Hi everyone. I’m planning an article for PI.com called “Tips for First Time Developers”. This one will be based on an interview with a property development expert. With your help, I’m hoping to make this interview as relevant as possible.
If you were sitting face to face with an expert developer, what questions would you ask?
Jason Staggers | JasonStaggers.com
http://jasonstaggers.com
Email MeBasics like- How do you know a site is suitable for development (size, slope, easements, sewer etc)?
What types of blocks should you avoid?
What type of areas are best?
Common mistakes new developers make?
What type of development is good to start with (for newby’s)?
Is there a good/bad time in the property cycle to develop?
How do I know if councils are receptive to developments? Do some councils make it difficult?
Timeframe?
What’s a typical ROI?-
This reply was modified 9 years, 6 months ago by
Catalyst.
Hi Jason,
Is there a “rule of thumb” re how best to develop a smallish block e.g. is it as simple as “jam on the most 2 bedders you can fit” (or even 1 bedders in some areas)? Or can it be financially better to build a smaller number of 3bdrs? Are such decisions “area dependent”?
Pros and cons between townhouse/villa and/or duplex/standalone.Great questions, thanks! Keep them coming.
Jason Staggers | JasonStaggers.com
http://jasonstaggers.com
Email MeFinance
Residential vs commercial lending.No point looking at anything if the purchaser is not utterly understanding of HOW much they can borrow, HOW much equity or cash they have and HOW much they need to fund deposits, keep LVR’s in check, hard and soft costs. Ultimately that determines where and what type of development they should look for and subsequently what council areas are within their price brackets and have profitable development polices that allow “developers” to capitalize on those Development Plans.
Look forward to the article Jason.
And welcome to the forum!
I would ask about getting plans through council. Myself, and others I know, follow town planner’s advice, planning schemes etc. to the letter only to be rejected by council then successful in VCAT. It would be nice to avoid VCAT as often as possible!
What you should look for in a builder, and how to source them.
Major pitfalls to be aware of along the way.
Andrew
itsandrew
Go as far as you can see and you will see further.
How to take it to the next level from duplexes/townhouses/small subdivisions to bigger developments with higher margins….?
I own the land with an old house and wish to develop it myself if it is feasible, instead of just selling to a developer but know very little about developing. I am retired so low income. I am wondering would it be better to go into some type of joint venture ..to have the partner be responsible for getting the finance to construct as my contribution is the land.
Also how do I go about having a feasibility study done to know if this is viable. Which type of companies do them? Sorry if all these questions sound to basic!Profit margins
Multi borrower mortgages, how they differ lvr, issues
How to find out you can subdivide before you buy
Advantages of using professional companies vs trying it alone
Minimum recommended project cost for 2 units 3 unit 4 units etc
Minimum recommend land size for same
Tax implications gst cgt-
This reply was modified 9 years, 6 months ago by
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