People have started believing that dual occupancy home designs are an affordable way to enter the property market. Building this type of home has several benefits for homeowners and investors, but how it can be benefited or it is the right option for your family? Here are the answers to your questions about how dual occupancy designs can transform your home to live independently.
Meaning of dual occupancy home
It is a land that consists of one land block with two dwellings. It allows the homeowner to live in one house and rent or sell the other. It offers the investor maximum income, and homeowners give independence to the children without losing distance. Typically, it provides either two attached dwelling positioned side-by-side, or one placed behind the other.
Main House with granny flat: A granny flat is a small home for one or two people. This option is to consider more when elderly parents or aging teenagers require independent space but want to live close to their families. By renting that flat, it can become another source of income.
Two dwellings in one plot: They are often known as a duplex, which contains two homes on the same land. The owner can sell or rent both of them or any single home. It can be perfect for people who don’t want to live away from their home suburbs and streets.
Is it the right home for you?
There is a lot to analyze when it comes to dual occupancy home designs in Melbourne. There are many pros. It can give you a high return on your investment, create flexible living arrangements, and gives you more privacy than an apartment. It can also help in upgrading the living situation by creating more space for your growing teenager, adult children, elderly parents, or grandparents. The main benefit is that it creates a balance between independence and togetherness.
- It will offer you more privacy. If your kiddos are growing up, and want their own space, then they can live in one section of the dwelling and you can live in the other.
- It tends to have lower maintenance costs and residents may set only one set of council fees and water rates as both of the dwellings are on a single land. If you’re a smaller property, you don’t have to worry about mowing the lawn.
- It will increase the value of your property.
- It minimizes the risk of income.
- You can use it as a second property.
- It multiplies the mode of income with 2 tenancies
- You can pay your mortgage as soon as possible
When you should consider it?
Rebuilding two new-dwelling
- When you want to leave in that area but don’t require a big home.
- You have a large block area where prices are increasing.
- When you want to unlock some of the equity in your land.
Build a new-dwelling behind the existing
- Your current home is still adequate
- If you want to unlock some equity in your land
- If you have a large vacant space behind or beside your current home
Building two new-dwelling on vacant land
- This will work if you have elderly growing parents or grown-up kiddos.
- It is less common because the land value is often affordable. Therefore, the cost of building a second dwelling can’t be justified
Tips to consider while building
Before you start building your new dwelling here are a few tips to consider.
- House footprint: Generally, homeowners don’t have a house footprint of more than 50% of their block.
- Frontage and dimensions: For frontage, you will need more than 12m, and the dimensions should be approx. 635sqm.
- Driveway crossovers: As you can’t have a driveway crossover within 12m frontage, ensure that no poles or trees are going to affect where you’re placing the second driveway.
- Upgrade cost: Whenever you think about upgrading look the base price and multiply every additional cost of that design by two because you’ll have two properties. This will help you in getting the total cost price.
- Council approvals: Council takes around 3-6 months on average for giving approvals. Ensure that you select a builder who can help you in this process because taking permission for dual occupancy is more complex compare to a single dwelling.
- Dual occupancy for Melbourne: If you’re in Melbourne, you’ll have to check where there is any single dwelling covenant.
Design tricks for your dwellings
When you are designing the dual-occupancy the main complication is that you are working with a limited footprint. And when you are planning for space, there is the main restriction you are working with.
Some spaces need to be on the ground floor and therefore the house space needs careful consideration such as,
- Include your powder room, office, and laundry room next to the garage.
- Consider adding a single garage instead of double.
- Consider moving your kitchen to an internal wall to increase window space.
- Consider adding a pet-friendly rug to your dwellings.
- Add a stairwell above the pantry.
- Choose the floorplan and another façade that is unique and suits your lifestyle.
There are a lot of things which you need to consider with benefits but it all vary according to the area you live in. With these following points, you can understand how dual occupancy home designs can transform your home to live independently. Before starting dual occupancy, it is essential to follow the NSW government and local council’s rules and regulations. As the approval takes 3 to 6 months, you can select a builder who can manage the process.