What Can You Build At Your Place?
Thinking of developing your land? There’s no better time to build and subdivide than now, says Brendon Hewett, Planning & Subdivisions Manager at Ashcroft Homes.
8 October 2021
If you own land and have always had in the back of your mind that one day it might be worth subdividing and building, now’s a great time to get the ball rolling.
The current business climate is well suited to those considering property development. Interest rates are at a record low – so mortgages are more affordable than they’ve ever been.
Money sitting in the bank is earning very little and could be put to better use.
Despite an increase in new builds, New Zealand is still short of houses, so demand is strong and house and rental prices remain high.
If you already own a property, you’ll likely understand that much of your property’s value is in the land.
If you can build and subdivide, increasing the number of land titles, there’s the potential for significant profits.
Return on investment
The cost of building is usually less than the cost of the land, so building on land you already own provides an excellent return on investment.
Property owners with large sections are taking advantage of the Auckland Unitary Plan, building a further one or two new homes on their land, generating wealth by either selling or renting these additions.
Other homeowners are looking to downsize and develop their property before putting it on the market. Why leave an opportunity for a developer to walk in and make the real profit?
Savvy landlords with rental properties on large sections are taking advantage of the low interest rates, building further homes to add to their rental portfolio.
We’ve all heard horror stories of new-build project blow-outs, where construction ends up costing a lot more than budgeted and taking far longer than expected.
Ashcroft Homes is a building company specialising in property development.
Over the last decade they’ve developed an end-to-end solution that minimises risks and maximises profits for their clients.
With all services, from consents to construction, available under the one roof, property development is a realistic option even for those building for the first time.
One way that risk is mitigated is through building to ‘Standard Plans’. Standard plans minimise risk in several ways.
It takes only a few weeks to turn around scheme plans for a proposed development using standard plans, compared to months for an original design.
With standard plans, clients know the build costs upfront and don’t need to spend on design and architect fees.
Standard plans already have council approval, so resource consents and building consents are achieved faster with fewer issues.
And by building to standard plans, Ashcroft can offer a Fixed Price Guarantee and a Guaranteed Completion Date.
In addition, Ashcroft Homes is a recognised Qualified Partner with Auckland Council, meaning the process of gaining Resource and Building consents is simplified and streamlined when applications are submitted by Ashcroft.
What could you build?
Interested to learn what opportunities your land may present? Book a free site evaluation report with Ashcroft Homes. There’s no cost and no obligation.
Book at www.ashcrofthomes.co.nz
Content partnership, Summer 2021
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