Turnkey investment properties, turnkey homes and turnkey house and land packages are popular searches that smart property investors use when looking for new investment opportunities. Why? Because they are well aware of what to look for in an investment property.
They look for the type of house or unit that will provide them with a high ROI, minimal risk and no headaches in the process.
Your decision to buy a brand new move in ready home is definitely one of the best rental investment options you will make for several key reasons.
What Are Turnkey Investment Properties?
Turnkey investment properties are typically; either brand new move in ready house and land package homes, or established homes that have been fully renovated allowing for the investor to buy the home and rent it out immediately.
What’s Typically Included in a Brand New Turnkey Home?
When looking to buy turnkey rental properties, it’s important to ensure that the package you are considering is indeed a full turnkey package as the term can sometimes be subjective. Make sure that the property has everything that you would expect to be included— read over the property inclusions, terms, conditions and ask questions if uncertain.
Generally, items like turf, fencing, driveway, mailbox, clothesline, flooring and window coverings are included. (But do check as areas, builders and packages can differ). Keep in mind that there are also variations offered by means of standard, mid-range or luxury inclusions.
The key rental investment advantages with a turnkey home is that they require absolutely zero additions when completed, meaning that the tenant can move in straight away.
Which Make Better Rental Investment Properties? New Turnkey Homes or Existing Homes?
When buying an investment property to rent out, there is a bit of conflicting advice as to which option is best— the new turnkey house and land package or an existing home that’s been totally renovated?
Established homes do make good rental investment properties, especially those that have been renovated with no maintenance required or are only a few years old. Many professional property investors that we deal with look to full turnkey package homes as their go-to smart investment property strategy since the house is brand new and falls under a full builder warranty.
We believe that turnkey investment properties provide the best investment solution for investors for several reasons including:
• Equity Uplift via Building
• Builder Warranty
• Builder 12 Months Maintenance Period
• Less Maintenance Requirements
• Higher rental return / yield
• Higher Resale Value
• Greater Tax Depreciation Benefits
• Higher Demand Emerging Demographics
Hervey Bay: One of the Best Places for Real Estate Investment
Why buy an investment property in Hervey Bay? Hervey Bay is one of the fastest growing regions in Australia. The current population is about 52,000 and is expected to exceed 102,000 by 2026. Imagine how many new dwellings will need to be built to accommodate the influx of people to the coastal city. There has been substantial expansion in the Nikenbah – Dundowran corridors and outer fringes of Hervey Bay. What’s the main reason behind the rapid growth in population? “Affordability is seen as a major driver for population growth with particular focus on the coastal lifestyle”.
Statistics also reveal that the coastal city has seen steady economic growth, good infrastructure and demographics that ensure new homes in the area will perform to high standards and maximise rental returns. There is always a steady demand for quality properties to rent in the region with thousands of new homes built over the last few years in various new housing estates. There will continue to be an ever growing demand for quality rental properties as more people choose to call Hervey Bay home.
Urangan, Kawungan and Eli Waters are highly sought after residential suburbs offering great lifestyle choices to young and old alike. The newly master planned neighbourhoods are a short drive to the gorgeous beaches of Hervey Bay as well as restaurants, cafes, parks and bike-paths. They’ve also considered necessities like shops, schools, medical, transport, community centres and so on.
Recapping, a brand new move in ready home means not having to waste time fixing or adding things but instead being able to rent the house out straight away. And there are no added or hidden costs. Let’s be honest— the best real estate rental properties are those without nasty surprises and/or problems!
Total Turnkey Rental Properties 100% Fixed Price Guarantee No Hidden Costs
We guarantee a 100% fixed price with no hidden surprises on all our Hervey Bay turnkey homes. The homes have absolutely everything needed to attract quality tenants to their new home. They can literally turn the key and move in!
If you’d like to know more about the new turnkey homes we currently have available; take a look at our New House and Land Packages . Get in touch to arrange an inspection of the properties at your convenience. We’re here to help.
And a quick word about choosing a rental agency to handle your new rental home— not all rental agencies operate equally. We strongly advise that you ask around for recommendations when it comes to choosing one that will look after your rental property as if it were their very own. We’d be happy to provide you with our recommendations.