How to choose a Co-Living Property for Investment Purposes … that will get rented
“But how do you know what to look for, when wanting to invest in a Co Living property, you should be asking?“
This is an incredibly important and valid question, every investor should be asking of themselves and anyone wanting to sell them a property.
With CoLiving homes, how do we know what to look for, when we don’t even know what we don’t know about Co-Living to start with?
Guide
How to choose a Co-Living Property by properT network
Purpose
Identify what is the Purpose of your investment?
Budget
Have you a budget in mind or a borrowing capacity you need to work within?
Requirements
What do you want this investment vehicle to achieve for you?
Other Requirements
Are you wanting capital growth?
Yield?
Or a combination of Both Capital Growth + Yield?
Capital Growth
Most investors into residential property investment, usually look for healthy rates of capital growth to suit their investment strategy
A Co-living by properT network and our team of like minded companies we have deliberately surrounded ourselves with, have designed the co-living home to blend in with the family home that is built next door. Thus the capacity for capital growth is maximised. The added number of bedrooms and en-suites will also have a positive impact on future resale values, if you ever choose to sell the home.
Meaning your CoLiving investment property has the exact same chance, if not a stronger one, due to design and being new, of the same capital growth potential as other houses in the same location.
Rental Demand
At properT network, we will only suggest locations that display strong indications of demand from tenants looking for share accommodation, or, fitting the mold of someone looking to rent, who could utilise a single bedroom. As a complete service, our Concierge teams we will introduce you to, needs to be comfortable and confident about the demand in the area … the success of their team relies on it. Another level of risk mitigation for you for your own Co Living Investment Property.
Council Regulations
As part of a rigorous due-diligence and research program, the teams we are working with, Co-living by properT network have identified where you can build a Co-living home, and what planning and construction specifications need to be adhered to, for a Co-living to be compliant in that particular council.
Home Design you do want by proven experience
Bedrooms
3 fully lockable, en-suite bedrooms with additional secured storage allows 3 independent tenants to reside in this highly desirable home. With a variety of floorplans to suit varying land sizes for multiple tenants, a Co-living home by properT network is designed to enhance the way people live together.
The fourth bedroom is used as a second living area for the tenant that does not have a dedicated, lockable garage
Garage
The Double garage does attract a premium in the weekly rental price for 2 of the 3 tenants, adding further yield benefit to your investment.
Design
Tenant feedback is at the heart of the Co-living home design, and this is clearly evidenced in the design outcomes. Having interviewed hundreds of occupants of one-bedroom apartments & shared homes, the Co-living we access for you, it’s design delivers world-class and never seen before accommodation.
Kitchen
The kitchen design and layout provides practical functionality, allowing multiple tenants the ability to cook at any time. With an oversized stone benchtop and seating for 3 people in the kitchen, the kitchen draws tenants together to build a sense of community and belonging.
AND important to a successful CoLiving home, each occupant is afforded a dedicated lockable pantry.
Laundry
The laundry has been designed to improve the day to day liveability of the home, and unlike a typical shared home, has both a washing machine and a dryer for your tenants convenience.
Storage
High on the wish-list for tenants is storage.
Typically a tenant will be forced to rent a small storage facility nearby, however with Co-living by properT network, providing dedicated garages for 2 tenants and an additional living area for the 3rd tenant, we save the tenant money and as a result, increase the longevity of each tenancy.
Further mitigating risk on your behalf for a much needed product Australia wide, being a Co-Living Home.
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