{"id":1175,"date":"2023-06-06T12:28:03","date_gmt":"2023-06-06T12:28:03","guid":{"rendered":"https:\/\/www.summithomes.com.au\/south-west\/journal\/uncategorised\/benefits-of-building-a-front-or-rear-strata\/"},"modified":"2024-04-24T05:56:07","modified_gmt":"2024-04-24T05:56:07","slug":"benefits-of-building-a-front-or-rear-strata","status":"publish","type":"post","link":"https:\/\/www.summithomes.com.au\/south-west\/journal\/benefits-of-building-a-front-or-rear-strata\/","title":{"rendered":"Benefits of building a front or rear strata"},"content":{"rendered":"

Unlocking the wealth potential within your existing property is a popular move among many Perth homeowners.<\/p>\n

Zoning changes are enabling many people to unlock investment opportunities in their front or backyards by building a house behind a house (otherwise known as a rear strata) or a front strata (house in front of a house).<\/p>\n

Homeowners with large blocks can live in the comfort of their home whilst undertaking a relatively easy development, making it a popular choice for first time developers.<\/p>\n

Once the development is complete you have the option of renting the property out, selling it or living in one.<\/p>\n

Options for building on your existing\u00a0property<\/h3>\n
    \n
  1. Keeping your current home and building in your front or backyard.<\/li>\n
  2. Demolish your existing home and develop the entire property.<\/li>\n<\/ol>\n

    Benefits of developing your front or backyard:<\/h3>\n
      \n
    • If you do your research and carry out a feasibility study, developing your property can be a profitable venture.<\/li>\n
    • Turn that high-maintenance backyard into a healthy profit and make your land work for you with increased equity.<\/li>\n
    • It can generate multiple rental incomes. If you subdivide and create a duplex or triplex development, you can double or triple your investment income.<\/li>\n
    • Remove the added worry of sourcing alternative accommodation whilst building your added property.<\/li>\n
    • Sourcing finance and gaining council approvals is generally more straightforward than other types of developments.<\/li>\n<\/ul>\n

      Can I develop my front or backyard?<\/h3>\n

      The experts at Summit can help you in your journey to find out if this development opportunity is right for you.<\/p>\n

      The team specialise in subdivisions, including triplex, strata and duplex developments and are able to assist you in determining the best way to maximise your site\u2019s potential.<\/p>\n

      They can discuss the regulations of the Residential Design Codes of Western Australia, commonly known as \u2018R-Codes,\u2019 and what developments your local council permits.<\/p>\n

       <\/p>\n

      Thank you to Summit Homes Senior Development Consultant Ewan McConnell for your tips for this blog.<\/em><\/p>\n

      INTERESTED IN DEVELOPING?<\/h2>\n

      If you would like to optimise, secure and protect your wealth, speak to one of our senior development consultants today.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Unlocking the wealth potential within your existing property is a popular move among many Perth homeowners. Zoning changes are enabling…<\/p>\n","protected":false},"author":1,"featured_media":1176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[146],"tags":[],"acf":[],"yoast_head":"\nBenefits of building a front or rear strata - Summit South West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.summithomes.com.au\/south-west\/journal\/benefits-of-building-a-front-or-rear-strata\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of building a front or rear strata - Summit South West\" \/>\n<meta property=\"og:description\" content=\"Unlocking the wealth potential within your existing property is a popular move among many Perth homeowners. 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