Hi guys im trying to help a friend that has inherited approximately 26 acres in yarramolong valley NSW.
My question is what is the best way for her maximize the value of the land, I believe the land is zoned residential and not in flood zone.
Funds are limited to none
Would a developer/investor be prepared to fund for a share in the profits…
Any suggestions welcomeIf you joint venture with a developer and you have next to no funding then you will find that you will receive very little of the end profit Under 10%. Prob less then that they would rather buy the land off you on some type of long settlement for a year whilst they make all the money.
If you had some funds at all you could try and get a development approval for the maximum about of sites if zoned residential on the area.
and then onsell. You would of maximized the properties value to the best of your ability instead of selling as raw land. but you will need some money to pay for the development application and associated planning fees and auxiliary charges.
Sometimes the best way to maximize the land is just to sell and use the money elsewhere. Without prior developing/planning experience your friend could end up on the wrong end of the stick due to inexperience/getting taken advantage of
Excellent wilko1 makes sense
Thank you
You must be logged in to reply to this topic. If you don't have an account, you can register here.
