C2 - Selling Your Current House and Building and Living on the Subdivided Section

If you are happy living in your current neighbourhood but your home isn't quite meeting your needs, this may be an option to consider.

Pros

Cons

What do I need in order to take this option?

Could this option limit my future choices?

Yes, if the subdivision has a negative effect on the later resale value of your home, for example, if the original larger property would have had a stronger selling potential. Also take into account the fact that you will have new neighbours - possibly living quite close to you, depending on the size and placement of buildings on the subdivided sections.

For more information

Talk to your local council, your lawyer and other relevant professionals (such as surveyors, architects and builders).