Mavi Built is Melbourne’s leading luxury townhouse builders in Brunswick, specialising in the construction of architecturally inspired boutique townhouse developments and custom homes.
Have you heard? Townhouses are trending. Whether you’re on the hunt for a townhouse builder to build you an investment property or just an owner-occupier dreaming of maximising your investment, here are the top reasons why building a townhouse is the way to go.
Why Opt For Townhomes?
Townhouses are single-family residences having two floors with the bedrooms upstairs and a living area and kitchen downstairs. They are built in rows, with each townhouse having one to two shared walls with the same row. They are typically governed by some condo or homeowner’s association, with shared costs for communal areas. Each owner is responsible for both the interior and exterior of their townhouse, including the grass, yard, and parking space.
As experienced townhouse builders, we often chat to our owner-occupier clients about the benefits of building a townhouse or duplex on the one block. One key reason is because you can offset your mortgage costs by renting out one half of your property while living in the other. The cost to build is a little higher, of course, to account for the larger space and double the inclusions, but it pays off very quickly when you start to bring in rent. You could even subdivide and sell half!
Any decent townhouse builder will be able to tell you that they offer a better return on investment. This is because you’re not ‘wasting’ so much of the block by leaving it as unused space (i.e. a garden). This means the yield is higher due to the higher square-metre rate.
Make The Right Decision
There are always things to weigh up when considering building any kind of property. It’s a good idea to speak to a few townhouse builders and get a varied perspective to ensure you’re making the right decision. If you are keen to build a townhouse or duplex on your block of land, either for straight out investment purposes or to live in while renting the other dwelling, it’s a great idea to do some research. Check whether townhouse buildings are popular in your preferred suburb and consider the amenities nearby that people who may be attracted to a medium-density living will want close at hand.
A townhouse is an excellent option for people who want a smaller home that blends single-family living with condominium-style. Townhouses are less costly to build than single-family homes, and they offer many of the same benefits of single-family living for the owners. Their unique style and layout mean many townhouses can be built in smaller areas than would accommodate the same number of single-family residences.
