THE ADVANTAGES OF A DUPLEX DEVELOPMENT JOINT VENTURE WITH US:
Stay in the neighbourhood you know and love.
No additional financial outlay by you to fund construction.
In many cases an additional cash bonus is paid by us, on top of us covering all development costs.
Rental assistance provided during build.
No additional Stamp Duty, sales commissions, builders margins & relocation costs.
Brand new, efficient home with less maintenance and upkeep - one that suits your needs today & in the future.
BPG funds & manages the entire pre-development & development process.
Grow your investment portfolio without carrying all the burden alone.
6 year structural warranty.
A trusted and reputable builder with you every step of the way.
Over the last decade, perceptive homeowners have recognised the advantages of re-developing their existing homes into a dual occupancy (or duplex) development, instead of simply renovating or selling & moving.
However recent changes to home building laws in NSW mean that owner-builders can no longer build their own duplexes & a builder now needs to be engaged to carry out the works. This new requirement adds a significant cost to the development, putting more pressure on the budgets of already heavily mortgaged individuals & families.
But what if it were possible to build a duplex at NO cost to you? Through our Joint Venture program, it is.
By partnering up with us, you no longer need to take out a construction loan or come up with the cash required to fund the duplex development.
When you qualify for a Duplex Development Joint Venture with Bayswater Property Group, we cover the planning & development costs of both dwellings, & at completion you will own your own brand new, home, while Bayswater Property Group will retain the other.
In simple terms, you provide the land & we provide the rest. In many cases we also provide a cash bonus to home owners in addition to covering all costs.
This Joint Venture program is a great option for :
Individuals or families who are already heavily mortgaged, & wish to upgrade their home without injecting any more of their own capital or who are unable to get additional finance to fund a development.
Those wishing to downsize or who are planning for retirement but who don’t want to move into a retirement village. This option allows you to maintain your freedom & independence in the neighbourhood you know & love.
Property investors who wish to redevelop a new or exisiting asset, but don't have the capital or time to manage the process.
Anyone who wishes to reduce their level of debt
For those who wish to grow their property investment portfolio, we can even source suitable duplex sites for you, & enter into a joint venture this way.
The opportunities are many & varied. Connect with us to find out more.