Why even experienced property buyers and builders should use a broker

Whether you’re a first-time investor, or a seasoned property investor, building a new home rather than an established home is a great investment choice. And buying a house in Perth offers lots of opportunities.

A recent survey by Momentum Wealth showed that two out of five investors planning to purchase a home in the next year named Western Australia their preferred market, with Perth offering substantial market value. 

While many investors think buying an investment property is less emotional, making it easier to make a sound investment choice, using a building broker can actually be more essential than ever. A broker can make sure you get you the best deal possible for your investment property. 

Building brokers work like a buyers agent, offering help with new builds rather than established homes. They can guide you on everything you need to know about building a new investment property so that you can maximise your investment returns. 

How a new build can save you money

Building a new home in WA is a sound investment choice. Here are some savings you can access when building a new property as an investment: 

Upfront savings

Buying ‘off the plan’ means you only pay stamp duty on the land’s value, not the total purchase value. You can use these savings to reinvest in your property, such as upgrading your kitchen or bathroom or researching additional value items that appeal to renters. 

Reduce ongoing maintenance

Building an investment property can help you reduce ongoing maintenance costs common in older, established homes. For example, you won’t have to worry about purchasing a new hot water system or installing a new oven in a brand-new home. Best of all, many new investment property items include built-in warranties.

Overall savings

Using a building broker means you don’t overpay for anything. With the right advice and guidance, it’s easy to source items cheaper after handover to save you paying builder mark-ups. Securing the right builder for your investment can end up saving you thousands.

How a building broker can help you

A building broker can help you select the right builder, check your building contracts, and choose the best construction methods for your investment property. Other benefits for investors include:

Time savings

A building broker can help you search for the right land, choose the best design, manage inspections during the build, and undertake all the due diligence to save you time.

Buying interstate

If you’re buying from outside WA, a building broker can provide details about the different building rules in WA. Often, regulations can differ between states, meaning even if you’re knowledgeable in your home state, there may be things you haven’t considered. 

Improve your options

Using a building broker gives you access to all the properties available for sale, including on and off-market. Brokers have access to an extensive builder network with established relationships, giving you have an extra advantage when searching for the right property. 

Benefit of experience

An experienced building broker knows what red flags to look out for in a building project or when dealing with a builder. They’re experienced with counter offers and know all the industry jargon of builders’ sales agents. 

The average Australian investor or homebuyer purchases around five or six properties over their lifetime. In contrast, an experienced building broker purchases 50 or 60 properties per year. This equates to thousands of properties inspected, hours of negotiating with builders and agents, and reviewing numerous building contracts.

Seasoned negotiators

Building brokers are skilled negotiators. They know if the asking price is fair and can provide you with expert advice based on current market conditions. Working with a broker means they’ll negotiate on your behalf to get you the best deal. 

Alignment with your investment goals

Although investing in property can be simple, finding the right property to meet your investment goals isn’t always so easy. Seeking advice from a trusted and knowledgeable expert can help ensure that you find a property that aligns with your investment strategy. 

Less stress

Using a professional during the property buying process can help to reduce the stress of building a new home. They’ll offer sound advice and access to an extensive network of real estate professionals to help guide you through the process. A broker can recommend trusted building inspectors, solicitors and lenders to save you the hassle of searching. 

Building a new home often means lots of paperwork. A building broker can help you understand the different terms used with building contracts to ensure you know exactly what you’re signing. 

Why choose Better Way 2 Build

At Better Way 2 Build, our team knows the building industry inside out. We work to find the right builder for your needs, so you end up with a property that meets your investment goals. Because we’re independent, we advocate for you every step of the way so you get the best deal for your investment property, at no additional fee.

All of our brokers are local, meaning we’re on the ground to help keep your build on track, find a reputable rental agent or manage builder disputes. We also offer in-house finance with a range of finance options.

At Better Way 2 Build, we offer guidance on investment opportunities in and around Perth. Our values-driven approach and our experience mean we can:

  • recommend high-growth suburbs in areas that appeal to renters 
  • manage your day-to-day build
  • ensure your property’s finished to a high standard 
  • help you find a reputable real estate agent
  • ensure your property is ready to rent on completion, including landscaping and all the things tenants expect in a rental property

Investment property Perth

Not all building brokers work on your behalf, but at Better Way 2 Build, we work as your buyer advocate to get you the best outcome for your investment property. We’d love to hear from you to see how we can help. Simply complete our online form or call us on 0861186119.

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