With many people now working from home during Stage 2 of the COVID-19 lockdown, there is an opportunity to consider the future, post the emergency with regards to your home and perhaps how to approach the future.
For those fortunate enough to own their own homes outright, or close to it, it really is a good time to consider your major asset and just how it may assist you going forward into the future. Perhaps you and your partner are now ‘empty nesters’, your children having grown up, completed their education and now have left home to set up their own lives and families.
Many older homes in mid-range suburbs such as Cheltenham, Parkdale and Moorabbin, Bentleigh and beachside suburbs from Mordialloc to Frankston have significant land value but realistically are not really renovation prospects. This also applies in Melbourne’s Eastern Suburbs from Balwyn through to Ringwood and surrounding suburbs.
These properties however are often located on very large blocks. Council zonings in such areas have changed over the past twenty years and a raft of possibilities offers genuine financial reward and a tidy return on your most significant asset – the family home.
It can be as simple as Dual Occupancy, whereby two dwellings can replace the original building, one for the current occupants to reside in and one to be sold or rented creating either an instant windfall or long term a passive income.
A step up from such a development is a Townhouse development that could range from 4 to 8 individual properties. Alternatively, in some areas it’s possible to develop a full apartment block providing the ultimate in modern living but enjoying the benefits of suburban locations – views, shopping and schools.
Want to know more? Call SLR Concepts on 03 5981 0661 for a free no obligation consultation. The SLR Concepts Building and Construction team are skilled and well versed in such transformations with a verifiable track record of success in such ventures over many years.
The SLR Concepts team are experienced and knowledgable on Local Government zoning, regulations and permits and will assist clients with these aspects as part of the project. When you select SLR Concepts Building and Construction to build your new home or development you can be confident that all aspects of the project are in hand and covered. Real peace of mind, real professionalism. It’s of utmost importance to gain a complete package that covers the full project from planning applications through to lock up stage.
SLR Concepts – They’re simply the very best.
Modern living at its very best.