Investing in rental properties is an excellent way to build wealth, but choosing the right type of property can make a huge difference. Should you go for older properties with character or newer builds with fewer maintenance concerns?
In our recent podcast on The Real Estate Guys Radio Show, I dive into this debate, breaking down the advantages and potential drawbacks of both options.
Key Points to Consider:
- Older Properties:
- Pros: Often located in established neighborhoods with higher tenant demand.
- Cons: Higher maintenance costs and the potential for unexpected repairs.
- Newer Properties:
- Pros: Lower maintenance, modern amenities, and built with energy efficiency in mind.
- Cons: Often found in emerging or less-established neighborhoods.
Ultimately, your choice should align with your long-term investment strategy and goals.
For more details on this topic and to listen to the full episode, check out the podcast blog post here.
If you’re considering adding rental properties to your portfolio, I’d be happy to discuss the best strategies for you. Let’s connect!
Best,
Jim Sheils
Southern Impression Homes
