Benefits of building your own investment property

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

Pros and cons of building an investment property

We'll go over the pros and cons of buying vs building an investment property and how you can get the right loan when you're ready to begin construction.

VIEW ARTICLE

Building an investment property: house vs apartment vs townhouse

Should you build a house, apartment or townhouse? Find out which type of property best suits your investment goals.

VIEW ARTICLE

7 things to consider when building an investment property

Are you building your next investment property from the ground up? Try to keep the following seven things in mind.

VIEW ARTICLE