Building a New Investment Property

Just think about it. A brand-new home, shiny and clean, with modern spaces and modern fittings that is suitable for modern families has loads of tenant appeal.

With television shows and advertisements working overtime for you promoting the ideal modern home, it’s more than likely you’ll be able to charge premium rent if you’ve built the right home in the right area.

Media rooms, master bedrooms with ensuites and walk-in-wardrobes, outdoor entertaining areas, multiple living rooms, open-plan designs, kitchens with modern appliances, trendy materials and modern colour schemes are all standard in new homes and all in demand.

What is a turnkey package for a house?

Building a new home can be a lot easier than investors might think, especially when it comes to buying a turnkey house-and-land package.

In many ways, this is the most attractive option for investors who don’t want to waste time and money on every little detail. A turnkey package means the house is completed for the investor, and tenant, so all you need to do is “turn the key” and move in.

It includes everything you often hear has been excluded in newly-built homes such as floor coverings, a driveway, landscaping, fencing, blinds, flyscreens and the letterbox.

Often these are excluded so home owners can save money and do it themselves or hire third parties to suit their individual needs. For investors, it’s not personal, so you’ll be able to make decisions based on what’s going to suit the broader market.

Benefits of building your own investment property

Some investors choose to build an investment property because of generally-low vacancy rates, premium rents, good resale value and few to no maintenance costs as everything is under warranty.

Building an investment property from scratch allows you to do your research and tailor the property to the market right from the outset. For instance, you can build the property for dual occupancy so it could house more than one tenant or be subdivided in the future. 

Of course you will need to consider all the usual things when it comes to buying an investment property including working out your costs and choosing the right property manager.

There are many different ways to invest in property. Whether you’re buying your very first investment property or diversifying your property portfolio, building an investment property can be a smart and surprisingly simple way to strengthen your portfolio. Don’t rule building out. It might just deliver the perfect investment property for you.

Recommended reading

Steps to building your first home

Building a new home involves a lot of trust. Trust in yourself to make good decisions and trust in your builder to turn your dream into a reality. 

VIEW ARTICLE

Our building process

Building a home is one of the most daunting but ultimately satisfying things that a person can undertake.

VIEW ARTICLE

Renovation projects to work on during the holidays

We’ve come up with some D.I.Y renovation projects you can do in your free time to be more productive and creative.

VIEW ARTICLE
 
Call us on
13 10 90
or
Request A Call
7am - 7pm, Monday to Friday. AEST