DUAL OCCUPANCY
Constructing two homes on a single plot offers numerous advantages. One of these is providing the opportunity to reside in one dwelling while earning income from the other. Our team will collaborate with you to optimize the design for your site, ensuring its efficiency and maximizing its potential.
Reasons why our Clients chose DUAL OCCUPANCY
Building a dual occupancy property, also known as a duplex or dual dwelling, offers several advantages:
1. Maximizing land use
Dual occupancy allows you to make the most out of your land by constructing two separate dwellings on a single lot. This is especially beneficial in areas where land is scarce or expensive.
2. Increased rental income
By having two separate units, you can potentially double your rental income compared to a single dwelling on the same plot of land. This can provide a significant financial advantage for property investors.
3. Flexibility
Dual occupancy properties offer flexibility in terms of living arrangements. You can choose to live in one unit and rent out the other, or accommodate extended family members, such as elderly parents or adult children, in the second unit.
4. Diversification
Owning a dual occupancy property provides diversification in your investment portfolio. If one unit is vacant or experiencing maintenance issues, you still have rental income from the other unit.
5. Potential for capital growth
Dual occupancy properties may experience faster capital growth compared to single dwellings, especially in areas with high demand for rental accommodation or where population growth is driving housing demand.
6. Tax benefits
Depending on your location and circumstances, you may be eligible for tax deductions and incentives associated with owning an investment property, such as depreciation allowances, mortgage interest deductions, and capital gains tax concessions.
7. Higher resale value
The versatility and income potential of dual occupancy properties can enhance their resale value. Buyers may be willing to pay a premium for the opportunity to own a property with dual income streams or flexible living arrangements.
8. Urban density and sustainability
Dual occupancy developments can contribute to urban infill and higher residential density, which aligns with sustainability goals by utilizing existing infrastructure and reducing urban sprawl.
Overall, building a dual occupancy property can be a strategic investment decision that offers financial benefits, flexibility, and potential for long-term growth.