If you’ve lived in WA most of your life, you’ll know that subdivided properties are popping up left, right and centre. So why subdivide?
First of all, it can be a great way of maximising the potential returns from your block. By subdividing your block you can either choose to:
At Summit Projects, we understand the key to successful rear strata developments is having an upfront understanding of the process. So - let's get started!
Step 1. Establish Your Zoning (Building Codes)
Before you get started on your strata development, you must be sure the block is able to be subdivided. It is important to understand the building codes that are implemented in your location, and your local council will be able to advise you. If you're planning a strata subdivision, make sure you know what needs to be satisfied to get the process through council smoothly. The building code may vary from one side of the street to the other, so don't assume just because The Jones's did a strata subdivision that you can too!
Step 2. Check For Factors That Could Halt A Subdivision.
There are a lot of issues that can block or hinder your land subdivision.
Possible issues to be aware of:
Step 3. Is Your Block Worth Subdividing?
From rates and land tax, installing water meters, demolition, surveyors, and titles costs, there are dozens of items to take into account. It’s important to check, and have a clear idea of how big ticket items such as retaining walls, drainage and engineering requirements will apply to your specific block.
Step 4. Know Your Market
Next, you'll need to know who is likely to purchase your planned house behind house addition.
For example, if your building codes allow your block to be subdivided into three lots, it doesn’t necessarily mean that’s what you should do. If your blocks are in a more affluent area, your buyers may be after a larger section of land. Plus, your choice of rear strata floor plans will generally be better with generous size of land.
Also consider if your buyers are likely to be investors or owner-occupiers. This will impact your decisions on the quality of the finishes of the house on your strata development.
Step 5. Choose the Best Builder
House behind house developments are a great way to maximise the potential of your block. But to make it a success, you need the right piece of land to subdivide, the right timing and most importantly - the right advice from the best strata builders.
Summit Projects has more than $650 million of successful unit developments to its name, as specialist house behind house builders. If you're starting out in property development, we can talk you through the process from start to finish, including building codes, site works (Perth) and rear strata home designs.
Plus, our rear strata home designs are adaptable and highly-functional; versatile enough to fit on a wide range of block shapes and sizes.
Contact Perth and WA's land and property development professionals today!
Disclaimer: The information within this article is general information only and it does not constitute advice or recommendation. It does not take into account your financial situation, investment objectives or personal circumstances. Before making a decision about developing your property, you should seek independent financial, legal and taxation advice.