It is our mission to locate Investments for our clients that will maximize profits, while minimizing risk and costs associated with real estate investing. We have found that brand new homes in nice, suburban neighborhoods help us achieve our mission. The communities we invest in have some of the best schools in the State of Texas. We continually analyze the marketplace to ensure that your investment provides you a great return with as little risk as possible.
We believe the best residential opportunities for investors can be found in new homes. Homes in Texas are unbelievably affordable and we negotiate discounts with our builders. The average home bought by our investors is 2000 square feet and costs about $160,000. This is an average of $80 per square foot. New rental properties result in higher appreciation, better cash flow, lower repairs and maintenance expenses yet they rent significantly faster than older homes. With the current decline in the property market today, New homes can be picked up for about $67 per square foot on our packaged offer.
Finding a quality builder means fewer repairs down the road and will ensure that your home and the community in which the property is located, hold value. Our builders have excellent reputations and stand behind their craftsmanship with industry leading warranties. Most of the warranties cover the entire home for two years, and they cover the structure of the home for ten years.
Selecting the right floorplan is critical to renting your property quickly. If you invest in too large a home for the area, you could end up waiting 3 months or more to find a tenant. Purchasing too small a home may reduce your cash flow and limit your ability to resell the home down the road. We know exactly what the tenant wants.
Making a choice on what to buy can sometimes be determined by cost. It is however best to buy a property that can easily be rented out. If you were searching for a place to rent, would you rather rent a condo, an apartment, a town home, a duplex, or a new home? The reality is a new home would cost just about $100 more per month than an apartment? Because most renters prefer homes, your rental property will usually rent faster.
As an investor, you try to maximize your cash flow while you hold your property for appreciation. Older homes can result in significant repairs and maintenance costs. We have found that newer homes significantly reduce this expense for the investor resulting in better cash flow and an overall higher return on your investment