Forum Replies Created
Thanks
That should kick us off nicely
Regards
jonbren[biggrin]Thanks guys for your input, however of the resource books which one is specific for our starting point, should we buy them all or purchase the $1M in one year, fast track 2 combo or one of the other resources in the online shop
regards
jonbrenProperty development can have a fair amount of hidden costs, the biggest is holding costs while you negotiate through council approvals this can take upwards of 12 months
Plenty of other people see a fair bit of your money on the way from concept to construction
Architects, engineers, surveyors, building certifiers, council & other utilities require you to pay contributions on release / approval of your final consent
Costs for consent could be as high as 25% + of purchase price if your plans dont stack up at council initially
Having said all that some deals can be attractive particularly if you can hold the property at minimal cost whilst you wade through the council consent minefield
Most developers run some sort of a feasability program on a site which assits them in making up their minds
Local councils should have a set of documentation regarding all of their requirements re developing a block, zoning requirements, street frontage requirements, concil contribution % rates, what you are able to build on a block, types of required construction methods, quota / saturation rates for types of dwellings in certain suburbs etc, etc
Bit of a minefield, a local architect or building consultant/certifier may be able to advise you (at a cost no doubt) what you can do with your block
regards
jonbren
