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Does the area around your block show similar development? In...

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32

06/10/15

17:13

Post #: 16124521
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Originally posted by booz ↑

I own a site on which (in all probability) three town houses can be constructed but I don't yet have a DA in place.

I'm considering selling. So would obtaining a DA enable me to achieve a higher selling price?

I've had discussions with a Town Planner. They maintain that getting DA would not be an issue and put the cost at between $10,000-$15,000.

So the question is whether or not obtaining a DA would result in more profit?

Some Agents say yes and others say no?

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Does the area around your block show similar development?
In other words will a buyer be able to see for themselves that further development is feasible?

The DA will only be of interest to small developers the bigger ones will know how to achieve 3 or more on the block so the cost of you getting it would be wasted

Just my opinion
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