Is Building a 2 Storey House in Perth a Good Investment?
Perth is one of the most liveable cities in Australia with a significant and growing number of modern two-storey homes. If you're considering building a 2 storey house in Perth, there are a few things you need to take into account.
In this blog post, we'll break down the pros and cons of building a 2 storey home in Perth so that you can make an informed decision about whether or not it's the right choice for you.
Why Building a Two Storey Home in Perth Could be a Good Investment
There are a few reasons why building a 2 storey house in Perth could be a good investment. First, as Perth continues to grow and develop, land values generally increase. Of course the market can have ups and downs, and can be affected by unforeseen events (such as a pandemic). But if you were to take a long term view, over a large number of years, it is safe to say property in Perth has been a solid investment.
Second, two-storey homes tend to be more luxurious, or at least perceived by buyers as being more luxurious, than their single-storey counterparts and can thus command higher rents or resale values. This is ideal if you're looking to generate rental income from your property or plan to sell in the future.
Some Drawbacks of Building a 2 Storey Home in Perth
Of course, there are also a few drawbacks to building a 2 storey house in Perth. The most significant of these is the increased time and cost of construction. Two-storey homes require more materials and labor to build, which means they generally take longer to build than and single storey home and most likely will come with a higher price tag than a single storey home of the same standard of quality.
Additionally, there's also the issue of compliance. In Perth, all new houses must comply with strict energy efficiency standards set by the government. This means that your 2 storey home will need to meet certain criteria in order to be approved for construction. However the same rules apply for building a single storey home in Perth.
As with any major decision, there are pros and cons to building a 2 storey house in Perth. However, it is totally dependent on your unique circumstances and what you are looking for in building a 2 storey home in Perth.
The one thing we will say, judging by our track record of happy clients, is that if you entrust Novus to build your two storey home in Perth, chances are…you won't be disappointed with the result!