Invest in Your Own Backyard
Have you considered building an investment property? Do you have one already, but are looking to add another to your portfolio?
We’ve put together 5 simple reasons why building a brand new investment property can be a good idea, and why it can be even easier than you think…
- There’s No Place Like Home
If you already live at Aston Hills, there’s likely a good reason you chose to purchase your home here. Whether you liked having direct access to the freeway, our brand new Shopping Centre, the incredible selection of schools in Mount Barker, our golf club or our mountain bike park… people who are looking to buy an established home or to rent will also like Aston Hills for the same reasons.
Instead of spending time researching a new location, investing in your own backyard is simple because you already know the location like the back of your hand!
What’s more – while you’re building your investment property you will easily be able to inspect the progress on site, and to keep an eye on the property once tenanted.
2. Benefits of Building
Building a brand new investment property can come with advantages that can benefit investors. Once you have a depreciation schedule in place, you might be able to claim depreciation as a tax deduction and often the building itself can be depreciated also. Our Land Consultants will be able to help connect you with the right professionals to get a depreciation schedule prepared.
3. The Complete Package
If building an investment property feels overwhelming or you simply don’t have the time to manage the build, turnkey house and land packages can be a stress-free way to expand your property portfolio. These packages come complete and ready to rent out, with everything from fencing and flooring to landscaping and appliances already finished for you – all your tenant will need to do on moving day is turn the key!
Lanser Living offers turnkey homes at a fixed price, which also gives you certainty with no hidden costs along the way. Our Land Consultant Brad has plenty of information about Lanser Living turnkey homes currently available at Aston Hills.
4. Stamp Duty Savings
Buying a block of land and then building on it not only allows you the freedom to build an investment property that fits your own requirements, it could also save you money! In South Australia there can also be significant savings on stamp duty when you buy vacant land and build as against buying an established home, as you will only need to pay stamp duty on the land component of your investment, and not on the value of the dwelling.
5. Modern Living
A brand new property is appealing to tenants because it will have more modern amenities, brand new appliances and will often incur lower energy bills. Not only will a new home have lower maintenance costs and hassles, tenant will also be more likely to pay a premium and you lower the risk for vacancy periods!
To find out more about building an investment property at Aston Hills, please call our Land Consultant Brad on 0499 799 556.