Many people own a space that is just enough for two houses to be built together instead of one. You will be able to get a number of benefits if you use the space in a proper way.
Definition of Dual Occupancy:A dual occupancy development is meant for the residential property that you own. In this development procedure, you will be able to build two houses instead of just one.
Is It A Wise Investment?Dual occupancy happens to be quite a good choice when it comes to investment. You will be able to subsidize or reduce the costs that that is incurred for the housing. Dual occupancy development builders can help you to unlock the potential that your property has.
How to Start Developing a Dual Occupancy Project?Before the dual occupancy development builders start on the project, they need to conduct an analysis of the situation through a computer. The analysis will determine if the project development is feasible, and they also see if there will be any obstacles in the future while planning and implementing. Three important factors must be kept in mind before undertaking the project.
- The Budget
- The Land
- The House
Advantages of Getting a Dual Occupancy:Dual occupancy can surely prove to be advantageous for the future of your family. After all it is a very sound real estate investment.
- Extra Source Of Income
- Decrease rates
- Tax benefits
- Constant Source Of Income
- Keep your family together