Thinking about a building a
Rear Strata development?
Thinking about building a Rear Strata development?
What does a rear strata development involve?
A Rear Strata, also known as a house behind a house development, entails building a new home at the rear of your existing dwelling. With recent zoning changes, Perth homeowners now have exciting opportunities to maximize the potential of their backyards.
For homeowners with spacious blocks, this type of development offers the convenience of staying in their current home while embarking on a relatively accessible project, making it an increasingly popular choice for first-time developers.
Benefits of a house behind a housing development
- Unlock the equity in your block and transform your high-maintenance backyard into a profitable asset.
- Potential rental income from the additional dwelling.
- Potential sales income if the block is subdivided into separate titles.
- No need to worry about finding alternative accommodation during the construction phase.
- Sourcing finance and obtaining council approvals is generally more straightforward compared to other types of developments.
How To Profit From Property Development
There are several ways to profit from a house-behind-house development, especially if the land is subdivided:
- Stay in your current home and rent out or sell the new dwelling. This generates a new income stream to pay down your mortgage or fund future developments.
- Sell the original property and move into the new house. Utilize the proceeds from the sale to reduce your mortgage while enjoying the benefits of a brand-new home in your favourite suburb and street.
- Sell both properties. By creating two separate properties, you can capitalize on the profits and climb the property ladder.
Unlock the potential of your property and explore the possibilities of a Rear Strata development. Our experienced team can guide you through the process, from initial planning to construction completion. Contact us today to learn more about how you can benefit from this innovative approach to property development.
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