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You may have multiple tenants over the years at varying stages of their family life, so a versatile design where a study can be turned into another bedroom or a second living room could be ideal.
When building or purchasing an investment property you’ll want to take every step possible to ensure you will get the greatest return. Factors that can impact this include:
There are more financial benefits when you build an investment property compared to buying an existing home, including fewer repairs and you’re able to claim depreciation at tax time.
Property can be less volatile when compared to shares or other types of investments.
Property is tangible – you can see exactly what you’re buying.
You are able to rent out the property to gain a second income. If it’s negatively geared you will need to pay the gap between rental income and the mortgage repayments. If it’s positively geared you will have more money in your pocket.
Capital growth – the value of the property may increase over time.
You are able to gain tax benefits for negatively geared properties, depreciation and other expenses that you might have to pay as a landlord.
What to consider
It can be expensive if the property doesn’t have a tenant, if there needs to be any repairs and paying mortgage repayments.
Mortgage repayments can be affected by interest rates, so if there are any increases you may have to pay the difference.
Negative equity – if the value of the property goes down, the property might not be worth what you owe.
Capital gains tax – if the value of the property goes up, when you sell the house you will have to pay tax on the value increase.
It’s best that you speak to a certified financial advisor prior to buying an investment property as they will be able to help establish what would be the best option for you.
The Milestone Range
The Milestone Range is filled with designs perfect for investment properties. These designs are both versatile and practical making them the ideal choice for investors.
With a wide range of designs available including single and double storey, terrace and duplex properties investors are sure to find a home that will suit their needs and help build their property portfolio. Visit hotondo.com.au to find out more to find out more about investing in property.
*Hotondo Homes is not an authorised financial advisor so please seek professional advice prior to buying an investment property.
Essentially a duplex home consists of two separate living quarters and entrances that can cater for two different households, all within one dwelling. Duplexes can be the perfect living arrangement and create substantial financial gain and investment potential.
An investors dream
Duplex homes offer an affordable way to strongly enter the property market and build up your property portfolio. They create the ability to generate two rental incomes whilst owning a single block of land.
Ultimately with a duplex you can get the most out of your land as a two for the price of one situation emerges. You can generate double the return than if you were building one home on the same sized block.
Options and flexibility
With a duplex home you are provided with different opportunities and options to suit your current stage of life. You can live in one and rent out the other, occupy both or rent out both – the choice is completely up to you.
Meet the special requirements of your family
If you have a family member that requires extra care or supervision, or a grandparent or young adult that’s not quite ready to leave the nest, then a duplex could be the answer. This enables you to be close to your loved ones whilst ensuring they can still maintain their independence. You get to preserve your privacy while still having peace of mind and security.
Hotondo Homes has a range of duplex options to consider:
The Aon 265 comes in two different configurations, the courtyard and the garage.
The Halifax is a double storey home that can be used in isolation, turned into a duplex or rearranged in a multiple townhouse development.
For more information on duplex homes, contact Hotondo Homes today at hotondo.com.au
Zoning is the most effective way to utilise space. Separate your desired areas using tiles, floorboards or grass, and create natural boundaries with plants or in-built seating. Zoning provides structure and maximises space.
A beautiful backyard always requires some greenery, but it can take up precious space. So if you can’t go out, why not go up? Using the same principle as a double storey home, save ground space by using your walls and fences to hang plants and décor from.
Having matching tiles or floorboards flow from inside to outside makes you feel as though you are in one giant area. Bifold doors can open it further, and instantly increases the imagined size of both the outside, and inside, of your home.
Matching the colours and textures of your backyard tiles to your home not only looks nice, but makes the area appear bigger. Larger tiles also give the illusion there is more space than what there actually is.
Contact your local Hotondo Homes builder here for more information on utilising space!