Residential Drafting Design (drafting services in Sydney): Maximise profitability during your DA application!
It's no doubt that if you decided to do any sort of development in your home, especially for those that have just bought a property. A lot of clients came to us and ask "how long does it take for the approval". The reality is that no one can guarantee a time, especially when every council has their own set of system and quantity of staffs doing assessments. Our best estimate figure would be 6-8 weeks for the Development Application and 10 days for the Construction Certificate. Including all the extra time that you need to engage a residential drafting specialist, engineers, arborist, flood study engineer, landscape architects or even a heritage consultant, these times do add up. 6 months would be a good overall time figure if you are planning to do the job right!
So what should I do with the 6 months?
Live in it, or rent it out. Most real agents take rental properties with a minimum of 6 months. THis fits perfectly if you are planning to mximise your profitability - rent it out! There, your tenants rent will cover up the cost of expense, mortgage (if any) and council fees etc. A good 6 months rental is equivalent time for your development application and construction certificate to be approved, from start to building commencement.
Does that mean I should not develop my home since it takes too long?
6 months is not a really long time, to be honest. Depending on what you are planning to develop or extend, it will definitely bring a good return to the overall asset of the property. Remember, Sydney property markets grows over 6* this year! To give you an example, a client of ours extended the house with 2 extra bedrooms, the cost of the construction was $100,000, yet the property valued increased $200,000. Now that's double the money!
What should I do if I am looking to extend/develop?
Talk to the Sydney's specialist in residential drafting design, and get a consultant to assess whether your ideas are feasible and the rough estimate cost of the development. You will need a good set of drawings and paperwork to be submitted to the local council or private certified authority for assessment and approval. Go Design Solutions look after all that for you! So don't worry!