- darkness72Participant@darkness72Join Date: 2013Post Count: 51
I have various theories on crunching numbers when deciding at what price to buy a property for development purposes.
But am still wanting to learn more and refine this process.
Does anyone have a great method or know of a great website link etc to use – for making your own calculations for crunching numbers
ie: deciding your maximum buy price vs all costs / development costs and ensuring you come out on top, not a loss.
Gavoc1Participant@oc1Join Date: 2012Post Count: 148
The other part of this equation is to know your market i.e.
* what type of dwelling is in demand,
* what size these dwellings need to be,
* the type of finish,
* how many can fit on the block,
* how large does the block need to be,
* the resale values of the new dwellings etc etc.
Unfortunately no development calculator is going to give you that. Once you have the above info you can determine the other costs with a bit of research and plug it into an excel spreadsheet. It's not easy but not that hard either.
Oscardarkness72Participant@darkness72Join Date: 2013Post Count: 51
Yep – thats good thats pretty much what i do (even down to the cost per sq metre of land for an area … etc
just thought someone might have something extra out there
cheersFreckleBlocked@freckleJoin Date: 2012Post Count: 1,680