There are a number of different scenarios and property development options which may be available to you. With the expert guidance and advice from the i-develop consultants you’ll be able to assess which is the most appropriate and achievable for your situation.
The team at i-develop will guide you from the initial discussions all the way through to the finished product. Outlined below are some examples of property developments which you may be able to undertake:
The expert i-develop team have the capability of producing feasibility studies on each of the different scenarios which may be open to you for your block of land. This involves analysing all of the different options and undertaking both quantitative and qualitative studies of each. This means that you will be able to make a well-informed decision on any development option prior to undertaking it.
Land Subdivision and block-splits
Your property may be eligible to subdivided. This could be as simple as creating one additional block, or redesigning the whole sight and creating a number of blocks. Each situation will differ and will need to be assessed by an expert i-develop consultant to establish the maximum profit potential of the site. If you are looking at remaining in your house, you will need to take into consideration how your lifestyle and property layout will be after the subdivision and proceed accordingly.
Development Applications for Townhouses
There are a number of different options which may be available with townhouse developments. You may be able to build a couple of townhouses and keep your existing home, or it may be more profitable to develop townhouses across the whole site. If your site is eligible for a townhouse development, one of the expert i-develop consultants will be able to run through the different options and show you the different growth and income potential of each choice.
Dual Occupancy and Auxiliary Dwellings
Dual Occupancy/auxiliary dwellings are a high yielding property investment option. There are a number of different scenarios which may be open to you the homeowner. It may be possible to build a dual occupancy / auxiliary dwelling and receive an additional two sets of rent, or you may build just the auxiliary dwelling on your block and receive one additional rent. An auxiliary dwelling is great investment option and one that is open to most land owners who are in a Council Area that allows for dual occupancy, as in most instances there are no minimum block size restrictions. Dual Occupancy properties differ from duplex properties as they are on a single title.
Duplex dwellings offer a great way for an investor to create additional cash-flow and potential capital growth, and offer the additional key advantage of auxiliary dwellings of being able to be strata-titled. This enables an investor to sell off one half individually if they wished. This alternative could suit an investor looking at a shorter investment time frame with the ability to reduce debt in the short-term if required.