Looking at investing in property?
While looking towards buying an existing home is often the default strategy, house and land packages are surging into calculations as worthy investment property material.
According to Chris Hopkin, Sales Manager of New Generation Homes, there are many great benefits of investing in new homes. “Perth investors often forget that because the house hasn’t been built yet, you only pay stamp duty on the lot with a house and land package,” explained Mr Hopkin. “You could potentially save thousands on stamp duty with a new build.”
Speaking of tax, deductions can be claimed for depreciable assets when you build new as an investment property. “You can claim things like the construction cost of the building itself, or even the fixtures and fittings,” claimed Mr Hopkin.
House and land packages also give you the ability to design your home to maximise its appeal. “Investors like the flexibility that house and land packages offer,” said Mr Hopkin. “Unlike existing homes, you can maximise the home’s rent appeal by tailoring the design to your ideal tenant, be it families, FIFOs, singles – whatever.”
As an investor, another thing to consider is the quality of tenant you’re attracting. “New homes offer modern conveniences that make day to day life comfortable,” explained Mr Hopkin. “Often good tenants will pay more to live in a higher standard home, giving you higher returns for your investment and an increased likelihood your property will be properly cared for.”
And let’s not forget that a house and land package helps cut down on maintenance - one of the main costs (and hassles) of having an investment property. “A builder’s guarantee usually lasts up to five years, and covers fixture and fittings,” explained Mr Hopkins. “So not only will you free your time and money up by not having to fork out for constant repairs, you’ll know your investment property will retain its value for longer.”
New Generation Homes – the best value new homes (Perth) for investment properties
Convinced that a house and land package will make your perfect investment property? Talk to one of our New Generation Homes house and land specialists today. As part of the renowned Summit Group and builders of quality homes for WA families for over three decades, New Generation Homes have established excellent relationships with developers, meaning they have access to land in superb locations for investment properties.
To view our entire range of innovative new home designs, click here.
Trust New Generation Homes to maximise the potential of your investment property and call us today 6555 7548 now.