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Build or Buy? Tips to Help you Decide - PrimeLending Houston

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					                                      Call Today: (800) 704-5432 or (281) 305-9375
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                                                                                              H O U S T O N F H A & U S D A M O RT G A G E C O N V E N T I O N A L M O RT G A G E
                                      W W W. H O U S TO N M O R T G A G E T E X A S . C O M   M O RT G A G E H O U S T O N VA M O RT G A G E 1 S T- T I M E H O M E B U Y E R S




Build or Buy? Tips to Help you Decide - PrimeLending Houston


When faced with the decision to invest
in a piece of property, real estate investors
face a bewildering number of attributes to
 examine and choose between. The most
basic decision is between buying a
property with a building already on it
and building an empty property to build
a new structure on. There are several
factors involved, but here are a couple
of the most basic:




New Buildings Appreciate Faster

If you buy an empty property and build a home or a commercial building, your new building will generally
add more value to the property than an old one that you buy and then remodel. Commercial buildings take
significantly more money to build and can actually become dead weight if the property isn’t in an accessible
location. In the right spot, however, commercial buildings can appreciate the property quite literally
overnight.


Cash or Loan?

It takes a lot of money up-front to build a new structure -- and if you don’t have it, you’ll have to defer and
increase the cost with a loan. Properties with existing buildings generally don’t cost as much as a new
construction, but they can come with their own problems. You’ll almost certainly have to remodel, for one.




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                                      Call Today: (800) 704-5432 or (281) 305-9375
                                      Click Here to Apply For Your Houston Mortgage

                                                                                              H O U S T O N F H A & U S D A M O RT G A G E C O N V E N T I O N A L M O RT G A G E
                                      W W W. H O U S TO N M O R T G A G E T E X A S . C O M   M O RT G A G E H O U S T O N VA M O RT G A G E 1 S T- T I M E H O M E B U Y E R S




Build or Buy? Tips to Help you Decide - PrimeLending Houston


Existing buildings can also sometimes come with existing debt, which you’ll have to pay off or it will eat
into your profits on the sale of that property. You can’t really know which will cost less money in the long
run without deep research on every building you would actually buy and a few estimates from a few
contractors on the cost of what you would plan to build.


In the end, it is all about the ROI -- you are an investor first and foremost, after all. Putting the effort to
actually get detailed information on both sides of the equation is the best way to make sure you’re getting
the best money in the shortest time.


      This post was provided by Realty Austin, specializing luxury properties from
                      downtown Austin condos to Westlake homes.




                       Call today: (800) 704-5432 or (281) 305-9375 or visit us online:
                                 http://www.HoustonMortgageTexas.com




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Description: Build or Buy? Tips to Help you Decide - PrimeLending Houston - When faced with the decision to invest in a piece of property, real estate investors face a bewildering number of attributes to examine and choose between. The most basic decision is between buying a property with a building already on it and building an empty property to build a new structure on. There are several factors involved, but here are a couple of the most basic: