What you need to know about dual occupancy when it comes to selling

Your dual occupancy home may be perfect for now, but what if things change and you need to sell? Here are some important tips to note.

24 November, 2022
What you need to know about dual occupancy when it comes to selling

For many families and developers/investors, dual occupancy living reveals a range of benefits, like better flexibility and affordability, which is why these homes are becoming more and more popular in Australia.

While you may be thinking about all the benefits of a dual occupancy home for your lifestyle, it’s important to also think further into the future when you and your family’s situation may change, and you may want to sell your home, or perhaps you’re a developer who is building to sell. 

Here’s a rundown of everything you need to know about dual occupancy and its differences when it comes to selling. 

What is a dual occupancy?

First, let’s look at the specifics of what dual occupancy means. It refers to having two separate dual-living homes, each with a dedicated entrance, amenities and backyard. 

According to the NSW Department of Planning, dual occupancy is “two residences on one title, either connected or detached.” Essentially, it’s the practice of utilising a single dwelling unit as a home for more than one family simultaneously. This is distinct from having a supplementary residence or a granny flat situated at the back of a piece of property.

This is ideal for multigenerational families who plan on having ageing parents or children move in or continue living with them. Depending on the occupancy needs, dual occupancy homes can be attached or detached. 

Torrens Title vs Strata Title

When we look at subdividing in NSW, we have to first look at the type of title that it falls under. Torrens Title is the traditional form of ownership, where you are the sole owner of both the house and the land. A property that is Strata Title, on the other hand, can be co-owned by several owners (like a townhouse or apartment). This means that you share responsibility through an Owners Corporation for all the common areas such as roofs, gardens and driveways.

Can dual occupancy be sold separately?

The only way dual occupancy can be sold separately is to get the home onto two separate titles and subdivide them. With dual occupancy subdivision, you build two dwellings on one existing single title, and then subdivide the lot to create separate titles. This means that every individual dwelling in the dual occupancy can be formed as a Torrens Title lot. This way, you can keep one and sell the other (as each has their own separate title). However, this is always subject to compliance with development standards and council approval. 

Depending on your council, a dual occupancy subdivision is achievable for both attached and unattached dwellings and can be divided into either Strata or a Torrens Title, but it will take some research and work. This is where ES Design, as experienced industry professionals, can assist in navigating through the process, ensuring all due diligence is exercised.

Be smart with your dual occupancy floor plans

Whether you’re a homeowner or an investor, dual occupancy floor plans are important for the home you want to live in or sell. 

How you design your home’s floor plan and façade affects its suitability on the market and, ultimately, its earning potential. This is particularly important for developers/investors and homeowners who want to use the second dwelling as a form of income or for profit. Open floor plans, premium fixtures and fittings, as well as functional features like double-glazing and solar lighting, will make your property more attractive and give you great results.

Use the services of an all-inclusive design company 

ES Design does more than prepare your design documents. They also manage the entire process. As certain certificates and approvals are needed before you begin to construct (e.g. DA approval), it helps to have one company as the singular point of contact and in control of the entire process.

So before making any decisions, let ES Design take you through the design process step-by-step. With a wealth of experience and knowledge about what makes great design, we’ll provide you with the best advice and guidance to maximise your property’s potential. To find out more about our services, call us on 0460 000 000.

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