Houses are typically far enough away from the hustle-and-bustle of the inner city that its residents enjoy a quiet atmosphere, close-knit community and surrounding natural attractions like the beach, river or national park. With a larger footprint, a well-designed house must be built for its location. This includes the evolving needs of its residents as they transition from couple, to family, to empty nesters.
Should I add a house & land to my portfolio?
Many architects are designing new houses with multiple living spaces to accommodate growing families and children that stay at home for longer. For investors, houses are typically more expensive than apartments and townhouses, but experience slightly higher capital growth. They attract a different type of tenant and are a cornerstone of a well-diversified property portfolio.