NikeTalk › NikeTalk Forums › The Lounge › General › Home Buying & Real Estate Thread
New Posts  All Forums:Forum Nav:

Home Buying & Real Estate Thread - Page 113

post #3361 of 3378
Hmm that question got me curious as well
Saucin', saucin', I'm saucin' on you
Reply
Saucin', saucin', I'm saucin' on you
Reply
post #3362 of 3378
Quote:
Originally Posted by johnnyrockwell View Post
 

Anybody know if buying a new construction home is worth it vs. older houses?

 

In Maryland, Ryan Homes is one of the more popular builders for new construction but they don't have a good reviews on the internet.

 

I'm also looking at Keystone Custom Homes and they look real good in person but their reviews online are very concerning.

 

Older houses like late-80s - 90s seem to stand the test of time.

Can someone give me advice?

I built a Ryans Home's new construction almost 2 years ago in PG MD. I really only have one complaint and that is that the workers left a bottle of piss behind the drywall . Luckily (kind of) there was a leak and the dry wall had to be cut open and this is how I found the bottle. Besides that no complaints at all , so I say be there for when they are going to start putting up drywall. 

 

My town home (2500sqft) is extremely energy efficient. My electricity bill hasn't been above $37 for the past 4 month its incredible really. I also have an Ecobee so that helps as well. I haven't had any issues at all with the house. 

post #3363 of 3378

Energy efficient homes must be nice! I have an older house and even though it's empty for the months I'm not home, the electricity bill is about $120/month. 

post #3364 of 3378
Man my electricity bill is $150 at most even in the hottest points of summer in Texas
Team Mopar
"Mother warned me that there would be men like you driving cars like that."
Reply
Team Mopar
"Mother warned me that there would be men like you driving cars like that."
Reply
post #3365 of 3378

Hey guys,

 

I just signed and gave my initial deposit for my investment property in the DMV area. It's a new construction and i'm going in later this month to pick out the flooring, kitchen, bathrooms and lighting options. I plan to just pick from all level 1 standard options and maybe upgrade the cabinets. Standard kitchen comes with granite and the whole second floor will be wood. Should I even bother upgrading anything? I kept the structural options standard and chose a premium lot which was an extra 10k. (backyard faces the wood)

 

I'm trying to keep the price of the home low as possible, am I making the right move? This is my first investment property and my house is 5 miles away, so managing it would be simple. Any advice would be great guys.

 

 

Thanks

post #3366 of 3378
Quote:
Originally Posted by VaGixxer View Post

Another one we just finished up yesterday in RVA.

Bought it 3 years ago for 60k. Saw market trending so held onto it. Full gut renovation, all new systems, and etc. Listed yesterday and already have one offer at asking (345k), hoping for a bidding situation as no showings until tomorrow at open house. smokin.gif


 

 

RVA is my city! Great work my dude. Good luck with the sale and hope to see more of your projects on here :Nthat 

post #3367 of 3378
Quote:
Originally Posted by DC777 View Post
 

Hey guys,

 

I just signed and gave my initial deposit for my investment property in the DMV area. It's a new construction and i'm going in later this month to pick out the flooring, kitchen, bathrooms and lighting options. I plan to just pick from all level 1 standard options and maybe upgrade the cabinets. Standard kitchen comes with granite and the whole second floor will be wood. Should I even bother upgrading anything? I kept the structural options standard and chose a premium lot which was an extra 10k. (backyard faces the wood)

 

I'm trying to keep the price of the home low as possible, am I making the right move? This is my first investment property and my house is 5 miles away, so managing it would be simple. Any advice would be great guys.

 

 

Thanks

Is there a reason why you are buying a new construction as a rental property? I did it, but I was living there and renting out my rooms. 

 

I would upgrade any vinyl to tile and pick a carpet color that wont stain easily. That's the only thing I can think of . Granite and stainless steel is standard now.

post #3368 of 3378
Quote:
Originally Posted by BeezyGotSole View Post
 

Is there a reason why you are buying a new construction as a rental property? I did it, but I was living there and renting out my rooms. 

 

I would upgrade any vinyl to tile and pick a carpet color that wont stain easily. That's the only thing I can think of . Granite and stainless steel is standard now.


@BeezyGotSole What's up. I chose new construction for low maintenance and this site is .5 miles from the Ashburn metro station (last stop for silver line in 2019). The community is almost sold out without a model home even built yet. It's walking distance and a commuter lot is right across the street. It's also a plus that Ryan/Nv homes are building a huge community down the street, they are selling on average 600K. Hoping they bring my value up.

post #3369 of 3378
Quote:
Originally Posted by DC777 View Post
 


@BeezyGotSole What's up. I chose new construction for low maintenance and this site is .5 miles from the Ashburn metro station (last stop for silver line in 2019). The community is almost sold out without a model home even built yet. It's walking distance and a commuter lot is right across the street. It's also a plus that Ryan/Nv homes are building a huge community down the street, they are selling on average 600K. Hoping they bring my value up.

Oh yeahhh we talked about this. Nvm great play !

post #3370 of 3378
Quote:
Originally Posted by BeezyGotSole View Post
 

Oh yeahhh we talked about this. Nvm great play !

 

Thanks! The area has a lot of potential, did you ever considering investing in Loudoun County or even in Northern VA? Or do you mainly invest in DC & MD?

post #3371 of 3378
got this beauty an AO in 8 days and in contract in 20 *ABOVE ASKING PRICE* smokin.gif ... for all those around BX/Westchester area.. let me know if you need help buying/selling or know of anyone that could use my services..

tesla
psn x justreason
sun x moon x stars
budden x lupe x rakim x jayz
ozil x bush x benzema x leshady x harvin
Reply
tesla
psn x justreason
sun x moon x stars
budden x lupe x rakim x jayz
ozil x bush x benzema x leshady x harvin
Reply
post #3372 of 3378
Quote:
Originally Posted by DC777 View Post
 

 

Thanks! The area has a lot of potential, did you ever considering investing in Loudoun County or even in Northern VA? Or do you mainly invest in DC & MD?

I most likely wouldn't invest in LoCo ,because the price point is just not what I'm interested in right now. The people I do know who invest in LoCo/NoVa already have a lot of money or started after the market crashed. 

 

Right now me and my business partner are looking in DC & MD only .

post #3373 of 3378
Quote:
Originally Posted by ekREV98 View Post

My newest project in Point Loma.

How did this go? Also any new projects in the works? love seeing the process.
they were the mighty ones who were of old, men of renown
Reply
they were the mighty ones who were of old, men of renown
Reply
post #3374 of 3378
Quote:
Originally Posted by Stork View Post

How did this go? Also any new projects in the works? love seeing the process.

This one went went fast. Got an all cash offer and $6k over asking price. Sold for $835k. It worked out perfectly because the buyer is a proffesional scuba diver and the deep pool in the backyard is what he was looking for and on top of that, he's been wanting to live in the neighborhood. We should be closing escrow next week.

I have 3 upcoming projects but waiting for the tenants to move out. 1 tenant moved out last week so we are starting a new project next week but debating if I should sell as is for an $70k profit or I can remodel and get an $100k profit. I'm leaning towards selling as is because it's a quick flip and I don't have to do any work. tongue.gif

We had to wait until the other 2 projects were sold before I could move on. I'll have pics soon...
post #3375 of 3378

You sold that little house for how much? Houses like this is the price around here
post #3376 of 3378
Quote:
Originally Posted by futurehendrix View Post


You sold that little house for how much? Houses like this is the price around here

Yah I know...$835k for a 1000 sq ft home is crazy but the neighborhood is awesome and one of the sought out areas in SD. I'd like to live in the same neighborhood but housing prices are ridiculous. Then again, if I can find another project in the same area, I may consider keeping it for myself. Lol
post #3377 of 3378
How much do professional scuba divers make?
post #3378 of 3378
they were the mighty ones who were of old, men of renown
Reply
they were the mighty ones who were of old, men of renown
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General
NikeTalk › NikeTalk Forums › The Lounge › General › Home Buying & Real Estate Thread