Wondering about the process of buying a dual occupancy home, and how Dual Key Homes can help you find the right investment and make it yours?

Then you’ve come to the right place!

Here we run through the process of getting you your next investment property, how we simplify the process for you, what homework you need to do, and how to get started.

Step 1: Getting the location right

Location location location! The suburb you select for you investment property is probably the most important choice you will make. It’s vital that you choose an area that has good infrastructure, strong capital growth, a desirable demographic, good rental returns, as well as a high demand for rental properties.

The first thing we do at Dual Key Homes is to research. We find the best suburbs in South East Queensland that deliver the highest ROI, and are in decent proximity to the nearest CBD. Once we know the areas we want to target we move onto the next step…

Step 2: Hunting for that perfect block of land

Sourcing the land can be one of the trickiest parts of securing a dual occupancy home investment. Blocks need to be the right size, and appropriate for construction. Not all land will be approved for dual key builds, and for good reason. Imagine a street made up entirely of dual occupancy homes- that’s a lot of people, a lot of cars parking, a lot of traffic, bins, not to mention visitors!

For this and other reasons, available blocks for dual occupancy homes can be a little hard to come by, let alone at the right price. We dedicate a substantial amount of time to sourcing high quality land at the right price, preventing overcapitalisation by you, the investor.

Step 3: Selecting the right build

You can spend a huge amount of money having home designs drawn up, especially when selecting a design that requires extra features such as separate entrances and a soundproof firewall as is required for dual occupancy homes.

Years of experience in this industry have given us insight into exactly what is needed (like hard wearing flooring) and what can be excluded (like stone bench tops) to optimise a design for use as a tenanted investment property.

We have a full range of different home design plans tried, tested, and ready to go to suit different block sizes and types. This works out to be a huge saving in not only your initial investment amount, but also time. We know exactly what a turn key build will cost, so that we can then move onto the next step…

Step 4: Calculating Return On Investment (ROI)

We know that as a smart investor, this little number means big things to you. Along with the price of your initial investment, projected ROI % is going to be one of the most important deciding factors in selecting your investment property.

Using historical and current suburb data, land price, build price, rental income appraisals, and estimated ongoing costs, we are able to provide you with the information you need to make your decision.

And it’s really quite simple, what we specialise in is cashflow positive investment properties. If we crunch the numbers and the ROI isn’t right, we just don’t offer builds for those blocks.

Step 5: Putting the package together

Once we know we have our hands on some great investment opportunities, we bundle everything together in a downloadable PDF that gives investors everything they need to know to make their purchasing decision. ROI calculations, home plans and specs, facades, land site maps, inclusions, and full price list in just one click.

Step 6: You submit your Expression of Interest (EOI)

If you have your eye on a particular property, you can submit on EOI form to us. It is first in best dressed, and competition for buying these homes can be fierce at times, so the sooner you get this sent through the better your chances of securing a contract.

Step 7: You sign the contract

Congratulations! You’ve done your homework, thought it through, and found a fantastic investment property that you are ready to purchase it… Let’s get that contract signed to secure your purchase. Remember that there are no holds in this game, and these homes are in high demand. If you’ve invested your time into making this decision, now is the time to act fast to make sure all that effort isn’t for nothing.

Step 8: The build

You have purchased your home, and now comes the build. We give you a guaranteed build time, with regular progress updates along the way. Dual Key Homes are turn key- no extra costs for driveways, turf, landscaping etc. When you get the keys, it’s move in ready.

Step 9: Start generating returns

Now your investment starts to pay off. Get tenants in and start funnelling the two income streams back into your investment. Take advantages of those tax deductions. Watch your property grow in equity.

Step 10: Plan for the next one

Your financial strategy is probably to accumulate multiple investment properties over time, and the Dual Key Homes cashflow positive investment strategy allows for an accelerated timeline. One home offers 2 rental income streams, two homes offer 4, three homes offer 6 etc.

Planning ahead of time with your financial adviser can help you to make outcome based decisions to get you the level of passive income that you require for retirement, or whatever your financial goals are.