The Development Process of Dual Occupancy in Melbourne
Delcon design and construct, is a property development design and construct company based in Melbourne.
A large part of what we do is dual occupancy developments. Dual occupancy developments are property development projects that include two dwellings on one lot (whether attached or detached) for two households.
A dual occupancy in Melbourne may be a “duplex” (two dwellings with a common wall), two new freestanding dwellings or even a new dwelling built in the yard of an existing dwelling.
Dual occupancy developments are suitable for smaller residential blocks, and done well can prove lucrative for the astute investor.The best investments are those that have been meticulously researched and planned for. After you have sourced, purchased and settled the land, the process of sourcing town planning, consolidating a design and finalising construction can often take anywhere from 18 – 22 months.
If you’re considering a dual occupancy development, you need to be aware of the process involved, as well as the realistic costs and time frames. Property development is not the easiest investment to undertake, but done well with the right team, the hard work is well worth it.
The process can be made simple through working with a specialist property development project management team and builder, who can guide you through the entire process, or manage it all on your behalf.
There may be variations depending on your land, council and situation, but the general process for conducting a dual occupancy development is as follows;
Step 1: Understanding Borrowing Capacity
Step 2: Finding Your Land Step
Step 3: Building Design
Step 4: Planning Permission
Step 5: Choose Your Builder
Step 6: Finalise Your Contract
Step 7: Construction
Meticulously planned property development, executed by an experienced team can yield very significant investment returns.There are few other investment options that can boast the same level of return relative to the time and effort involvement of the investor.
However, conducting a Feasibility Assessment at the beginning is vital to ensure you don’t end up in the wrong investment. This is a service we offer all our Melbourne based clients. We go through the details of your project, assess the numbers, and tell you based on more than a decade worth of experience, what a likely profit range is. Every investment should be based on a well researched assessment that takes into account the likely costs and return potential.
Delcon’s success is backed by personal experience that enables us to advocate for the potential of strong investment returns from dual occupancy projects in Melbourne. We’re fueled by a passion for sharing our knowledge. As such, we are one of the only dual occupancy design & construct teams to offer a project feasibility assessment as the starting point of working with clients.
If you’re looking for a dual occupancy builder in Melbourne, don’t hesitate to contact Daniel or the delcon team from delcon design and construct on 1800 335 266, or info@delcon.net.au