Investing in Brand New Property
Brand-new property refers to any piece of real estate that has never before been used as residential real estate. While some new builds can be constructed on existing land, others must be constructed from the ground up based on exact buyer specifications – making new properties often more expensive than established ones and more challenging for first-time buyers to afford. However, investing in new property may prove more financially sound when considering tax benefits. Investors who purchase new properties can claim depreciation deductions on all plant and equipment assets as well as the building itself – something second hand property investors cannot claim against their annual expenses. Buyers of new property may also qualify for government grants and incentives not […]
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