Duplex Property Development – turn one block into two!
Turning a single piece of land into a duplex development and building 1 or 2 new homes is a great way to get into property development.
Depending on the shape and size of your block and the location of the existing home on the land you may choose to either build one new home behind the other, or demolish the existing house and subdivide the land down the middle to create a side by side duplex development. This of course is subject to council approval.
Both options for building a duplex have their advantages, the main reason to build a side by side duplex is that you may add value to your investment by giving both properties street frontage.
It is also important to consider the flow of the home and the room configuration. How big should the new dwellings be? Should you opt for 2 bedrooms or 3, or perhaps even 4? Who is your potential buyer? What else is available in your suburb?
These are all important questions and ones that our team of Perth property experts can help with.
At the start of every new project we take the time to crunch the numbers with you. We perform a comprehensive feasibility analysis to assess the potential costs of the duplex project in conjunction with the possible resale value of the two units at the end. We are committed to helping you ensure the numbers stack up and that you feel comfortable with the potential profits the project can deliver.
An important part of this process is the design stage. Our in-house design team will work with you to ensure we deliver a cost-effective build that will appeal to buyers/renters in your area. We look at your unique block configuration and the zoning and council requirements and present a design that ticks all of those boxes plus captures everything you want in the new dwellings too.
Once we are confident the design is right and the numbers will stack up we finalise all of the costs, giving you the peace of mind of knowing exactly where you stand financially and what you can expect at the end of the project.