Monday 7 April 2014

See What Mess Could Happen If You Own A Block of Town Houses!

This is mostly for  buyers who want to develop on the land and building median density housing, like  duplexes or individual town houses.

You have to Check  your Council's Local Environmental Plan to see that after development whether you can sell one property individually and keep the one or sell them together. What I am trying to say is, Council may block you from selling one of them due to Titles, so ensure all Titles of each property is completed, with completion of the building being finalised.

I know someone that wants to live in one Town house but has to see both Town houses and moved out because of the Local Environmental Plan!

Importantly Check Local Government Zoning And Any Intended Changes!

If all agents were honest to you, they would all ask you to check local government areas zoning's and or proposed zoning changes, which may affect the price of your property either in a positive or negative way.

The zoning changes could be detrimental to yourself, if there is zoning for industrial changes or  for a higher density housing or even for  high rise business business building or large development  shopping applications. If you do not do your research yourself - you can ask your legal representative to chase this up for you.

A lot of Council have a Local Environmental Plan - if this is located on their website, check out their mapping of zones, to where your property fits in!

I hope this is help advice to yourself!