Altitude Homes work closely with an experienced development management company to provide a complete subdivision service.
Small land subdivisions from a 1 into 2 or up to 1 into 4 are often a great way to increase profitability of a Rooming House. Many of our existing clients have subdivided sites for Rooming Houses for the following benefits.
If there is not land available in the area that you would like to build, an existing house can be knocked down and the land subdivided, to create available building sites.
The increased equity created through the creation of new lots can be used to either sell sites to decrease the debt on the remaining lots or build on all lots, decreasing the cost per lot.
Development Managers can assist in all aspects of subdivision including
- Identifying a suitable site
- Conducting due diligence and producing feasibilities
- Vendor negotiation based on site findings
- Funding solutions
- Demolition, applications, planning and approvals
- Real-estate sales service if you choose to sell.
