Property investment usually involves some kind of gamble for the investor. We are hostage to cycles of upswings and dips in the market—unless, of course, a developer is able to guarantee an immediate return on investment. This is the case for a small group of luxury model homes built by developer Brookfield Residential as part of the company’s Model Investment Program.
Brookfield Residential has built ten single-family homes in both Virginia (Bristow, Ashburn, Stafford and Stephenson) and Maryland (Gambrills). The homes measure at between 2,500 and 5,000 square feet and feature as many as 6 bedrooms. As models, these homes have been turned into works of interior-design art and feature an abundance of upgrades—like added rooms, upgraded appliances and finishes, wall coverings and window treatments, all curated by an interior designer—in order to showcase the community’s offerings. These homes are loaded, and they're priced to sell, too.
This is how it works: Using a Brookfield-approved lender, investors can buy one of eight remaining homes at an extremely competitive price with up to $10,000 covered in closing costs. Then, Brookfield Residential rents the property back from the investor at a monthly sum that exceeds the mortgage rate. That home is shown as a model property for the community and is professionally maintained inside and out by Brookfield until returned to the investor.
The majority of Brookfield Residential’s model homes are located less than an hour from DC. All are located close to major commuter routes, with easy access to the VRE train, Metro’s Silver Line, or to routes 66, 95 or 495.
In addition to in-home luxuries, every property owner also has access to a variety of community amenities, such as fitness centers, pools, indoor sports clubs, splash parks, playgrounds and walking trails.
This article originally published at http://dc.urbanturf.com/articles/blog/luxury_model_home_investments_from_brookfield_residential/9165
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