Why not Green Frame?
In Georgia, it is a norm to buy it under this condition, because it can save you a lot of money, and if you own a white frame property and want to sell it, you could easily turn it into cash. Firstly, you are purchasing the property 20-30% less than you were if you are to invest a step before the ”ready to move in” status. Georgians prefer to purchase white frame properties as the condition gives you the guaranteed margins to make a profit.
If you were to purchase a black or white frame property with the intention for us to renovate it for you and put it back on the market, we could safely say that your profits are 20% of the invested price. If you purchased a white frame property for 100,000 USD and renovation costs were 20,000 USD. We are likely to sell that apartment of yours for 144,000 USD if not more, in under six months.
Generally from our experience, investors who invest in white frame status apartments either have the intention of living there or renovating to sell them for more. In our Sterling Premium Membership program, the first time ever a brokerage offers this service in Georgia, we are pushing boundaries more than ever, our relationship with our clients has evolved somewhat to a cycle of buying, renovating, and selling with the ultimate aim to achieve ‘flip’ 4 properties per year.