Dual occupancy builders specialise in duplex construction. This type of property is built on a single piece of land but is able to house two occupants. Think of it as a house that’s divided into two, with both sides having its own front door. They’re a great option for people who want to purchase properties on a budget. If you’re thinking of having this type of house built, here are a few tips that should help.
Dual Occupancy Builders
Start with a budget.
The most important aspect of planning for construction is the budget. Building a house is a huge investment. In fact, most people prepare for years to achieve their dream home. Furthermore, it’s quite rare for people to buy property in full cash. Most opt for loans that they have to pay over the pan of a few years. This requires a stable, steady income.
If you’re opting to go for a loan, make sure you get something that’s feasible. Some people make the mistake of borrowing too much at a rate they can’t afford. This can lead to problems down the road. You want to know that you can sustain the monthly repayments until you own the home fully.
To determine how much you can afford on loan repayments, calculate your monthly expenses. Include your food, transportation costs and other expenses. Subtract the total from your monthly income. Subtract another 15% from the total – this counts as your savings. What’s left is the maximum amount for your monthly repayments.
Find a licensed builder.
Once you have your finances in order, it’s time to find a qualified builder. Professionals who do construction works are required to get licensing in Australia. This should be a non-negotiable aspect of finding a contractor. It protects both you and the expert from liability. You can be sure that the professional is adhering to state building regulations, whilst they can perform work with the safest practices in mind.
Apart from licensing, experience and reliability are also important. Optimal Homes are one of the most trusted dual occupancy builders in Melbourne. They make high-quality houses at affordable prices. Call today to learn more about their services!