Can You Sell A Duplex Separately?

Granny Flats

For savvy investors and Sydney homeowners, the need for a good deal is like an itch that won’t go away. They are always on the lookout for great opportunities to maximise their returns and yield handsome profits. And perhaps, that’s how the concept of dual occupancy homes came into the picture.

Dual occupancy homes are strategically designed to accommodate two independent tenants, thus maximising the opportunity to generate dual income without having to buy and build on two separate lots. Moreover, since the land available to build a duplex in the Sydney metro area is relatively cheaper than the ones needed to construct two independent-family houses, it becomes a no-brainer to get in touch with one of the best duplex builders in Sydney and bring your dual occupancy property vision to life.

However, benefits aside, there’s an important question to tackle: can property owners choose to sell a duplex home separately, or must it be sold as one unit? That’s precisely what we are here to uncover. In this article, we’ll explore the intricacies of duplex ownership and sale, shedding light on the options available to property owners in Sydney’s dynamic housing landscape.

What is a Duplex?

A duplex home, also known as dual occupancy, is a housing configuration that allows for two dwellings under one structure. The dwellings are separated by a shared wall, with each side featuring its own entrance, amenities, and yards. These dwellings can:

Either be on a single land title, necessitating joint ownership and sale, or
On separate titles, allowing for individual ownership and sale.

To ensure you get a well-constructed and modern duplex, it’s recommended to trust a reputed duplex home builder in Sydney. From sleek, contemporary dwellings to traditional and elegant-looking ones, they can translate your idea of a perfect duplex into a beautiful reality.

Selling a Duplex – Legal and Regulatory Considerations

Can you sell a duplex separately? Well, the answer is both yes and no, depending upon varying circumstances.

If all dwellings are located on a single land title, the property owner can only sell them jointly. However, if the duplex home is subdivided into two separate titles, homeowners can sell them separately.

Most homeowners choose to build duplex homes because they enhance the property value and are much cheaper to build than two separate homes. Nevertheless, it is important for homeowners to work with reputable duplex builders Sydney so as to attain a building insurance policy that will cover both spaces, avoiding legal complications in the long run.

Talking of legal complications, it is important that both halves of the property are sold at the same time, if there is just one title. Selling them separately may lead to legal troubles. To make an informed decision, you are advised to engage with your local property lawyers and real estate experts to ensure you understand all the ifs and buts of your unique case.

Benefits of Duplex Ownership in Sydney

There are several advantages of building a custom duplex in the Sydney region, Central Coast and NSW South Coast areas. Here are the top ones to spark your interest:

High Cash Flow

Do you love your home and its perfect location? Let others love it, too!

Expert duplex home builders Sydney can design you a stylish duplex home to rent out to tenants. You may choose to stay in the first dwelling and rent the other unit, or you may choose to rent all two dwellings and get more returns.

Flexibility

In most cases, building a duplex is a lucrative proposition as it brings a wealth of flexibility for homeowners. Here are some of the best-case scenarios:

Living and Renting: With a top-quality duplex, your family can live in one unit and rent the other for a steady inflow of cash.
Family Proximity: Do you have elderly family members that deserve care and attention? If yes, you can house them next door and assist them easily.
Transform It Into a Full Rental Property: If you live somewhere else, the most attractive proposition is to rent out both units and leverage maximum income.

Cost Efficiency

As aforesaid, building a duplex is a relatively affordable option than constructing two freestanding single-family homes, as it requires only one plot of land.

Important Considerations for Building a Duplex Home in Sydney

To build a stylish and functional duplex home in Sydney, you will need to locate a piece of land suitable for construction.

Generally, duplex homes call for large, dual-frontage blocks and appropriate zoning to create room for the subdivision of the property into two halves. In Sydney’s real estate market, it may be hard to come by such a piece of land, especially if you are looking to build your duplex home in a fully developed location.

Moreover, you must keep in mind that the subdivision of the property into two separate slots is not just a DIY type of project! It requires the knowledge and expertise of duplex home builders to acquire the right size and appropriate zoning. Make sure to consult with professionals to avoid problems in the near future.

Lastly, if you choose to buy a piece of land that does not have the necessary permits, be prepared to spend some amount of money. This is because when you purchase land without the required permits, you are required to apply for the necessary permits after you buy the land. To save you some cash, we recommend you acquire the property on a block that has already been authorised.

How to Sell Your Duplex Home For the Best Price Possible

Research is Key: Before you get home builders Sydney to construct your duplex home, ensure you research until there is no more to research. You need to know the type of duplexes available in the chosen area and the price for each. This way, you will have an estimated value for your property.
Single vs. Dual Title: If you plan to sell your duplex home in the long run, ensure you get a dual title. When there is just a single title of the duplex, both dwellings have to be sold at the same time. Dual title unlocks the possibility of selling the duplexes separately, allowing you to cross-sell.
Location is Key: This goes even without saying! The location of your duplex home will affect the sale price. If you want to maximise your returns, your location criteria should include proximity to parks, restaurants, shops, schools and other amenities that make living seamless.
Staging and Styling: To be honest, building a basic duplex home will not make you stand out when reselling. You need to restyle your home by adding functional and space-efficient features such as custom built-in wardrobes and multi-functional furniture. Fortunately, you can have duplex builders Sydney incorporate appealing features that enhance your property value.

Trust Professional Duplex Builders To Design Your Duplex Project

Now that you know the ins and outs of duplex homes, are you ready to make the bold move of starting the construction process? If yes, trust Brickwood Homes to turn your dream into reality.

With our team of experienced duplex home builders, we ensure a seamless experience from planning to completion. Let us help you maximise your investment and create homes that stand out in the market. Contact Brickwood Homes today!