There are no additional risks to buy new construction. You could inspect it just like any resell. Of course, most new construction buyers don't do an inspection and instead depend on the builder's reputation and warranty.... more
I'm not sure what specific information you're looking for, but these are existing units that have been converted into condos. Some of the units are already available for sale. A loft 1br/1ba starts at $365K, and they go up to in the $800K range. I strongly suggest that you have a realtor - buyer's agent represent you if you want to go look at the units, even just out of curiosity. (once you go in once, they don't allow you to be represented). Without any cost to you, that is the best way to ensure you have someone negotiating specifically on your behalf.
If you're interested in seeing them online, you can link through on my website.
As to whether it's a good investment, well that depends on your investment strategy. You would need to be gambling on a demand for this type of housing increasing. With four other developments slated to begin in downtown Sacramento, that might not be a great bet. As Robert Kiyosaki says in his book 'Rich Dad Poor Dad', you make your money when you buy, not when you sell. Personally, I think it's only a good investment if it meets your personal homeownership requirements, and then it's really not as much an investment as a lifestyle choice. Hope that helps...... more
I cannot exactly answer your question but I do agree that news media never seem to report what we want to see. Remember, you can always contact the editor or these papers or local television stations. I do and sometimes it works.
Jeff Fox, Broker... more