Project Description

When developing properties our customers come to us with a variety of wants, needs and goals. When investigating properties for development there is not
one way to develop or a cookie cutter approach. We look at what your situation is and how we can then maximise the property to meet
your long-term goals.

In this scenario, the customer came to us wanting to build a minor dwelling on one of their rental properties. We ran through their goals and asked
why they were wanting to build a minor dwelling. The reason was they had a few rental properties and wanted to expand their portfolio, and they
had been told this is the right thing to do as an investor.

We looked at their 3 rental properties, and all had different options to develop.

Minor dwelling: Minor dwelling is a 2 bedroom unit and was the sort of project for investors that owned properties larger than 600sqm in areas like
South Auckland’s Manukau region, West Auckland and North shore. In the Unitary Plan now, the Mixed Housing Urban and Suburban Zone’s actually allow
you to build a second dwelling without subdividing. So if you looking at increasing yield you can now do 3-5 bedroom
homes without subdividing.

We looked at his properties and recommended that he subdivides and build a second dwelling instead. 

Second dwelling & Subdivision: The benefit of the subdivision is the property is split into new titles and as an investor you get to realise a
great capital gain, use that equity to leverage on other developments or purchases and expand your portfolio.

Having a new perspective on what could be done on their properties, the client decided that subdividing their property and building...