Investors are increasingly drawn to new build townhouses as a more affordable option compared to traditional existing property in NZ’s ever-evolving property market. New build townhouses are either under construction or recently completed properties. In this blog, we’ll discuss the benefits of investing in new build townhouses.
Affordability
One of the biggest advantages of a newbuild townhouse is their affordability. Compared to most traditional existing homes, newbuild townhouses are often more affordable. This makes them a more accessible option for investors who are just starting out, or looking to diversify their investment portfolio.
Higher Return on Investment
New build townhouses often offer a higher return on investment (ROI) compared to other types of residential investments. This is due in part to their lower price point. They’re also normally situated in desirable locations that are amenity rich, making them attractive to tenants. New build townhouses can generate a greater ROI through rental income or property appreciation over time.
Lower Maintenance Costs
New build townhouses are designed and constructed with modern materials and building techniques, meaning they require less maintenance over time. This save you as an investor money on repair/maintenance costs, and provides a more hassle-free investment experience.
Customisation Options
Investing in a new build townhouse can provide the opportunity to customise the design to your preferences. Developers often offer 2-3 colour option schemes for your property if you buy during the construction stage. Customisation options make the property more appealing to potential tenants or buyers and offer a more personalised living experience.
Sustainable and Energy-Efficient Living
New build townhouses are often built with sustainable and energy-efficient features, including high-performance insulation and modern appliances that have good water and power ratings. This can save money on utility bills and also benefit the environment by reducing the property’s carbon footprint.
Safer and More Secure Investment
To ensure security for investors, newbuild properties in NZ must adhere to the latest safety requirements. This could include earthquake resistance or fire safety regulations. Investing in newbuild properties can be less risky than older properties that may not meet current safety standards.
Investing in new builds can provide a range of benefits for investors. Affordability, higher ROIs, lower maintenance costs, customisation options, and sustainability are just a few of may benefits it offers. Contact us today to start your property journey! Make sure to visit our other blogs, or our Instagram, for more advice on investing in newbuild property.
