Every real estate investor is in a bid to find the ideal home investment plan. Most tend to rush to pre-existing apartment developments or houses. They forget or brush of the idea of having a house and land package. A new home has numerous investment benefits than one could imagine. You not only get tenants who are willing to pay extra but also get amazing locations. If you are yet to consider this investment, you are missing out. Below are some remarkable reasons why the house, as well as land packages, makes up the most considerable investment.
Stamp duty savings
While investing in this package, you only pay for stamp duty on the land element. There’s no funding for the building component, which could have cost you extra thousands. Its because the house is yet to become built. Get a chance to enjoy a huge chunk of your saving which you might use to develop your land further while building homes.
Choose your design
Once you purchase this package, you get to get customized house designs. These designs will become based on your taste as well as preferences. You get to design the houses with the tenant in mind. You can choose the cheapest house and land packages to start the construction process. It’s a chance to have personalized layouts that make your homes attractive in the real estate industry. It’s a chance to get clients booking in advance even before the completion of a given project. As they get assured of unique house designs that will leave everyone in awe.
The brand new homes attract better tenants
Tenants prefer brand built homes over pre-existing. They are aware that will each building comes with the latest state of the art facilities. It’s an opportunity to get better and long term tenants. These new homes offer convenience that their predecessors lack. With the latest cutting-edge housing technology, you can quickly charge a premium. Thus. It’s a great way to get high returns on investments.
Depreciation benefits are quite noticeable in a brand-new home. Therefore, they shouldn’t get brushed off at any time. In such a home, the tax deductions can get claimed. It applies to each depreciable asset, including the cost of the building’s construction. Other items that get affected include fittings as well as fixtures. You need to be in constant consultation with professionals who will show you how to gain from it.
Low maintenance cost
The cost of maintaining a new building is far while comparing to a pre-existing one. There are no nasty surprises such as broken sewage pipes, faulty wiring, among others. A new home comes with a structural warranty. It’s a significant piece because an investment property requires regular upkeep as well as maintenance. Modern homes have lower maintenance cost thus you get to maintain their value over a more extended period. These reasons are why it’s worth to have a look at house and land package investment. To get the cheapest house and land packages, you ought to look at the location, economic status of the region as well as the surrounding infrastructure. You need to find the perfect package for sale to reap huge benefits.