Townhouse builders: the smart investment option
Have you heard? Townhouses are trending. Whether you’re on the hunt for a townhouse builder to build you an investment property or just an owner occupier dreaming of maximising your investment, here are the top reasons why building a townhouse is the way to go.
Live in one rent out the other
As experienced townhouse builders, we often chat to our owner occupier clients about the benefits of building a townhouse or duplex on the one block. One key reason is because you can offset your mortgage costs by renting out one half of your property while living in the other. The cost to build is a little higher, of course, to account for the larger space and double the inclusions, but it pays off very quickly when you start to bring in rent. You could even sub-divide and sell half!
Townhouse builders will double your investment return
Two properties on the one piece of land? We don’t have to spell out for you that this will equate to a better return!
We’ve been building townhouses and custom houses for a long time and one thing we’ve noticed is that more and more people are opting for low maintenance homes. People are busy and not always looking for masses of backyard space that only requires regular upkeep.
Better return on investment
Any decent townhouse builder will be able to tell you that they offer a better return on investment. This is because you’re not ‘wasting’ so much of the block by leaving it as unused space (i.e. a garden). This means the yield is higher due to the higher square-metre rate.
So, are there any downsides?
There are always things to weigh up when considering building any kind of property. It’s a good idea to speak to a few townhouse builders and get a varied perspective to ensure you’re making the right decision. If you are keen to build a townhouse or duplex on your block of land, either for straight out investment purposes or to live in while renting the other dwelling, it’s a great idea to do some research. Check whether townhouse buildings are popular in your preferred suburb and consider the amenities nearby that people who may be attracted to medium density living will want close at hand.
Preferred Homes are your go-to Gold Coast townhouse builders. Check out what we offer if you’re considering a townhouse or duplex design.