All Topics / Help Needed! / Development options on an investment property

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  • Profile photo of fishmeetfishmeet
    Member
    @fishmeet
    Join Date: 2009
    Post Count: 20

    I have owned an investment property in a Melbourne suburb for some years and am looking at my options for value add prior to sale. I have reviewed the council regulations on developing in the area and understand a little but it is clear that all plans must be submitted to council prior to development. I need to work out what is most likely to get approval.

    At this stage, depending on how the numbers work I could renovate the existing house and build one or possibly 2 others on the block. The council regulations are not abundantly clear about this.

    Do I seek out a local architect, building designer or is there another source of reliable advice?

    Profile photo of propertunitypropertunity
    Participant
    @propertunity
    Join Date: 2008
    Post Count: 136
    fishmeet wrote:
    I need to work out what is most likely to get approval. Do I seek out a local architect, building designer or is there another source of reliable advice?

    I would make an appointment with the Town Planner at the local council – he/she will be able to shed some light on your options.

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