Web Ref No CNLD-7605

FIXER UPPER

Here is an exciting opportunity to develop the property!

1. Renovation and Expansion: Since the current house is built in the front on a sizeable 1000m² stand, you could renovate and potentially expand the existing house. This could involve upgrading the basic kitchen, enhancing the living areas, and possibly adding more rooms or amenities if the zoning regulations allow.

2. Building a Second Property: With the back yard available, you have the option to erect a completely separate second property. This could be a standalone house or even multiple units if zoning permits. Consider the market demand in this area—single-family homes, duplexes, or even a small apartment building could be viable options.

3. Rental Income Strategy: You could rent out the existing house while developing the second property. This could provide immediate income to fund the project.

4. Resale or Long-term Investment: Determine if your goal is to sell the properties once developed or hold onto them for rental income or personal use. This will influence your design choices and financial planning.

5. Environmental and Zoning Considerations: Before proceeding with any construction plans, ensure you understand local zoning laws, environmental regulations, and building codes. This will prevent costly setbacks or legal issues.

6. Design and Aesthetic Choices: Think about the architectural style and layout that will appeal to potential buyers or renters. Modern, energy-efficient designs often attract higher interest.

7. Budget and Financing: Develop a detailed budget that includes all construction costs, permits, landscaping, and any other expenses. Explore financing options if needed, such as loans or partnerships.

Starting a new project like this can be exciting and a future investment!