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Feb 16, 2022

5 Reasons Why House And Land Packages Make Great Investments

Dreaming of the perfect home with four or more bedrooms, a double garage and at least two bathrooms with a big backyard but worried about the mortgage payments?

Our team at Aston Homes is here to help you make the right decisions when it comes to investing in a house and land package. We understand property investment and have helped homeowners and investors for years.

Property investing is easier said than done and is an important decision that should be made with careful consideration. House and land packages are a good investment for home buyers as existing homes are now increasingly expensive to purchase and maintain.

Below are five reasons why house and land packages make great investments:

1. Choose your own design for your investment property

A house and land package can offer you the choice to build an ideal investment property that falls under your investment budget and with the style as well as layout that you’d want in a home.

Making an informed decision about your next property purchase is essential to getting the most out of your investment. By choosing your design for your property, it allows you to be in control of what you’d like your new home to look like and one that you’ll be pleased with as well.

This also means that you’ll have a quality property that’s newly built, which would attract potential tenants who are looking for the most suitable block for them and their families.

Thus, it’s important to consider a house and land package that will not only suit your needs, but also the needs of tenants that you’d want to attract to your property.

2. Potential tenants are attracted to new homes

A newer property is incredibly attractive to new tenants with modern conveniences as opposed to an existing residential property.

Building a new home for new tenants will also ensure that you won’t have many maintenance issues for a while as it’s a new home. This allows your tenants to have privacy as you won’t be dropping in to fix aspects of the property from time to time.

As a landlord, you’d want to keep in mind that having better tenants that want to stay at your property is an advantage in the long run. This would mean that your tenants are happy to stay at your property, which ensures you’ll be able to get rent payments consistently as long as you have good tenants that are sticking around.

Even though they haven’t reached their capital growth compared to an established property, new homes allow you to charge premium rent in order to accumulate higher returns for your property.

 

We strive to build each and every dream home like we were building it for our own families. We primarily build homes across north and west Melbourne. We understand that building a new home is an important investment whether it’s an investment property or a home you’d like to live in.

 

3. Depreciation and tax benefits

House and land packages are the best option in terms of investment tax breaks. In a new home, tax deductions can be claimed for depreciable assets such as the fixtures and fittings in a new property as well as the construction cost of the building.

Considering the deductions and other payments, you can also claim the maximum depreciation allowance when you’re preparing your tax returns because newer homes depreciate much quicker than established homes.

For example, you can claim up to $16,000 if you build a property that costs $250,000 with $30,000 worth of fixtures by claiming for interest, rates and rental management.

4. Savings on stamp duty when you build a house and land package

When you build a new home, the construction and land components are considered separate contracts. You only have to pay stamp duty for the land component in a house and land package.

This is because the house hasn’t been built yet, so you only have to pay for the land component, which can save you a lot of money down the line.

For a house that costs $450,000 you will save approximately $8,000 in paying stamp duty, which is a big saving in comparison to the total upfront costs that you’ll have to consider.

It’s important to know the savings that you can benefit from when investing in real estate. Our team at Aston Homes can guide you through the entire process so you know you’re making the right decision for you.

Just think about how much money you can save with a reduced stamp duty when investing in house and land packages.

5. Requires little to no maintenance

A new property will require little maintenance and lower costs in terms of repairs compared to an already existing property. A new home will come with a builder’s guarantee, which will ensure that the building, fixtures and fittings will be covered by the years stated in the contract that you will sign before your house is built.

The main costs of owning an investment property is maintenance and upkeep. One of the benefits of building a new home is that you won’t have to constantly maintain the property to repair damage.

This is due to higher quality materials and better construction techniques that are used by reputable builders to ensure your home remains strong for years to come and easy to maintain.

House investment checklist

Before you sign the contract, it’s important to consider the following factors:

  • Surrounding infrastructure
  • Good location
  • Employment opportunities
  • Schools and medical centres
  • Lower upfront costs
  • Maximum returns for your investment

By carefully considering each factor, it will help you make the right decision for you when it comes to investing in a house and land package. These factors will ensure that your property investment will be beneficial for years to come.

At Aston Homes, we have a qualified and experienced team that are committed to helping you make smart decisions in real estate and in building your new home.

 

Our team is committed to helping all home buyers, no matter how well they know the process of building a new home. We want to ensure that you have a smooth and easy process from the moment the contract is signed to the moment your house keys are in your hand. 

 

Build your new house and land package in Melbourne with Aston Homes

If you want to invest in a brand new home but don’t know where to begin, our team at Aston Homes can help. We take pride in offering incredibly efficient services when helping first time investors with our house and land packages.

Our team is made up of professionals in the industry and we have years of experience to help you make an informed decision when building your new home.

We’ll be there with you at every step of the journey, from the moment you sign the contract to the moment you’ve got the keys to your newly built dream home.

If you’d like to view the quality of our house and land packages, visit one of our display homes so our staff can assist you. Alternatively, you can contact us through our website or call us on 1300 060 908 so we help you with your property investment goals.

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