New construction home projects in South Carolina can be a fantastic opportunity for knowledgeable real estate investors. This month, we're excited to feature a completed build of a modern farmhouse in Clover, SC.
This investment property was constructed on over an acre's worth of land on a private street. This home builder executed this real estate project in just 12 months. Fund That Flip was there to help the borrower turn a piece of land into a beautiful and modern new house with the help of a new construction loan.
Check out the video below to see how the final product of this Clover, South Carolina property. The real estate investor took their time to ensure this new home would be a modern masterpiece.
The home builder seized their opportunity to turn a profit on this new construction project. This home features a spacious kitchen with brand new, stainless steel appliances, hardwood floors, a main-level master suite, three upstairs bedrooms, and a flex room on each floor! The home is located in an exciting, country setting in Irongate Farms, with walking trails, a pond, and a horse pasture all within walking distance.
4 Stats You Need To Know for New Construction Homes in South Carolina
According to Neighborhood Scout, building houses in South Carolina can be a profitable experience with proper knowledge of the local market. A few pieces of information that will be helpful to you before you begin constructing a home in SC:
- Median home value in the state of South Carolina is $177,396. In Clover, the median value is $189,285.
- Homeownership rate in South Carolina is 67%.
- Only 26% of homes in South Carolina were built after the year 2000.
- 48.7% of houses in South Carolina have 3 bedrooms.
Are You Interested in New Construction Homes in South Carolina?
Looking for an alternative to stocks? Real estate investing can earn 9+% annual returns on pre-vetted, low LTV, real estate-secured loans. Fund That Flip offers industry-leading visibility into each project, enabling investors to be highly selective in the loans they choose to fund. Click below to make an investment today!