Multi-generational living or a home and income dream
7 July 2022
The dream of owning your own property and acquiring an investment property has been made possible in the easiest, simplest and worry-free way by the team at Generation Homes Auckland North.
A visit to the Woodlands Rise Home and Income Show Home at 37 Maraeariki Avenue in Orewa is a great way to experience an example of this clever option and gain an understanding of how affordable a home and investment package can be.
Alternatively, the show home demonstrates how the team have become specialists in the design and construction of lovely homes where two or more generations can live privately alongside each other.
These large properties comprise a main dwelling of three or four bedrooms with two bathrooms and normal kitchen, lounge and dining areas with a double garage. Adjacent is a minor dwelling with two bedrooms, an open plan lounge and dining area and a fully equipped kitchen, its own deck and off-street carpark.
While the two dwellings are under one roof, they are completely private and sound-proofed from one another.
The minor dwelling easily doubles as a home for Grandma and Grandpa or a private pad for the independent teenager or student, known as a ‘multi-generation home’. The smaller dwelling also makes a spectacular work-from-home space for businesspeople.
Generation Homes has land sections that are large enough to accommodate a single-level home and income project in Tui Rise in Warkworth, Parkview in Helensville, Milldale, and Pacific Heights in Orewa.
If you own a section or lifestyle lot where you would like to develop your dream home or a home and income project, or simply to construct a secondary dwelling, we can help you.
There’s great potential for rental income. At Tui Rise in Warkworth for example, a land-and-build package on a 600m2 section is priced at around $1.35 million. The expected weekly rent is $750 for the main dwelling and $550 for the minor one.
This makes an exceptional purchase for an investor wanting to rent out both properties. Or, empty-nesters can choose to live in either dwelling and rent out the other, creating opportunities for lock-up and leave travel or simply a fantastic pension supplement with a steady residual income.