Dual occupancy residential plots to enhance the value of your property

In Australia, the demand for residential plots has skyrocketed. The demand is such that many of the house owners with sufficient space in the backyard have started subdividing the land. In the subdivided land, they build another home and lease the portion for higher rent. One such owner bought a corner site in Melbourne for Australian $9,56,000. Thereafter, the owner subdivided the backyard and constructed dual occupancy homes. In the following year, the owner sold both the portions for Australian $1.52 million. This shows the bullish market of residential plots in Australia.

dual occupancy builders

Higher market value:

Basically, the dual occupancy homes simply mean two dwelling houses on the same plot of land. In order to build such a house you should have sufficient vacant space as per the norms prescribed by the Australian local Council. If the new house is built behind the existing house, then it is called as ‘tandem design’. But, if the new house is built on the side of the existing building, then it is called as ‘duplex’ design. In fact, in a duplex design both the houses will face the same road, and both the houses share the adjoining wall. This type of house is also called as ‘pair’ or ‘party wall development’ house. In fact, duplex houses have a higher market value because both the houses will have a road frontage. Click here Latitude 37

Extended utilities:

The dual occupancy homes have certain extended utilities too. For example, the parents may use a portion of the dual occupancy for their living, and their son/daughter may live in the other portion of the house along with their family. Thereby, both the parents and the kids will stay in close proximity. On the other hand, depending upon the need, the owner may also sell one portion of the dual occupancy at a premium. Apart from these, dual occupancy residential homes will have greater security as compared to independent homes.

Types of dual occupancy residential homes:

Dual occupancy residential homes are normally available in two designs namely granny flat design and the other the split or modified design. The granny flat design is building one home over the other with a separate entrance for each dwelling unit. The modified design is building two independent homes one by the side of another. In fact, these two units are not attached to one another. The dual occupancy builders Melbourne market has today will present varieties of dual occupancy residential units.

Pre-designed homes:

When you visit any of the popular builders, you will find varieties of pre-designed homes Melbourne wide. These pre-designed homes will be further customized to your specific requirements. The pre-designed homes are available for sites of varying dimensions and suitable for both corner and intermediate sites.

Creates equity:

The townhouse builders Melbourne market has today should construct the dual occupancy according to the norms prescribed by the local council. In such cases, both the units can be sold separately. This creates immediate equity from the growth of the value of the property.

Compliance with specifications:

Popular builders like the http://www.l37.com.au/ who have sufficient experience in building dual occupancy residential homes will guide you suitably so that you can reap the benefits of such residential plots. Such builders build dual occupancy homes in strict compliance with the specifications.

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