Hi,
Recently I bought an IP in Sydney's inner west. It was a 5br house, and the block was about double the size of the others in the street. It also had 2 kitchens. So I decided to put a wall down the middle, and a fence down the middle of the yard, and make it into 2 residences, so it's sort of like two semis. Both are a decent size, quite nice places and rented easily. So far, so good...
BUT, when I made the changes, I didn't get council permission. I am now thinking about it and am a bit worried that maybe I should come clean and go through the proper council process. In hindsight, I could have made it more difficult for myself if I ever decide to sell, and there are also a few other improvements I want to make which would also need council permission.
I'm wondering what some of the more experienced investors on the forum think? Is it a good idea to tell the council even though I've already done the work? What would happen? Roughly how much will it cost me? (What would the fine be?, I also assume there would be costs associated with the DA process etc.)
It seemed like a good idea at the time, but now it's really bugging me. Thanks all for your help!
Cdro
Recently I bought an IP in Sydney's inner west. It was a 5br house, and the block was about double the size of the others in the street. It also had 2 kitchens. So I decided to put a wall down the middle, and a fence down the middle of the yard, and make it into 2 residences, so it's sort of like two semis. Both are a decent size, quite nice places and rented easily. So far, so good...
BUT, when I made the changes, I didn't get council permission. I am now thinking about it and am a bit worried that maybe I should come clean and go through the proper council process. In hindsight, I could have made it more difficult for myself if I ever decide to sell, and there are also a few other improvements I want to make which would also need council permission.
I'm wondering what some of the more experienced investors on the forum think? Is it a good idea to tell the council even though I've already done the work? What would happen? Roughly how much will it cost me? (What would the fine be?, I also assume there would be costs associated with the DA process etc.)
It seemed like a good idea at the time, but now it's really bugging me. Thanks all for your help!
Cdro