Why New Homes are the Future of Property Investment

Why New Homes are the Future of Property Investment

Chancellor Phillip Hammond recently stated that England needs 300,000 new homes each year. Whilst there has been some debate around this figure, the building of new properties does come with significant benefits, and not just for those who live in them.

Large claims such as the Chancellor’s often need to be taken with a pinch of salt. For example, some have argued that there are other factors to take into account, whilst others say that the above figure could be higher or lower. However, whilst a statement such as this can be hard to verify on a national level, it can certainly apply to smaller regions. In our case, we believe that the building of new homes in Hull is a necessary and effective means of giving the city what it needs to grow and evolve.

Put simply, there are a lot of properties in Hull that have seen better days, to the extent that they’ve become practically uninhabitable. This is why so many areas of the city are undergoing redevelopment, such as the city centre, and swift expansion, such as Kingswood. Even the nearby market town of Beverley has seen a huge increase in new homes over the last few years, not to mention some of the surrounding villages whose boundaries are slowly creeping closer to their neighbouring urban hub.

Of course, certain areas of the city will continue to be identifiable by their grand Victorian homes and twentieth century terraces, but the future is equally dependent on the addition of stylish new apartments that tick all of the boxes for modern living. For example, accessibility to the city centre and key business areas is paramount for many young professionals, whether they’re based here long-term or living in the city for a few years whilst working at large sites such as Siemens, Arco, Ideal Standard and RB.

On top of being within a stone’s throw of work and amenities, many people these days want to be assured that their home won’t come with unwelcome surprises. Even the most attractive older properties often pose a risk of damp, subsidence, insufficient doors and windows, infestations, safety and security, leaking roofs and hazardous materials such as asbestos, plus relatively small annoyances like draughts and uneven floors. The majority of these structural problems also affect the environmental rating of a property, which can put potential residents off due to greater running costs and a feeling that they’re not doing their bit to keep the planet healthy.

All of the above combine to make new apartments an extremely appealing option, and not just for people in their twenties and thirties. The peace of mind that your home is safe and secure, properly maintained, built to the highest standards and within easy reach of shops, green spaces, cultural attractions and transport links is a growing desire for residents of all ages. This makes Prople’s brand new homes a no-brainer for those who want to rent them, and equally obvious to those who wish to invest in a lucrative crowdfunding property project that guarantees 8% returns after three years.

To find out how you can get involved in property investment for as little as £2,000, contact our team today on 01482 215990 or email hello@proplecrowd.com

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