If you plan to get started in home ownership, it would be advisable to consider a dual occupancy system. Often referred to as a duplex system, these housing styles can provide a great source of investment. To learn more about dual occupancy, you could get in touch with reliable custom builders Melbourne West has to offer. They come with various benefits as follows:
- It is easier to rent one side of the home while you live in another side. This could help you subsidize housing expenses.
- It offers the opportunity for accommodation in high demand areas.
- It provides an easy way to accommodate the elderly.
- It allows more privacy while enabling the occupant to share a yard with others
Before you get started with a dual occupancy structure, you should engage a reliable builder specializing in that area. Each state has its regulations when it comes to custom building. For that reason, it is advisable to work with reliable custom builders Melbourne West currently has to offer. The following steps are involved:
Sorting the finances
Usually, it is advisable to have your finances in place. Be preapproved by a lender and find a reliable mortgage broker. Know the residential zones of your area and be conversant with their planning schemes. Reliable custom builders Melbourne West has to offer could offer appropriate advice about this.
Consider the location
You should look for infrastructure and facilities that could add value to your property. Some of them include schools, shopping malls, road network, or hospitals. Check regulations and confirm the size of land required and other restrictions.
Assess the site
Experienced experts should do this, which is why you need experts for dual occupancy homes Melbourne has to offer. Your piece of land should meet the criteria for dual occupancy. With professionals, you can know more about duplex designs and prices. Similarly, if you would like to know more about how to build split level houses, you could follow this link: http://www.l37.com.au/.
Get the title and analyze your budget
The planning certificates, the plan, and the title are important documents in the construction of duplexes. The planning certificate should inform you whether the area is flooding prone or bush-fire prone. The title should inform you about the agreements or covenants.
Build your budget
The next important thing to do is cost budget. With support from the experts, you should be able to know the approximate cost of setting up a dual occupancy. In Australia, companies such as Latitude 37 are experts in this and can offer the necessary advice. The experts would also advise you to develop feasibility so you should know whether the project is viable. The builder should also give you the estimate.