July 18, 2011 10min read
When you’re buying a block of land and building a new home or investing in any property, it’s a good idea to think about if and when you might consider selling it.
While you might not be considering selling your brand new home for a long time, a property that holds or increases its value can also be your key to expanding your property portfolio – giving you the financial leverage to invest again.
If you’re an investor, the same factors that make a good exit strategy can also help you attract ideal tenants.
Buy a property where the developer has put time and effort into creating a beautiful streetscape – it will immediately feel like a nice place to live and that’s a massive asset because it will be easy to resell or rent when the time comes. People will want to live here, just like you do!
Look at estates that have dedicated green zones – parks, wetlands, reserves, cycling and walking paths – if you enjoy using them, chances are so will someone else looking to buy in the area.
These are the elements popular with those looking to buy or rent, so if you build a new home in a location that offers some of these attributes, either established or proposed, you can be confident that your property has the best chance of resale or renting.
Marriott Waters is a fantastic example as it ticks many of these boxes and property prices remain strong even in a soft market.