Property experts reveal the biggest pitfalls to avoid with new build investments

Building an investment property needs to make financial sense. Picture: Getty Looking to invest in a new property? Since the government announced its massive overhaul of property taxes, new developments may well be on the radar for some investors, however, while new builds come with plenty of tax benefits, they don’t always add up to a sound investment decision. So what should you look for when investing in new property? Propell Property managing director Michael Pell is no stranger to building investment properties. Not only has his business specialised in helping clients with their own builds for the past 10 years, he has also completed his own. He says the vast majority of investors choose the established property route over building new. His research has found that the most common fears around building an investment are that the cost might blow out, the builder might go broke and that it might not be built in time. However, there are ways to mitigate these risks, he says. There are ways to mitigate the risk when building an investment property. Picture: Getty CHOOSING A BUILDER When choosing a builder, it’s important to choose one with a good track record of finishing projects ...