Whether you are a first-time developer or an established homeowner, two dwellings on one block provides more options. You could own your own home and sell or rent the other.
Now is a great time to plan ahead and improve your financial position. We sat down with Gerald Stutterd – Carter Grange Director to learn about Dual Occupancy Building.
Q: Why are Dual Occupancy builds becoming increasingly popular?
A: It’s typically based on a financial decision to maximise your land value, to get ahead. We’ve seen an influx of clients wanting to understand how their block would work for a Dual Occupancy home in recent years. Two dwellings on one block can offer you greater financial flexibility. The potential for our clients to own their own home and rent or sell the other can create both financial and lifestyle benefits.
Q. Who is a Dual Occupancy Build suitable for?
A. We build for everyone from experienced developers, through to baby boomers who want to create an investment opportunity for their older children, to younger families wanting to pay off their debt and get ahead. Our aim is to make the process as structured and transparent as possible. We have a specialist in-house Urban team who take care of everything from design to handover and have the experience to make the process as streamlined for our clients as possible. This means you don’t need to be a builder or developer to benefit.
Q. With so much change in the world is now a good time to build, or is it better to wait a couple of years?
A. With Melbourne’s real estate market becoming harder to crack and the cost of living on the rise, now is the perfect time to optimise your land and secure your financial future. Anyone who’s in the building or real estate industry understands that real estate and building is a long game. It’s good to start the conversation to explore your options so you can make informed decisions.
Q. What advice would you give someone deciding between builders?
A. Without question, go and see their work firsthand. And not just one build, go and see as many as you can. Speak to their clients and team to get a feel for their knowledge and experience – can they really deliver? Do they have a structure and service model in place to see you from the beginning to the end of your build.
We pride ourselves on being dual occupancy building specialists, with over 500 builds under our belt over the past 12 years. We take care of everything from knockdown, to design, permits and build, through to handover. We have an in-house interior design team and a design centre that you can visit anytime. We also have anywhere between 8-10 show homes open across Melbourne that you may visit to see our work, our finishes and meet with our team.
Thinking of building?
Speak to our team to find out what's possible with your block size and budget.