Building New Construction vs Buying Existing Properties

Building New Construction vs Buying Existing Properties

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For residential properties, you can either build a new home or purchase an existing one. There are advantages and disadvantages to both. The following is some information on building new construction vs buying existing properties.

Finding an Existing Property

Purchasing an existing home is a simpler task than constructing one. There are not as many tasks since the home is already built and all appliances, fixtures, and materials are already selected. Time frames and costs are also more predictable. However, pre-built real estate may not be as unique, particularly if they are located in subdivisions with similar homes. They might also be missing amenities that you desire and require renovations after you complete the purchase. You may want to evaluate options and expenses with a remodeler prior to moving forward with the purchase.

Building a New Construction Property

Constructing a new home can be a fun process, but it also has a few challenges. Custom properties can be built to your specifications with the risk and down side of inflating your over all purchasing budget. This allows you to get every feature that you want and to create a truly special property. However, having a property built is not simple. First and foremost, it may be challenging to find and purchase land. When found, it may not be located in the community environment you aimed for. The building process also requires a lot of planning and time to complete and with many options to consider along the way. The final price can change depending on factors such as upgrades, materials and unpredictable issues. Lastly, hiring an experienced builder is critical.

Buying a Residential Redevelopment by Mastermind Investing, LLC

Mastermind Investing, LLC is excited to be part of the area’s renaissance and we aspire to continue contributing to the economic rejuvenation of The Greater St.Louis and Metro East Area and its neighborhoods.

In addition, we redevelop a large number of single family and multi-family properties throughout the area with the intention of revitalizing communities and encouraging home ownership. Our mission, is to rejuvenate neighborhoods and increase the standard of living by improving the overall quality of housing for all residents.

Our properties are designed and constructed by elite professionals with the expectation of raising the standard of living within the community. We minimize risk for a retail buyer by managing the entire construction of their home, maintaining a solid budget, and delivering a show stopping, turn key oasis to enjoy for many years to come. We sell our properties in all phases of construction and enjoy the personal touches we’re able to add to a residential space while keeping the overall cost affordable.

At Mastermind Investing, LLC, our goal is to change the entire landscape of real estate for first time home buyers and ultimately all home buyers by packaging a ton of quality into a smaller scale of home, while keeping the cost affordable.

Stay current with us by liking our page for future properties coming to market soon, recently acquired properties and overall inspiration, positivity, and personal growth as we promote healthy mindsets in order to redevelop amazing properties!

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