How Hard Is It To Convert A Single Home Into A Duplex?
A duplex home can offer a phenomenal return on cost over their lifetime, and it's not a real estate option that should be underestimated. However, when most people analyse the costs and profits associated with a duplex property, they assume the property is being built from scratch, and at most, you might need to demolish an existing building on the land. With all that said, today, we'd like to answer a much trickier question: what if you wanted to convert a single home into a duplex?
You Were So Concerned With Whether Or Not You Could, You Didn't Stop To Ask If You Should
Okay, before we answer that, let's quickly go over why anyone would even want to perform such a major renovation to begin with. To put it quaintly, homes and properties can be expensive, and so it makes sense to want to try to maximise the return on your investment as much as is physically possible. If you've bought a house to live in, you might want to rent out half the property to another tenet in the hopes of decreasing your mortgage payment, or, if you've made a purchase an investment, then you'll be able to increase the overall rent income you'll be receiving. Either way, turning a single home into a duplex home usually helps generate additional income from the property, but that doesn't mean it's quite so simple.
Stop, In The Name Of The Law
City councils use zoning to help lay out the city, creating distinct zones within their residential and commercial areas. Some properties are zoned to be low-density commercial zones, others are high-density residential properties. Every building that is currently built should be compliant with the city's zoning plan, and if you intend on building something new, you'll need to submit a development application to council to make sure the new property is equally compliant.
Unfortunately, if you're trying to convert a single home into a duplex property, then there's every chance you're going to find yourself arguing fairly intensely with that city zoning plan. Many residential properties are zoned to allow only a single dwelling, whereas a duplex home constitutes two dwellings. If you still want to convert your single home into a duplex, then you're going to need to engage the local council to convert your property's zoning, and not only is that sometimes just outright impossible, when you can do it, it can quickly become quite costly, entirely negating the extra income you'd be earning in the first place.
Speak To The Professionals
Getting that development application over the line in this case might be difficult, but thankfully, that's something a qualified draftsman might be able to help you with. Here at Go Design Solutions, we've been working with the local council for years, and we're familiar with all the best practices to make sure they approve any development application, even the trickier ones. To see how we can help you with all drafting in Penshurst, you can check out our portfolio, or call us on (02) 8091 0588.