better cash flow.