What Is A Dual Occupancy House?

Dual occupancy developments may keep the old (original) house and build one new house either in the back yard or in the front yard, depending on factors such as size, depth, vehicle access route, and the manner in which one satisfies the criteria of the local planning regulations.

In some cases, the old house may be demolished entirely.

When an old home is demolished to create way for the construction of two completely new residences, this is an example of a different kind of dual occupancy development.

The development of these brand-new residences may take the form of a tandem design, in which the houses are constructed one after the other in a row, or it may take the form of a duplex style development, in which the houses are constructed side by side.

Accessibility, as well as the frontage, depth, and orientation of the site, all play significant roles in the planning and design of each of these areas.

Corner sites have a number of unique advantages when it comes to the process of producing a sensation of address.

This is due to the fact that both of the apartments that are located on a corner site have significant street frontage.

There is a type of the structure that is more debatable when one unit sits over another one that has been accomplished.

What is a Dual Occupancy Property?

A dual occupancy property consists of two or more separate dwellings built on the same piece of land but rented out separately from one another.

Alternatively, it may mean building a whole new house either next to or behind the one that you already have.

This would be an alternative solution.

It means that you effectively own two or more dwellings that are placed on a single piece of property that will, at some time in the future, be divided into separate lots.

The ground on which these properties are situated is referred to as a "parcel."

You may make an educated selection regarding your treatment by consulting the following list of builder services offered in Melbourne.

This might be an excellent choice for you if you want to go into the rental business and rent out one or more of the homes while still maintaining your primary residence in another one. In addition to this, it is an excellent choice for providing lodging for older members of the family, such as elderly relatives.

A dual occupancy home is the same as a multi-dwelling, a duplex, or a "side-by-side" development, all of which refer to the fact that the home contains two separate dwellings on the same plot of land.

Other names for this type of home include a "side-by-side" development, a duplex, and a dual occupancy home.

These sorts of living arrangements not only offer investors with freedom and flexibility, but they also maximise the potential revenues that may be produced from a piece of land.

The rate of return on investment for acquiring these properties that have been consolidated under one title is noticeably greater when compared to the rate of return on investment for purchasing two independent dwellings.

Types Of Dual Occupancy Properties

A duplex is defined as two separate residential properties that are either adjoined to one another or share shared walls.

Selling either half of the home independently is possible since it has been partitioned into two different properties.

A dual occupancy, also known as a double occupancy, is comparable to a duplex in that it is located on the same piece of property but has separate walls.

It is a property that has a common front entrance door and maybe an additional living area such as a living room or a kitchen. This type of property is referred to as a dual-key property.

A portion of the property is secured and rented out to a different tenant than the rest of the home.

Benefits Of The Typical Dual Occupancy Development

The tandem-style layout is by far the most frequent form of construction that can house many inhabitants at the same time.

When someone keeps their present house in a development with two families living in it, they are able to keep their capital intact.

This is due to the fact that the asset that was acquired, which consists of the home on the property, is maintained in this fashion.

Because the house has worth, you should give the idea of tearing it down some further consideration before making the decision to do so.

Suppose the house in a dual occupancy complex is in very poor condition, and there has been a significant increase in the value of the property.

In that case, the only time someone should consider demolishing it is if both of these conditions are met at the same time.

Other than that, no one should even consider doing so.

Because the value of the land is divided between two separate houses in dual occupancy, the overall price of the property is reduced to one-half of what it would be in any other circumstance.

The cost of the land component would make up one-third of the overall price if one were to successfully maintain the present home and secure permission to construct two additional dwellings in the backyard.

Your ideal home may become a reality when you work with MJS Construction Group since we provide the finest range of dual occupancy options.

A Dual Occupancy Allows One To:

• Make advantage of a backyard that isn't being used, and eliminate the need for care.
• You should sell the recently developed property subdivision and put the money you get from the sale either paying down the mortgage or investing it in something else productive.
• In the event that you chose to construct the brand new dual occupancy home, you would be able to move into your brand new home and take pleasure in the newly renovated kitchen and bathrooms.
• After that, you could either rent out the original property for some additional money or sell it to avoid paying any capital gains tax (be sure to check with your accountant beforehand).
• You also have the option of selling both residences and using the proceeds to buy investment properties that would provide you with favourable depreciation advantages.

In certain regions of Australia, most notably inside the metropolitan areas of Melbourne and Sydney, the value of the land is far higher than the value of the actual properties located there.

The majority of properties in middle and outer suburbs have a high value as a result of the fact that they generate rental income and are easier for traditional lenders to finance.

This is especially true of homes in intermediate suburbs.

For instance, if the house is maintained as part of the dual occupancy complex, there is a possibility that financial institutions will be ready to finance between 80 and 95 percent of the property's value.

Because the residence is no longer on the property, financial institutions have a propensity to lend no more than 65–70 percent of the value of the land.

This is the maximum amount that they are willing to offer. The lender believes that the decrease in risk brought about by the preservation of capital is linked to the fact that the asset will preserve its worth even if the development does not occur.

Following the conclusion of the rebuilding project, the value of the existing home will, in the majority of instances, continue to be present.

Additionally, rental money from the existing house may be collected throughout the planning phase of the development, and in certain cases, it can even be collected after building has begun.

This is something that can be done in a number of different scenarios. It is not viable to generate this type of income flow from an empty allotment in the vast majority of circumstances.

Dual Occupancy Profitability

Dual occupancy developments are excellent investments because they maximise the value that can be derived from the site.

One creates twice the value that might have been gained from the first investment in a house and land due to the fact that two dwellings offer two rental earnings for each residence.

Even if you sold the home you are now residing in, for example, there is a significant chance that you would not be required to pay capital gains tax on the money from the sale of the property.

This would enable you to pay off your mortgage and any other payments that are still due and free up revenue for you to employ in other productive endeavours.

After the dual occupancy subdivision has been finished being developed, the original home is typically sold for a price that is very near to the amount that was paid for the full block of land together with the house.

This is done in order to maximise profit from the sale of the original house.

The position of cream is subsequently given to the second house after that. Do you have a house in the works? The MJS Construction Group will bring your construction project to life!

Dual Occupancy Sites

When searching for an appropriate location for dual occupancy construction, there is a dizzying array of factors to take into consideration. The following is a list of some of these: The cost of the property is expected to result in satisfactory development margins.

• In a perfect world, the site width would be large enough to accommodate two crossovers, but several councils in Melbourne are cracking down on this practise.
• The vehicle accessway should be in compliance with the new mandated safety requirements, and it should fulfil these criteria.
• The length and size of the property should be large enough to provide for sufficient open space facing north for recreation and beautification.
• The location need to be in close proximity to many amenities, including transportation, schools, and shopping.
• The title should not contain any limitations, and ideally it should be free of any easements as well.
• It is important that all of the necessary services be offered on-site or in close vicinity, and that they be conducted in the most convenient location possible.
• It is imperative that the orientation of the site be ideal in order to ensure that the luxuries enjoyed by adjacent houses are not diminished.
• Both the zoning of your land and the Schedule that goes along with it should not be overly restrictive.
• It is important that the planning overlays on your site not be overly restrictive.
• Because of the potential increase in construction expenses, the land should be relatively flat. Sloped ground, on the other hand, is ideal for locations that offer spectacular vistas.
• There should be very little or no major vegetation on the site, as well as on the sites that are next to it and within a certain distance, say 5 metres, of the common boundary.
• It should be clear from the results of a soil test that the foundations do not need any extra reinforcement.
• There should be no encroachments on the boundary of your title, nor should there be any on surrounding allotments caused by your property.
• In your neighbourhood, there need to preferably be models of development that are comparable to what you want.
• There should be no hardship caused by planning overlays.
• In order for your local council to reach its housing stock projections, it should stimulate construction.

Can I Sell a Dual Occupancy?

Yes, beyond a shadow of a doubt! The fundamental reason for subdividing the property is to enable the sale of each lot on its own, which will allow the investor to get the most possible return on their investment. Let's look at the many approaches that may be used to accomplish this.

To get started, you will either need to already own land that is suitable for dual occupancy or you will need to buy land that meets these requirements.

The next thing that has to be done is to get the planning process underway in order to get the dual occupancy complex approved.

As you work your way through the building process and as construction gets under way, you start the procedure for subdividing the property.

We find great satisfaction in the process of promoting and selling the properties that have been subdivided from the original plan.

After the completion of the building and after we have made arrangements for subdivision approval, your purchasers will have the ability to move into their new houses immediately.

Because of this, you will be able to see a greater return on your investment in a shorter amount of time.

Imagine that you have waited until all of the properties have been completed before making the decision to sell them via a private transaction, an auction, or both.

If this is the case, then you will have to wait until the property is put up for sale, then you will have to have it advertised for many weeks (at the very least!), and then you will have to wait for the negotiated settlement time, which is typically between 60 and 90 days.

If this is the case, then you will need to wait until the property is put up for sale.

It is possible that you could be able to collect more money for your homes if you launched a selling campaign following the completion of the extra properties like we were talking about previously.

Still, it is important to bear in mind that every project and set of circumstances is different.

It is crucial that you have a comprehensive grasp of the different options that are available to you, and that you are aware that each of these will have an influence on the timing of your payment.

Can a Single Property from a Dual Occupancy Project be Sold Separately?

Any property that is listed on its own title can be sold off as a separate unit at your discretion.

When you begin the process of dual occupancy, the end goal is to eventually subdivide the land so that each house may be placed on its own distinct title.

Once that time has passed, you are free to sell each of them on their own.

Are you considering making some changes to the appearance of your house? Put an end to your search! MJS Construction Group is here to assist you in your search for a dual occupancy builder in Melbourne.

How can I Build a Dual Occupancy?

In this situation, you have a few different options to pick from.

The first choice is to extend your current home by building an additional one in the backyard, which, if there is adequate space, might use the driveway already there.

After it is complete, you would partition the land into two distinct lots and place one of the houses on each of those lots. Following that, the driveway in question would be seen as belonging to the community.

After that, you will have the choice to either sell one of them, sell one of them and rent the other one, or rent both of them!

You can choose from a wide variety of different paths accessible to you at this point.

At the project's conclusion, regardless of how it went, you will either have more money in the bank or more equity in the investment you made.

The second choice is available to people who have lots of land that are big enough to accommodate new construction: they can demolish their current house and construct not one but two or more new homes.

After then, you would split the lot in such a way that every residence would be put on its own separate title of the ground.

The size of the original land as well as your goals for the property will determine whether these dwellings will be attached to one another, semi-attached, or completely isolated from one another.

After reading the foregoing explanation, you should understand what is meant by the term "dual occupancy subdivision" and how it might apply to real estate.

Why Choose This Style of Home?

Utilizing this particular architectural style serves the primary purpose of achieving the creation of two residences that may be rented out on the same parcel of land. In addition, the concept is appealing to a diverse spectrum of demographics, including younger individuals who are living paycheck to paycheck as well as elderly people who enjoy the feeling of security that comes from having someone else around.

Additionally, there is a high likelihood that the homes will have a positive cash flow, and there is an increasing possibility that they will give a greater return on investment.

Additionally, there is a strong chance that the residences will have a larger return on investment (ROI).

In a nutshell, a rising number of individuals are embracing this way of life as a method to accumulate money more quickly and to have a lot of different income sources while at the same time keeping their living expenditures to a minimum.

Advantages of Dual Occupancy Living

Living a dual lifestyle comes with many advantages and benefits that should not be ignored and should instead be considered. In addition to the fact that it provides an excellent return on investment, a number of additional advantages come with it. Some of these advantages are as follows:

Great Fit For Families

If you want to have a close relationship with your family but at the same time have some personal space of your own to call your own, this sort of living arrangement can be the perfect solution for you.

Although the occupants of each residence have their own private entrances and living areas, they are nonetheless within hearing distance of one another in the event that they require assistance.

People who select this lifestyle option typically have parents who want to be more involved in their children's lives.

Higher Returns

It is not surprising that the vast majority of individuals will be curious about the rate of return they might anticipate receiving on their investment.

When you own one of these apartments, you have complete control over the procedure of collecting rent from both living spaces, giving you full influence over the operation.

This indicates that if you had this kind of facility, you would almost certainly be able to double the amount of rent that you collect, which would allow you to earn a larger return on your investment.

In other words, if you had this kind of facility, you would be able to collect more money from your tenants.

Because of the additional stream of revenue that is produced, a rising number of individuals are seeking to dual occupancy builders to design this sort of home for them.

The primary reason for this trend is that dual occupancy homes make more money. This action is taken only for the goal of paying off any outstanding house loans in a more expedient manner.

Great Way To Enter The Property Market

There is great interest among prospective tenants in dual-occupancy homes as possible rental assets. This is because the development of these types of homes involves more design standards and finishing compared to the ordinary apartment.

As a result, these kinds of homes are more enticing to potential buyers. It is necessary, for example, to integrate noise insulation, additional privacy safeguards, and additional comfort amenities, such as an ensuite, into the design of the structure.

The effect of this is that it won't ever be difficult to locate renters interested in renting out a home of this sort because there are always plenty of people looking for new places to live.

Our top tips to consider when building a dual occupancy home:

You will require a street frontage that is greater than 12 metres in width for your block (ideally around 15m)

Block dimensions: the average dimensions required for a design suitable for dual occupancy are 15.24 metres in width and 43.5 metres in depth (approx. 635sqm)

Home footprint: In general, you are not allowed to have the house footprint encompass more than fifty percent of the block (approx. 62 squares)

It is not possible to have two driveway crossings on a property with a frontage of less than 12 metres.

In addition to this, you will need to determine whether or not the presence of street trees or utility poles will impact the placement of your driveways.

The feasibility of this endeavour requires that you first determine whether or not there will be a monetary advantage as a result of your actions.

If you choose an experienced builder, they should be able to give you more direction on this matter and help you figure out the costs involved in the project by crunching some numbers with you.

The best builders will care that you make the most of your asset and will provide their assistance to ensure that this happens.

When comparing the basic prices of the available designs, always bear in mind that you will need to increase the cost of each new inclusion by two in order to calculate the upgrade expenses (because there are two properties).

This may get rather costly very soon!

Council approvals: It will typically take between three and six months to obtain dual occupancy design proposals approved by Council.

You should look for a builder who can handle the management of this procedure on your behalf because it is likely to be more difficult than the approval of a single residence.

If you are in a greenfield estate, you will need to check for a single dwelling covenant. Dual occupancy for a greenfield estate If you are in a greenfield estate, you will be able to rent out both units (meaning you cannot build a dual occupancy dwelling).

For this reason, dual occupancy house designs are typically reserved for knock-down rebuilds rather than new construction since it is typically not profitable to make the investment given the lower resale price you would obtain in these areas.

Design tricks for a dual occupancy

Due to the fact that the footprint of the house is restricted, you will need to work within certain constraints when planning the arrangement of the spaces in a dual-occupancy house.

This is one of the factors that contributes to the complexity of the design process.

Another factor is the fact that you will need to work with some constraints.

When building a duplex, it is essential to select the option that is the finest among those available.

At Hitch Property Constructions, we have a wide selection of the most best house design constructions for you to go at. Construction company MJS Group.

Certain areas need to be on the ground level, so they will consume valuable square metres of your home's footprint. As a result, considerable thought is required for these areas.

• Think about getting a single garage rather than a double one.
• Next to the garage should be the office, the laundry room, and the bath room.
• It makes the most sense to locate the stairwell above the pantry since you can't afford to throw away important space by putting big steps in the middle of the house.
• Relocating the kitchen to an interior wall will free up more room for windows.

Before committing to one option, you should first do some preliminary research so that you can be absolutely certain that you have a thorough comprehension of all of the options available to you.

Consider the benefits of going in this direction, search online to see what designs are available, and then start talking with builders that specialise in dual-occupancy dwellings to get a feel of what you can create within your budgetary limits.

It is possible that dual occupancy buildings will provide difficulties for bank evaluations due to the fact that these types of buildings are not especially common at this level.

The value of the property is derived not only from the worth of the building but also from the value of the surrounding land.

Consequently, appraisers do not take into consideration the fact that the property has two independent houses, despite the fact that we think the property's worth to be rather high.

For the sake of illustration, the property with the five bedrooms and three bathrooms that we talked about previously would be valued in exactly the same way as described above.

In point of fact, it is designed to be two distinct homes: one with three bedrooms and two bathrooms, and the other with two bedrooms and one bathroom, the latter of which is expected to have a higher market value.

Contractors typically construct new homes intended for dual occupancy as two separate dwellings.

Each of these dwellings has its own set of utilities, such as an electric metre, a water metre, and a system for heating water for showering and washing dishes.

Because of this, the building procedure will take significantly more time and require a greater amount of money.

As a consequence of this mismatch, in order to acquire financing, it may be necessary to pay a larger deposit or more equity than was first anticipated.

This may be the case if the amount of equity required is more than the deposit.

You've come to the correct site if you're seeking for a builder in Melbourne who combines great quality with reasonable prices. Be sure to look at MJS Construction Group!

However, if an investor is able to afford it, this higher spending is likely to be recouped over the years of ownership by the form of better cash flow.

This, of course, presumes that an investor can afford it in the first place.

It is possible for us to expect that by the time they decide to sell the home, the actual worth of properties that have dual occupancy will be recognised all across the market, and that they will be able to sell the property at a price that takes this into account.

Content Summary

• Dual occupancy developments may keep the old (original) house and build one new house either in the back yard or in the front yard, depending on factors such as size, depth, vehicle access route, and the manner in which one satisfies the criteria of the local planning regulations.
• In some cases, the old house may be demolished entirely.
• When an old home is demolished to create way for the construction of two completely new residences, this is an example of a different kind of dual occupancy development.
• The development of these brand-new residences may take the form of a tandem design, in which the houses are constructed one after the other in a row, or it may take the form of a duplex style development, in which the houses are constructed side by side.
• This is due to the fact that both of the apartments that are located on a corner site have significant street frontage.
• A dual occupancy property consists of two or more separate dwellings built on the same piece of land but rented out separately from one another.
• This might be an excellent choice for you if you want to go into the rental business and rent out one or more of the homes while still maintaining your primary residence in another one.
• A dual occupancy home is the same as a multi-dwelling, a duplex, or a "side-by-side" development, all of which refer to the fact that the home contains two separate dwellings on the same plot of land.
• Other names for this type of home include a "side-by-side" development, a duplex, and a dual occupancy home.
• A dual occupancy, also known as a double occupancy, is comparable to a duplex in that it is located on the same piece of property but has separate walls.
• This type of property is referred to as a dual-key property.
• A portion of the property is secured and rented out to a different tenant than the rest of the home.
• Benefits Of The Typical Dual Occupancy DevelopmentThe tandem-style layout is by far the most frequent form of construction that can house many inhabitants at the same time.
• Because the house has worth, you should give the idea of tearing it down some further consideration before making the decision to do so.
• Suppose the house in a dual occupancy complex is in very poor condition and there has been a significant increase in the value of the property. In that case, the only time someone should consider demolishing it is if both of these conditions are met at the same time.
• Because the value of the land is divided between two separate houses in a dual occupancy, the overall price of the property is reduced to one-half of what it would be in any other circumstance.
• The cost of the land component would make up one third of the overall price if one successfully maintained the present home and secured permission to construct two additional dwellings in the backyard.
• In the event that you chose to construct the brand new dual occupancy home, you would be able to move into your brand new home and take pleasure in the newly renovated kitchen and bathrooms.
• In certain regions of Australia, most notably inside the metropolitan areas of Melbourne and Sydney, the value of the land is far higher than the value of the actual properties that are located there.
• For instance, if the house is maintained as part of the dual occupancy complex, there is a possibility that financial institutions will be ready to finance between 80 and 95 percent of the property's value.
• Because the residence is no longer on the property, financial institutions have a propensity to lend no more than 65–70 percent of the value of the land.
• This is the maximum amount that they are willing to offer.
• The lender believes that the decrease in risk brought about by the preservation of capital is linked to the fact that the asset will preserve its worth even if the development does not occur.
• Following the conclusion of the rebuilding project, the value of the existing home will, in the majority of instances, continue to be present.
• Additionally, rental money from the existing house may be collected throughout the planning phase of the development, and in certain cases, it can even be collected after building has begun.
• It is not viable to generate this type of income flow from an empty allotment in the vast majority of circumstances.
• Dual Occupancy ProfitabilityDual occupancy developments are excellent investments because they maximise the value that can be derived from the site.
• Even if you sold the home you are now residing in, for example, there is a significant chance that you would not be required to pay capital gains tax on the money from the sale of the property.
• After the dual occupancy subdivision has been finished being developed, the original home is typically sold for a price that is very near to the amount that was paid for the full block of land together with the house.
• This is done in order to maximise profit from the sale of the original house.
• Do you have a house in the works?
• The MJS Construction Group will bring your construction project to life!Dual Occupancy SitesWhen searching for an appropriate location for dual occupancy construction, there is a dizzying array of factors to take into consideration.
• The following is a list of some of these: The cost of the property is expected to result in satisfactory development margins.
• The length and size of the property should be large enough to provide for sufficient open space facing north for recreation and beautification.
• The title should not contain any limitations, and ideally it should be free of any easements as well.
• It is important that all of the necessary services be offered on-site or in close vicinity, and that they be conducted in the most convenient location possible.
• It is imperative that the orientation of the site be ideal in order to ensure that the luxuries enjoyed by adjacent houses are not diminished.
• The zoning of your land and the Schedule that goes along with it should not be overly restrictive.
• It is important that the planning overlays on your site not be overly restrictive.
• Because of the potential increase in construction expenses, the land should be relatively flat.
• There should be no encroachments on the boundary of your title, nor should there be any on surrounding allotments caused by your property.
• In your neighbourhood, there need to preferably be models of development that are comparable to what you want.
• In order for your local council to reach its housing stock projections, it should stimulate construction.
• The fundamental reason for subdividing the property is to enable the sale of each lot on its own, which will allow the investor to get the most possible return on their investment.
• The next thing that must be done is to get the planning process underway to get the dual occupancy complex approved.
• We find great satisfaction in the process of promoting and selling the properties that have been subdivided from the original plan.
• Imagine that you have waited until all of the properties have been completed before making the decision to sell them via a private transaction, an auction, or both.
• It is crucial that you have a comprehensive grasp of the different options that are available to you, and that you are aware that each of these will have an influence on the timing of your payment.
• Can a Single Property from a Dual Occupancy Project be Sold Separately?
• Any property that is listed on its own title can be sold off as a separate unit at your discretion.
• When you begin the process of dual occupancy, the end goal is to eventually subdivide the land so that each house may be placed on its own distinct title.
• Are you considering making some changes to the appearance of your house?
• Put an end to your search!
• MJS Construction Group is here to assist you in your search for a dual occupancy builder in Melbourne.
• After it is complete, you would partition the land into two distinct lots and place one of the houses on each of those lots.
• Utilizing this particular architectural style serves the primary purpose of achieving the creation of two residences that may be rented out on the same parcel of land.
• In addition, the concept is appealing to a diverse spectrum of demographics, including younger individuals who are living paycheck to paycheck as well as elderly people who enjoy the feeling of security that comes from having someone else around.
• Additionally, there is a high likelihood that the homes will have a positive cash flow, and there is an increasing possibility that they will give a greater return on investment.
• Additionally, there is a strong chance that the residences will have a larger return on investment (ROI).
• In a nutshell, a rising number of individuals are embracing this way of life as a method to accumulate money more quickly and to have a lot of different income sources while at the same time keeping their living expenditures to a minimum.
• Advantages of Dual Occupancy LivingLiving a dual lifestyle comes with a lot of advantages and benefits that should not be ignored and should instead be taken into consideration.
• In addition to the fact that it provides an excellent return on investment, there are a number of additional advantages that come along with it.
• Some of these advantages are as follows:Great Fit For FamiliesIf you want to have a close relationship with your family but at the same time having some personal space of your own to call your own, this sort of living arrangement can be the perfect solution for you.
• Although the occupants of each residence have their own private entrances and living areas, they are nonetheless within hearing distance of one another in the event that they require assistance.
• When you own one of these apartments, you have complete control over the procedure of collecting rent from both living spaces, giving you full influence over the operation.
• This indicates that if you had this kind of facility, you would almost certainly be able to double the amount of rent that you collect, which would allow you to earn a larger return on your investment.
• In other words, if you had this kind of facility, you would be able to collect more money from your tenants.
• Because of the additional stream of revenue that is produced, a rising number of individuals are seeking to dual occupancy builders to design this sort of home for them.
• The primary reason for this trend is that dual occupancy homes make more money.
• Great Way To Enter The Property MarketThere is a great deal of interest among prospective tenants in dual-occupancy homes as possible rental assets.
• This is because the development of these types of homes involves more design standards and finishing compared to the ordinary apartment.
• As a result, these kinds of homes are more enticing to potential buyers.
• Our top tips to consider when building a dual occupancy home:You will require a street frontage that is greater than 12 metres in width for your block (ideally around 15m)Block dimensions: the average dimensions required for a design suitable for dual occupancy are 15.24 metres in width and 43.5 metres in depth (approx.
• It is not possible to have two driveway crossings on a property with a frontage of less than 12 metres.
• In addition to this, you will need to determine whether or not the presence of street trees or utility poles will impact the placement of your driveways.
• If you choose an experienced builder, they should be able to give you more direction on this matter and help you figure out the costs involved in the project by crunching some numbers with you.
• When comparing the basic prices of the available designs, always bear in mind that you will need to increase the cost of each new inclusion by two in order to calculate the upgrade expenses (because there are two properties).
• You should look for a builder who can handle the management of this procedure on your behalf because it is likely to be more difficult than the approval of a single residence.
• If you are in a greenfield estate, you will need to check to see if there is a single dwelling covenant.
• Dual occupancy for a greenfield estate If you are in a greenfield estate, you will be able to rent out both units (meaning you cannot build a dual occupancy dwelling).
• Design tricks for a dual occupancy
• Due to the fact that the footprint of the house is restricted, you will need to work within certain constraints when planning the arrangement of the spaces in a dual-occupancy house.
• This is one of the factors that contributes to the complexity of the design process.
• Another factor is the fact that you will need to work with some constraints.
• When building a duplex, it is essential to select the option that is the finest among those available.
• Certain areas need to be on the ground level, so they will consume valuable square metres of your home's footprint.
• Think about getting a single garage rather than a double one.
• Next to the garage should be the office, the laundry room, and the bath room.
• It is possible that dual occupancy buildings will provide difficulties for bank evaluations due to the fact that these types of buildings are not especially common at this level.
• The value of the property is derived not only from the worth of the building but also from the value of the surrounding land.
• Consequently, appraisers do not take into consideration the fact that the property has two independent houses, despite the fact that we think the property's worth to be rather high.
• In point of fact, it is designed to be two distinct homes: one with three bedrooms and two bathrooms, and the other with two bedrooms and one bathroom, the latter of which is expected to have a higher market value.
• Contractors typically construct new homes intended for dual occupancy as two separate dwellings.
• Because of this, the building procedure will take significantly more time and require a greater amount of money.
• This may be the case if the amount of equity required is more than the deposit.
• You've come to the correct site if you're seeking for a builder in Melbourne who combines great quality with reasonable prices.
• It is possible for us to expect that by the time they decide to sell the home, the actual worth of properties that have dual occupancy will be recognised all across the market, and that they will be able to sell the property at a price that takes this into account.