Planning on entering the Housing market around Armidale, Uralla or Walcha without relying so much on real estate agents? 😉
Perhaps you are hoping for a quick but high return from the investment?
Fortunately in the current market, constructing an additional dwelling in your frontyard or renovating your single-family residence into a duplex or triplex could be exactly your way to go ahead with that dream. Many people in Australia have already taken advantage of this opportunity.
If you are interested and want to know more, keep reading...
Multi-family units are the latest trend amongst home owners and landlords looking to get the best value out of their site. Many people nowadays build additional living spaces like granny flats adjacent to their property for equity uplift of their property or for rental income from prospective tenants.
Duplex conversion of homes:
Building additional habitable spaces either on the same floor, attached to the original building, or above the original building as a new storey is also attracting investors due to the renovation costs involved being relatively less than a full knock down rebuild, or relocation, and may be able to be done with minimal impact on the overall use and habitable spaces adjacent (the home where they live).
Duplex apartments with additional units on different storeys give owners the option to save or maintain that extra space in the vicinity of their house.
Triplexes with Three Single Family Homes:
Either at the ground level with a common street frontage or on different levels in an apartment – three smaller homes instead of one large home are also gaining widespread popularity. These type of multi-family homes often earn significant amounts of money as rent. Money that could be gained from selling the property is potentially tripled, due to the value addition to the property. Although Armidale, Uralla and Walcha Local Councils have stricter building regulations and terms for building the structure, triplex units have gained widespread popularity in the real estate market in the last ten years. We can help you through this process though step by step.
We also provide a guarantee for protecting our Clients property.
Dual Key Properties:
Slightly different from dual occupancies are dual-key properties, a modern concept. They include a shared front entrance and often share an extra space such as a common living room and kitchen as well. However, each tenant will have an exclusive portion of the house locked and allocated solely to them, which will generally include bedrooms, bathrooms, a small living room, and dining. The best advantage of these projects is that they can be introduced even in regular single housing units with simple and pocket-friendly modifications such as kitchen re-modelling and installation of partition walls for a much lesser budget compared to building other types of dual-occupancy units like duplexes or triplexes. Families or Home Owners willing to adjust and share their living space can get a very high rental income from the whole project.
During the comparatively minor renovations needed here, some home owners build beautiful common decks or beautify their kitchens to increase the property's appeal.
Integrity New Homes Uralla-Walcha has years of experience in renovation works and re-modelling of single-family units into multi-family homes such as duplexes or triplex units. We operate in locations around Armidale, Uralla, Guyra, and Walcha New South Wales.
Our expertise in renovating kitchens, bathrooms, bedrooms, and living rooms, and accommodating new decks or upper storeys into your homes has given us the Integrity edge to provide services at the best possible quality to you.
We also provide you with a fast track service for your colour selection, taking the hard work and endless hours of looking in Suppliers showrooms to find what you are looking for.
Contact us for more information about how we can help you earn an extra income from the comfort of your home.