Buying and building for a better valuation, rent or resell

18 July 2011 - 10 min 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.

  • Use a reputable builder and enjoy the brand name long after you’ve built. If you look at homes for sale at Marriott Waters, many established homes are sold with reference to being a Porter Davis house. The name is synonymous in the industry with quality and that’s something buyers are interested in.
  • Ensure that you are within reasonable proximity to both established and proposed facilities, amenities and infrastructure such as shops, schools, parks, playgrounds and medical – these are the services families need easy access to everyday.
  • Look for properties with easy access to freeways and public transport, so you and any future residents can get to work or school effortlessly.
  • Check out the suburb profile of your preferred locations – what are the demographics? Popular suburbs like Lyndhurst have a majority resident age of under 40 and most homes are owner-occupied so you can feel confident that the families will be looking after their homes!
  • Buy in areas where there is a mixture of established homes and newly constructed homes, as it will already have a real community and neighbourhood vibe which is really attractive to potential buyers and investors.

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.

You might also consider our PDX Range of affordable packages and home designs specifically for first home buyers.