Hello all,
it has been a while since I have posted but I have a decision to make and wondered where to start. I have been tasked to provide options to a friend who owns a property on Clendon ave just off puhinui road in manukau. The section is 809 sq metres and I suggested to him that he subdivide it and build two homes...then rent them out. He is not interested in selling as he is a buy and hold investor. Prime property in my opinion but I am not sure where to start. Do I go to council and ask what can be done and then build to the maximum allowable? I certainly would want to get as much equity as possible for him from this so that this can be recycled and put into something else upon completion of the build. Also what is the best type of house to build in that area to let out? Brick and tile? Single storey? Would double storey homes produce more equity? By my thinking, a double storey home would use less footprint of the land for possible future expansion and build up Instead? How does the unitary plan affect him? Hope this makes sense! Thanks in advance
it has been a while since I have posted but I have a decision to make and wondered where to start. I have been tasked to provide options to a friend who owns a property on Clendon ave just off puhinui road in manukau. The section is 809 sq metres and I suggested to him that he subdivide it and build two homes...then rent them out. He is not interested in selling as he is a buy and hold investor. Prime property in my opinion but I am not sure where to start. Do I go to council and ask what can be done and then build to the maximum allowable? I certainly would want to get as much equity as possible for him from this so that this can be recycled and put into something else upon completion of the build. Also what is the best type of house to build in that area to let out? Brick and tile? Single storey? Would double storey homes produce more equity? By my thinking, a double storey home would use less footprint of the land for possible future expansion and build up Instead? How does the unitary plan affect him? Hope this makes sense! Thanks in advance
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