Quick answer
A lease-up can offer fresh finishes, newer systems, strong concessions and a wider choice of floors, views and floor plans before the building fills. You may also be among the first residents to use the amenities. The tradeoff is uncertainty: management routines are still forming, construction or amenity work may continue and there may be little resident review history. Grant likes new properties, but he still checks the execution.
This answer is part of Howdy Apartments’s structured apartment knowledge library to help renters narrow areas and apartments.