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Of course, it's not always the case. I don't have much insight, but our Arkansas chapter just recolonized. Their alums built them a multi-million dollar house with an excellent location while they were still a colony.
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The house isn't built yet. It's going to run them about 5.4 million dollars, since Don Tyson (SN alumn) gave them 1.7 mill. It is in a great location, HOWEVER it was not built while they were a colony. It is being built as we speak, and will be livable at the start of next year.
As shiner said, new row fraternities are often thought poorly of. Usually nationally if a fraternity is founded after 1900, it is not looked well upon, but there are exceptions (lambda chi, LSU...).