Turnkey or Turkey?
To the uninitiated investor, some of the marketing material provided by some builders looks pretty enticing. But when land prices and house & land package prices seem too good to be true then the internal alarm bells should start ringing!
Life is full of perilous small print and the journey into property investment is no different, what appears to be great value or even a bargain can be fraught with hidden costs.
Have you ever seen a completed house where the occupants have moved in yet it doesn’t quite appear complete? I’m guessing the turf, landscaping and even the driveway were not in the original quote, and overlooked in - you guessed it - the small print.
Let’s start from the initial glossy brochure. Does the ‘too good to be true’ quote include site works? If not add up to $40,000 if something hard is struck or the land is sloped. Driveways seem to be optional in a lot of quotes too, we don’t understand this, what’s the point of a dream double garage that can only be accessed by a 4x4!
The list goes on! Light fittings, blinds, floors, finishes… and don’t think that the house they showcase is their standard fare, no this is normally fully optioned and costs up to 30% more to construct.
You need a full turnkey quote when you build a home, so that there really is no more to pay as site costs, blinds, floor coverings, lawn, fences and even the letterbox are included.
The point is this, Oliver Myers Real Estate work with builders who build full turnkey investments with ZERO additional cost or nasty surprises, builders who have the upgrades and all the important elements in the build contract and not in the small print.
Choose wisely. Buy a Turnkey.
Don’t buy a Turkey......they will gobble up even more of your hard earned cash!
Text and image used with permission
Tony took his time to meet my requirements
When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.
Nothing but wonderful!
My venture into my first home on the coast was made easy by the support from Tony and his team. They were nothing but wonderful!
Willing to go the extra mile
Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.
- Roger Smith
Making Life Easy for us Landlords!
Tony and his team assisted us in buying a new off-the-plan home for investment purposes. We were given plenty of information on the location and trends in the area, and the types of properties that were popular with tenants. Tony has many trusted contacts in real estate and associated industries, and referred us to a quantity surveyor who has helped us claim a lot more depreciation than we thought we could, and to a great property manager that is making our life easy for us as landlords. It’s been a very successful relationship!