Modern Design and Amenities:

New construction properties should offer modern design elements and amenities that appeal to today’s buyers. Features like open floor plans, energy-efficient appliances, smart home technology, and eco-friendly materials can significantly enhance a property’s attractiveness in the market.

Warranty and Quality Assurance:

Provide buyers with a builder’s warranty that covers construction defects and structural issues. Quality assurance during the construction process is vital to ensure that the property meets high standards. A reputation for quality construction can boost buyer confidence.

Transparent Pricing and Financing Options:

Transparency in pricing and financing options is crucial for sales success. Offer clear pricing structures, incentives, and financing plans. Ensure that buyers understand the costs associated with the purchase, including property taxes, HOA fees, and closing costs.

Pre-Construction Prices

Cash Flow Performa for discussion purposes only

Investment Opportunity: Condo Units for Sale

• Property Description: These condo units are designed to maximize flexibility and investment potential. Each unit consists of two hotel rooms, one with a shower and toilet, and the other with a kitchen, a small kitchen, and a washer and dryer. This unique setup offers multiple usage options for buyers – as a one-bedroom unit, a combination of personal use and rental, or as a pure investment property.
• Purchase Price: The average purchase price for these condo units is approximately $220,000 per unit. For illustrative purposes, let’s consider an example with a $20,000 down payment.
• Financing: Financing options are available for up to $200,000. The interest rate may vary based on usage.

Usage Options:

Option A – Owner-Occupied:

• Interest Rate: If the owner intends to occupy the unit, the interest rate is 8%.
• Monthly Payment: At 8% interest, a $200,000 loan results in a monthly payment of $1,333.
• Maintenance Fee: An estimated maintenance fee of $500 per month.
• Total Cost: The total monthly cost for owner-occupied usage is approximately $1,833.

Option B – Partial Rental and Personal Use:

• Rental Income: If one room is rented, conservatively estimating $400 weekly (approximately $1,600 per month).
• Management Fee: Management company fees of 12-25%, let’s consider 25% ($400).
• Net Rental Income: After fees, the net income is approximately $1,200.
• Total Cost: Subtracting this income from the total monthly cost, the out-of-pocket expense is approximately $633.

Option C – Full Investment and Rental:

• Rental Income: If both rooms are rented, with the same rental estimate of $400 weekly per room (approximately $3,200 per month).
• Management Fee: At 25%, management company fees amount to approximately $800.
• Net Rental Income: After fees, the net income is approximately $2,400.
• Total Cost: Subtracting this income from the total monthly cost, the net monthly return on investment is approximately $577.

Important Note: The calculations above are for discussion purposes only and do not include taxes, tax benefits (such as interest deductions and depreciation), real estate taxes, principal, amortization, and income tax. The figures provided are subject to change based on interest rates, rental income, and other factors. Always consult with a financial advisor for precise investment evaluations.

This investment opportunity offers various usage options with potential returns, and the figures provided are for illustrative purposes.