Many homeowners don’t realise how straightforward the subdividing process can be and the opportunities that are sitting in their own backyard. Subdividing your property and building a new home is a great option to make the most of unused land, potentially offering you very good financial rewards. Signature Homes has created a one-stop solution we call Subdividing Services, which combined with Lifetime's specialised finance services, makes the subdividing process a breeze.
You may decide to subdivide and sell the new property or subdivide and keep your new home to rent out for potentially better returns over a longer period. Whatever your decision, our planning team handles every aspect of your subdivision, including processing consents with the council and all third party works, such as surveyors and earthworks, right through to installing services on your new section (and of course building a new home on it!)
Once you have established the feasibility of subdivision on your section with Signature Homes, Lifetime's financial advisors will undertake a financial plan and review with you including establishing what you can borrow, and what the bank’s requirements will be for the process.
Lifetime can help determine whether keeping or selling the new home is best for your financial position and talk you through the relevant ownership structures and tax considerations for each option. To find out if you qualify, click here.