Are you considering getting an investment? Are you thinking of renting out a property to make a profit? If so, a Pod is a good option for you. Now is the perfect time to explore the opportunity of using a Pod as your investment. Secondary residences are growing in the market and you sure want to be in the lead.
What is a Pod?
A Pod is a disability-friendly studio, 1 bedroom or 2 bedroom home built in your backyard. It generally could be used as a secondary residence for family members or renting it to an unrelated party as an investment property. Some people use them as an investment for businesses, such as; office space, hot desks, gyms or pilates studios.
Why is The Pod a good investment?
There are different measurements of how a Pod could be a good investment. Just like ordinary homes, Pods have 1 bedroom, 2 bedroom and studio. If you are looking for a property to rent out, the Pod is a great choice. Let’s see why.
INCOME SOURCE
The biggest benefit of owning and renting a Pod is that you can use it to generate income. With a Pod, it could use just a little work to maintain. It’s a winning option for people looking to create passive income or add additional financial stability. In renting out properties like a house or a Pod, it is critical that a thorough tenant screening process is in place to protect yourself and your property. Check their credit history and criminal records to ensure that you are renting it out to the right people.
INVESTMENT ON YOUR LAND
Imagine an investment property that you can build in your backyard. Imagine the selling capacity of that property that will be sold with an income stream and a house. You do not need to look at another location to have an investment, you can have a Pod in your backyard. You can live in a Pod while you are renovating the current residence, you can build a Pod on a fluffy block while you’re waiting for approvals and build to happen on the main residence or you can build a Pod and sell the block with two houses and not just one with the intention to make a profit. There are many ways our clients are building their wealth with a Pod, now with Pods being available in Canberra and outer regions, you can build your income streams and wealth portfolio as well.
INSTANT INVESTMENT
Building a Pod takes shorter time compared to looking for a property or apartment. Some apartments or properties are sold off plan and therefore you have to wait years until it is built, then in most cases, you need to wait for the market to grow in that area to get an increase in the sale value. Save time and start your investment as soon as the Pod is built.
LOW-COST INVESTMENT
You do not need to spend as much as a brand new apartment in a high rise to get a brand new apartment in your backyard. If you have the land, in our opinion you are far better off spending half of what a new apartment costs and getting the same quality finishes and even more appliances then you normally would. You get to own a property investment at a lower cost and increase the value of the current residence.
OPTION TO LIVE IN THE POD
You may find yourself in need of a secondary home in the future. It’s nice to know that you have a Pod for an extended family. We on many occasions have people enquire to put their children in the Pod once they see what they could be living in, they change their minds and the parents end up escaping to the Pod. It’s great for family, yourself or the elderly as it can be adapted with minimal changes to completely comply with today disability regulations.
PROPERTY VALUE
Having an investment on your block adds value to your property. When the time comes that you need to sell your property, you can have a higher appraisal because of the Pod. If you have an unapproved structure on your land it makes it very difficult when it comes time to sell your property and you might not be able to get the price you were hoping for. If you have an approved secondary residence on your block, that is what makes the block a lot more valuable as it can legally be rented out and the block itself can be sold without complications.
If you have any questions about how an investment can work on your property please send us an enquiry and contact us through our web form and we will get back to you within 48 hours or:
sales@thepodcanberra.com.au | 1300 THE POD