Are you looking for ways to make the most of your property investment? Or maybe not sure what you can or can’t do. Subdividing your land or adding a secondary dwelling could be the answer. These strategies can not only increase the value of your property but also generate a steady income stream.

Subdividing Your Land

Subdividing land involves dividing a larger parcel of land into two or more smaller lots. This can be an attractive option if you have a large block of land and want to unlock its potential. Here’s how you can benefit from this strategy:

  1. Increased Property Value: Subdividing your land can significantly increase the overall value of your property. By creating smaller lots, you can potentially sell each lot at a higher price than the original larger parcel.
  2. Selling or Renting: Once the land is subdivided, you can choose to sell the newly created lots individually or rent them out. This can provide you with a steady stream of income over the long term.
  3. Development Opportunities: Subdividing your land may also open up opportunities for further development. You could build additional dwellings on the newly created lots, further increasing the value of your property.
  4. EDPI Australia’s Services: At EDPI Australia, we offer a range of services to help you subdivide your land successfully. From initial feasibility studies and town planning assessments to managing the approval process, we can guide you through every step of the subdivision process.

Building a Secondary Dwelling

Another way to make money from your property is by building a secondary dwelling, such as a granny flat or a duplex on the one title. Here’s how you can benefit from this strategy:

  1. Rental Income: Adding a secondary dwelling allows you to rent out the additional space, providing you with a steady rental income stream.
  2. Increased Property Value: A secondary dwelling can also increase the overall value of your property, making it a more attractive investment option.
  3. Flexibility: Depending on local regulations, you may have the flexibility to use the secondary dwelling for other purposes, such as a home office or rooming accommodation.
  4. EDPI Australia’s Expertise: Building a secondary dwelling requires careful planning and adherence to local building regulations. EDPI Australia can assist you with the design, approval, and construction process, ensuring that your secondary dwelling meets all necessary requirements.

Contact us today to learn more about how we can assist you with your land subdivision or secondary dwelling project.