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