Sydney remains one of the biggest employers in the construction industry in the Australian sub-continent. With over 1,160,700 people employed in 2021 alone, it stands out as one of the best.
In fact, a massive chunk of the employed work in the different project homes in Sydney. That said, it is among the most profitable real estate investments an individual can make. But not many know why.
So here are some reasons why one should choose project homes over other real estate options.
1. Low-cost architect-designed properties
Architects are undoubtedly one of the biggest expenditures when designing a house from the ground up. Architectural guidance costs money. Therefore, most people are unable to afford such a service.
However, project homes present an affordable and, in fact, cheap alternative to them. Well-qualified architects design all project homes. They have well-planned arrangements and establish fully functional spaces – as would be with any architecture-designed space.
Despite that, it is easy on the pockets of anyone looking for a well-designed home.
It can come off a little suspicious how little architect-designed project homes cost. This is possible due to the standardisation across all the homes inside a project home or residential project campus.
All the homes within a project home campus have the same layout. This implies that the architect only presented one design. They were all copied across every single home.
This is convenient since the architect will not have to create a new plan for every home. Instead, each home can have customised furnishings and fittings according to the homeowner’s taste.
3. Investment security
It can seem daunting to invest in project homes since most of them are sold when they are still incomplete. But it is a completely safe investment.
Most project homes in Sydney have a complete showhome that potential purchasers can take a tour of when they decide or plan to buy one of the many. These usually offer a comprehensive idea of the layout and plans of the homes. So, one can determine if one wants to invest in a home without being blindsided.
Plus, real estate is rarely a depreciating asset. Therefore, investing in a project home is usually a no-brainer. One can always sell it off later for a better rate!
4. Common management
One of the complex problems people encounter as standalone homeowners are management. It can be difficult to address maintenance problems like piping, wiring, electrical lines, etc.
Project homes usually have a dedicated management office in the compound itself. If any homeowners face problems, they can approach the management. They offer a quick solution and even have a team of professionals who can help you find a way out of these issues.
Architect homes are a safe and wise investment. This is because they aren’t just low cost, they are also easily customisable and allow one the independence of owning a home without having to worry about most other responsibilities that come with living in one.
One can rely on external management for help; if they have queries, the management can solve them immediately. Additionally, one receives an upscale architect-designed product at a relatively reduced cost.
Thus, considering investing in a project home which is ideal for you and your family might be a fine idea even in the long run.