The distinction between going through a Dual Occupancy Builder in Sydney where you’re paying retail, compared to when you’re doing it yourself, and doing it wholesale, is massive. It can be, not just tens of thousands of dollars, but hundreds of thousands of dollars.
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Colin Fragar here. Welcome to another discussion on dual occupancy. I’m from the Council Approval Group. We’re talking about one of my favourite topics. It’s actually my favourite property investment strategy, which I talked about in Secrets of Property Millionaires Exposed. The strategy is dual occupancy.
Now, if you’re in Sydney, you may be thinking about a Google search. You say, “Okay, I’m looking for a Dual Occupancy Builder”. The question that we want to help you with today is: what you need to know about Dual Occupancy builders in Sydney?
There are two ways that you can build a Dual Occupancy.One is to go to a builder who will provide you with the land. It’s usually a greenfield site. It’s in a land release area. You’re buying, probably, away from infrastructure and you effectively are paying retail for that development.
A limited number of dual occupancy builders in Sydney will do what they call an infill site, which is an existing suburb where there needs to be a knockdown.
Now if you do this, you’re effectively paying not only for the knockdown (of say $50,000) but you’re also paying to rebuild what would otherwise be a good property, a good house.
So what I really love doing is looking at the numbers. If you do your sums and you work out, “okay, what’s the cost of me knocking down a house and building two new ones, compared to finding one where I can keep an existing house and build a second one on the side, either attached or detached or behind?”
I highly recommend that if you are thinking of a dual occupancy in Sydney, that you don’t get your approval through a builder, but rather you organise your own council approval through us. Some people are unnecessarily afraid of the council approval process.
Own The Council ApprovalThere are two fundamental reasons why it’s important for you to not jump into hiring a dual occupancy builder without talking to the Council Approval Group.
First of all, it’s important that you ‘own’ the council approval process and not delegate it to a builder who will then control the approval. If you use Council Approval Group to achieve the council approval you need, you will then be able to tender out to any one of a hundred builders. We do everything, even the acquisition of the site by buying the property in your name. Then we get the council approval and get it built. We have town planners, architects and all the consultants to take you through actually getting it built.
Second, you will be able to get an overall lower cost of construction by going with Council Approval Group. The distinction between going through a dual occupancy builder in Sydney where you’re paying retail compared to when you’re doing it yourself and doing it wholesale can be, not just tens of thousands of dollars, but hundreds of thousands of dollars.
How do I know this? Because I’ve done it myself. I’ve probably done 10 of these projects myself. We’ve done thousands of these for clients and we’d love to help you as well.
Book Your ConsultationSo if you haven’t already, make sure you get your free guide on getting council approval.
Or if you do have a site in mind and you are ready to have a bit of a discussion about your project, please book in for a free consultation with one of our council approval consultants.
My name is Colin Fragar and thanks for watching.