I've been sitting on cash for half the year now that was earmarked for a REI purchase. One deal fell through, and then I've gone through a bit of analysis paralysis.
Where I'm currently stuck is on what house to buy based on year constructed. One company I've looked into has both used and newly constructed inventory. Both use the same materials for floor, paint, roof, etc, and the properties that they acquire to rehab and resell are pretty thoroughly repaired (new water heater, roof, floors, plumbing fixtures, paint, landscaping, etc).
The type of property I'm looking to buy is in B+ to A+ neighborhoods. If I can get a new house in an A neighborhood (granted a new development so probably lacking some subtle established community feel and proximity to the core of the city) or a renovated house in an A+ neighborhood for similar price and cap rates, is the no brainer choice to by the new house? Or, do I open an unknown can of worms with systems that could go kaput shortly after the 1 year home warranty (PEX brakes, electrical issues, foundation issues) since it's a new development and the kinks haven't been worked out over 40+ years?