A-Z of Property development
Architecture of the site, the subdivision layout and project feasibility makes the development propel or flop
Build or Build over Easement. Its your land but you need consent to develop on it! Covenant- that dirty word for property developers. Mostly not harmful but beware of fine print. D is the darling for designers and developers. Do it once and well.Easements- can contain services bigger than Ben Hur ! or carry none Feasibility- do the numbers- construction cost plan, holding charges, net return all play a role in the property subdivision. F is also for flood levels- no basement can happen. Check for free board from the authorities Go for it otherwise you will always be on the fence and 10 years later regret Heritage overlays need checking- can you demolish or is it just an ineffective overlay Interest rates- too good to be true. I was paying 18% + in those scary days of development Joinery helps sell a property- don't crimp! Knowledge is power- when applied Levels on a sloping block adds to build cost Mezzanine finance is the start of trouble? Its also for Marketing Native vegetation needs careful handling Opportunity is around the corner- can you see it or did you drive past it ten times? Property,profit,performance,planning,permit the list is exhaustive Quest for knowledge Residential development- safe for first time developers Success leads to more development Time control Under develop or under utilise the use- no one wins Valuation- drive past or well researched makes all the difference Work together with council, builder, client and consultants then its a Win Win Win X Factor in Design wins Y is Yield and that matters to developers and subdivision Zero to Hero- do it well and you are on the rise.