According to analysis by RP data, vacant land prices over the last 20 years have generally increased from a median rate of 76.47 dollars per square meter to 507.70 dollars per square meter as of the end of 2013. Additionally, the size of the average block has dropped from 700 square meters to 500 square meters in that same period. However, you have to work with what you have as there is nothing you can do about it. A great way of getting the best returns from your land size is house dual occupancy. Dual occupancy is where two separate buyers combine their resources and jointly buy an established property with the idea of redeveloping two new houses on the one block of land.
How this Kind of Design Increases Affordability
For areas where employment and transport are accessible, land and house packages can be quite expensive, but Dual occupancy makes it affordable. This is because other than buying pre-designed homes Melbourne builders sell and land by yourself which can take a toll on your wallet, the initial purchase is split between two buyers which becomes significantly cheaper. The costs of building two new dwellings are streamlined through cost efficient designs as well as use of materials when building two homes that reassemble. These cost savings will be shared between the two buyers. Additionally, the cost of ownership as well as maintenance will be reduced.
Who it Works Best for
When it comes to house dual occupancy, not everyone is cut out for it. It needs people who are familiar with each other and have the same reason to build homes Melbourne has to offer. They should also have no problem living in close proximity to one another. These homes also work best for young families that are seeking to meet the challenges of balancing work and family life as it will minimize the time the family will spend maintaining the property and as a result they will have more time on their hands to spend together as a family. Dual occupancy though requires cooperation and thorough research by both parties because any mistakes can be quite costly. You will also need to seek legal advice to avoid any problems in the future and work with an experienced builder. You can begin at http//www.137.com.au/
The hunger for housing throughout Australia remains very strong and today many builders are establishing dual occupancy home designs. They are made in such a way that the floor plans meet planning guidelines, optimize available space, and use natural light as well as energy in a manner that is effective. Additionally, they incorporate flexible living spaces for the modern lifestyles. House dual occupancy option is a proof that quality design can help in reducing the cost of home ownership as well as increase the standard of accommodation.
If you are a homeowner, developer or an investor, then you probably want to maximize on the returns of your land. One way of making this happen is by placing a single property on one block, having an additional dwelling on that block of land.