And the advantages of Knock Down Rebuild
are even more apparent in the light of a recent
Land Use Regulation report noting that house
values have risen disproportionately to building
costs. This means building afresh is potentially
more affordable than buying an existing home
– especially if your section is in a great location.
Subdivide: The newly released Auckland
Unitary Plan includes regulations that provide
for higher housing density than had previously
been possible in many suburbs. This makes
many sites now subdividable where they hadn’t
been before. And these changes pave the way
for Infill Housing. This is the building of further
dwellings on an existing site, by sub-dividing the
property. Essentially, this means putting a new
house, or units, on your section, a move that can
be extremely financially rewarding.
On a social level, Infill Housing is great for
bringing new housing stock into a desirable,
established suburb, with good school zones.
Plus, the increase in house numbers allows for
improved neighbourhood amenities, with more
local shops and cafes, better public transport
and better roading – benefitting everyone.
It can, however, be difficult to know if your
Above: Whether it’s spare room
at the back or spare room at the
front, subdividing your property is
a relatively easy way to unlock the
value of your greatest asset. You can
build a house on the freed-up land
and sell it, or even sell both this and
your existing home. Teaming up with
an experienced home builder such
as GJ Gardner can help you with a
range of options designed to ensure
you get the most out of your land.
search | save | share at
XXX