All Topics / Creative Investing / Converting semi-detached houses into 2 titles

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  • Profile photo of beno999beno999
    Participant
    @beno999
    Join Date: 2005
    Post Count: 6
    March 18, 2006 - 4:35 am

    Hi everyone,

    Does anyone know anything about converting 2 semi-detached houses, currently on one title, into two separate titles. Would it be easier to make them community titles ?

    Thanks,
    Ben

    Profile photo of andrewurbanskiandrewurbanski
    Participant
    @andrewurbanski
    Join Date: 2006
    Post Count: 6
    March 27, 2006 - 11:58 am

    You’ll need to telephone the local council and speak to a town planner and ask him what are the rules for splitting it into 2 titles.

    Profile photo of Nathan HouareauNathan Houareau
    Participant
    @the-general
    Join Date: 2006
    Post Count: 107
    January 18, 2007 - 4:15 pm

    Hi

    When we say semi-detached, we are talking about duplexes right?

    If so, what are the financial benefits behind “splitting” the title?

    Your answer to this post would be Greatly appreciated.

    Regards

    Nathan

    Nathan Houareau
    Email Me | Phone Me

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    January 19, 2007 - 7:24 am

    G’day Nathan,
    You’d normally split the semi-detatched property into two titles to sell them separately. Generally you will make more money from selling two properties rather than a pair of semi-detatched. Also, at the time of subdividing one should try to assign land to both the titles and minimise any common areas.
    Regards
    Sanjiv

    “There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Viewing 4 posts - 1 through 4 (of 4 total)

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