Why Custom Duplex Builders can be your best foot forward!
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Savvy real estate investors on Goldy know that duplexes are the future of living spaces and investment returns in your area. If you are sitting on a large plot of land, you could earn more money by turning your old, sprawling house into a modern duplex.
Besides investors, many developers are looking to take advantage of the boom in your area. However, most project builders offer standardised designs that may not even fit your property specifications. Indeed, they will not stand out in a market full of duplicates from up and down the coast. Custom dual Occupancy builders are your best bet to make the most of your investment and get a property that meets your specifications.
If you are thinking about dipping your toes into real estate investment with a duplex but are not sure if now is the right time, here is what you need to know to help you decide on hiring a custom builder for your Duplex.
🤔 Why Build a Duplex on the Gold Coast?
The Gold Coast is one of the most desirable real estate markets in Queensland at the moment, if not all of Australia. More and more people are flocking to Goldy thanks to the relatively affordable cost of living and gorgeous coastline, making it a paradise for surfers and water enthusiasts. Everyone from families with young children to retirees has made their home here or is looking to build a nest.
However, the pace of real estate development has not kept up with demand. According to the Real Estate Institute of Queensland, as of spring 2021, vacancy rates were only 0.7%. Potential tenants are clamouring for a place to live, and with lockdowns ending, more and more people are hoping to move to the Gold Coast, but they don’t have anywhere to go.
Local governments are aware of this problem and are trying to incentivise building new properties and renting out space to tenants. While there are still council regulations to navigate (something that a duplex builder could help you with), many existing bureaucratic barriers have been lowered to incentivise building.
The right time to build a duplex on the Gold Coast is now, taking advantage of the booming real estate market and favourable government conditions. However, it would be best if you didn’t do it yourself. The right dual occupancy builders can help you maximise the value of your property, navigate council regulations, and create a house that you and tenants will want to move into.
👷 Choosing the Right Builder
Custom duplex builders do understand that not every lot or property is the same. Your Duplex should be tailored to your space and existing infrastructure, such as solar, gas or electricity hook-ups. Standardised builds do not take the diversity of different properties into account.
Even if you decide to opt for a standardised project build, many factors go into choosing the suitable model for your property. The right builder should be ready to consult with you and help you choose the right plan for your property. Custom builders tend to be more involved and block out time for client consultations.
The correct builder can consider an existing property that you have on the land. If you don’t want to knock down your current house, then a custom dual-occupancy builder can help you turn it into a duplex by adding an extension or an extra floor that you can share with another family. When you want some extra space but don’t want to knock down everything you have, a custom builder can help you navigate that balancing act.
🏠 Why Go Project Build When You Can Have Custom Builds?
There is a sea of real estate investors waiting to take advantage of the Goldy real estate boom with generic duplexes and dual-occupancy buildings. You can make your investment stand out with custom work from the right builders. Custom builds are more attractive and even more practical for a few reasons.
- Custom builds are more functional.
The problem with standard dual-occupancy builds is that they do not consider specific quirks of a lot, such as the electrical layout or existing hook-ups for utilities. A custom plan can accommodate existing infrastructure, and you can adjust it for functionality. Many standard project builds are designed to maximise cost for the project builder, not with an eye towards a better life for the future resident. Custom Duplex builds allow you to adjust for comforts such as better lighting, a larger kitchen, and more.
- Get rid of restrictions on design.
Many have limited layouts even when a builder offers several predesigned models to choose from. If you want to adjust the size or make one room more extensive, you do not have the flexibility to make those changes. On the other hand, custom dual occupancy builders are only limited by your imagination and resources, and there are no artificial constraints on what your Duplex can look like.
- Local knowledge enhances your build.
Many custom builders, such as Risen Developments, have extensive knowledge of their communities thanks to years of working with neighbours and other developments. The right builder can help you navigate legal and bureaucratic procedures. They can also advise you on which design layouts are more attractive to potential renters or buyers in your neighbourhood.
- A custom build can be more attractive to tenants.
Thanks to the location draw, many tenants are moving to the area, but they’re looking for other factors when searching for homes. Many families value functional layouts that include plenty of storage, additional security features, and practical additions such as a yard for families with pets. A custom build allows you to tailor your Duplex to the types of tenants you want to attract.
❔ When Should You Hire Custom Duplex Builders?
Duplexes are the future of real estate in Queensland’s most desirable area. A custom builder such as Risen Developments can help you harness this trend for long-term success. They will work around your property’s constraints, giving you complete design freedom. Thanks to years of specialised knowledge, they will also navigate the build process on your behalf.
Risen Developments is the leading choice for all home construction projects on the Gold Coast. We are a family-owned business with over three decades of experience. You can count on us for professional, responsive service. Our team works with you through every stage to ensure a less stressful process.
If you want to explore additional benefits of Duplex design or start discussing ideas, do not hesitate to contact us. Please fill out our online form today to arrange a no-pressure consultation.
(If you want to build a dual occupancy or Duplex within your local Gold coast municipality, this will provide Council building applications and guidelines. If you are within the NSW corridor and located within the tweed shire, please review the Tweed council New Home and Additions guidelines.)
Duplexes could be the perfect mix for existing families looking to downsize and live off the rental return or savvy investors who know how to invest strategically. A Duplex can be the perfect solution for Gold coast residents. Please don’t delay, and let’s chat soon! Risen, your local renovator on the Gold Coast, is only a click or call away, so please reach out to us today at 0404 REN OV8.