Thinking about subdividing? Not sure if you have the time to manage the process? Turnkey packages (Perth) are a great solution for savvy yet time-poor landowners looking to capitalise on their subdivisible block.
As the name suggests, a turn key package is the name given to complete investment packages. Your builder project manages the entire process from start to finish to deliver you a fully complete, ready built investment property/s that is ready to be rented out.
Traditionally, landowners looking to subdivide and build would need to add the finishing touches themselves, from landscaping to the letterbox. In fact, some builders don’t even include flooring or painting! This scenario usually doesn’t optimise your return on investment, as you can’t start collecting rent until you have personally financed and project managed the completion of the property/s. This time, stress and hassle can all be avoided with a turn key package.
Of course, you do have the option of becoming more involved in the building process. Should you want to help select specifications and the like, a quality builder will encourage your input.
Considering how involved your turn key package builder will be in the quality and profitability of your subdivision, it pays to do your homework. Make sure you are confident in the turnkey process of your builder and ask those important questions upfront, such as ‘is everything included in the one price?’ and ‘will an interior designer ensure stylish interiors?’ While you don’t want to overcapitalise with luxurious designer fittings and expensive colour palates, you’ll still need to be sure that your investment property/s look visually appealing to attract the highest sale price or rental return possible.
Searching for quality turnkey packages? Perth-based builder Summit Projects is the local expert in ready built investments. As part of the esteemed Summit Group, Summit Projects has the resources, expertise and experience to deliver your complete investment package to the highest of standards. In addition to project managing the entire building process, they are also able to help source land should you not already have a homesite to subdivide.
As one satisfied customer stated, “We were pleased that on Summit Project’s recommendation, we had gone for a complete 'turnkey' package as the look and feel of the units were favourably commented upon by the selling agent and by the buyers - a strong factor in their quick sale.”
Find out more about how a turnkey package can benefit your development by contacting Summit Projects today.
Disclaimer: The information within this article is general information only and it does not constitute advice or recommendation. It does not take into account your financial situation, investment objectives or personal circumstances. Before making a decision about developing your property, you should seek independent financial, legal and taxation advice.