C3 - Remaining in Your Current Home and Building a House on the Subdivided Section to Sell

If you are happy living in your current home and neighbourhood but your section is getting a bit much for you or you need some additional income but you would like some control over what is built next to you, 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 property as a larger section 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. So, it is important that you take these factors into account when planning and designing the subdivision and new building.

For more information

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