Dual Occcupancy Costs
Thinking dual occupancy -ing your backyard? These are some costs you may incur!
The cost of acquisition of the land if you do not own it
The interest or holding costs
Your share of equity or the deposit which is usually 10% of the cost of the property if purchasing a property in Victoria
Stamp duty which is 5% in Victoria
Legal costs for conveyancing which could be anywhere around $1000
Town Planning Application fee which is around $700-$800 depending on the value of the construction costs and the finishes you desire
Subdivision permit fee of around $386 for a two lot subdivision
Bonds or contributions your local Victorian Council may request. Generally speaking open space contributions apply to three or more lot subdivision. A bond may apply to ensure the landscaping is completed as per approved plans
The Land surveyors fees which can be around $3000 or less depending on how much work is involved
The Architect and Town Planners fees which ranges from $12,000 upwards. Talk to us for our competitive fee structure which will bring a smile to your face. We love happy clients who refer our services!
The landscape consultants fee which is under $1000
A civil engineers fee for the drainage design around $ 900-1500
The structural engineer's fee which can be in the 2000 $3500 range depending on the type and complexity of the construction. Sloping land, poor soil report will affect the engineering and building cost
The fees to prepare Building Permit/Tender documents around $200
An arborist report if it applies. Arborists report on the vegetation on the land and on adjoining properties if applicable
The Building surveyors fee which can be upwards of $1500
A soil test report around the $450 mark
The cost of the construction which can be $1200-1600 per sqm and more depending on finishes and site constraints
The subdivision costs (providing services, crossovers, driveway,landscaping which can add up to $15,000 and more for a simple dual occupancy)
An open space contribution usually applies for three or more dwellings on a lot. The contributiion can be 5% of the landvale on the rates notice
A contigency amount to cover unexpected construction costs which should be 5% of the contract price
Total Costs to budget.
Stage 1- Town Planning Permit
Stage 2 - Building Permit
Stage 3 - Contruction.
Allolw at least 5% contingency amount for unexoected surprises which could occur!
Do your numbers or contact us for our detailed Sevice Costs and Workflow Process.