Over time, house and land packages have risen in popularity amongst people looking forward to settling down with family. The same has been a trend amongst investors across Australia. In fact, in the Housing Industry Association, many of the professional Australian builders such as Porter Davis have acknowledged that investors are turning to house and land deals every day. Different developers come with different deals; some may be attractive while others not. Thus, it all depends on your discernment. If you are looking forward to investing in a house and land package, find a Newcastle builder that is specialized in the same and with a wealth of experience. This article examines some of the very critical issues necessary when looking to make a purchase in house and land deals.
Location is crucial
The first thing to consider in the Oran park house and land packages is the location. This is a very big player in determining the reliability of a property by tenants as a mistake on location can deny you months of rent. Also, look at the features and characteristics of the area. Look at the market need as well. An area that’s flooded with like-minded investors, for example, puts you at a risk of missing out on rent, and thus, you will need to put low rent so that you can also get the divided attention of the tenants. The long term capital growth of the block will be determined by the location as well as the proximity to major urban centers. A property complete with utilities will hike the capital growth potential as you can then charge more rent.
Consider the appreciation value
The investment outlook is of pertinence when investing in any of the Marsden park house and land packages. The appreciation in the value of the property should be of great consideration just like in any other property investment and therefore will need to be assessed. The value of the actual structure of the home should depreciate. Thus it’s crucial that buyers look for properties that promise amazing potential for capital growth and must have the touch of a Eden Brae Homes builder excellent in his work. Additionally, it’s equally important for the investors to think about the scarcity factor of the block too.
Consider Quality and size
Above all, the quality and design of the housing are what pull a customer more to making a purchase or renting. Master planned homes with high quality impressive facilities, standard security and great sense of wellbeing offer an attractive option for tenants. As a result the investors will need to invest very well on the quality of home that they are intending to come up with as well as the Newcastle builder. Additionally, size matters as today the sizes of blocks are continually getting smaller and it would be better if the investor can determine the value on similar developments.
If you are looking forward to purchasing any of the Jordan house and land packages, the above guide will be of great help and information. Might as well, you can also you can visit websites such as http://www.edenbraehomes.com.au/ for more information.