2. Business Plan

The key to success in property development is to move from the general to the specific as early and as thoroughly as possible.

We need to create and formalise your business plan – especially if you’ll be seeking finance.

We can assist you with completing the background research needed by helping you explore:

• What sort of developments work best in the area.
• The local market conditions and trends, and what they’re likely to be when the development is complete. Together we’ll review recent sales, and get an understanding of what will work best for you.
• What will attract buyers or renters to your development – things such as schools, shopping and transport – and whether there are any plans for new infrastructure or other developments that might affect your plans.
• Whether any similar developments nearby have been given conditional approval, and what those conditions may mean for your development.

We can also help you map out the costs, including:

• Subdivision costs
• Finance costs/interest
• Application and shire fees
• Survey costs
• Legal fees
• Valuation fees
• Inspection fees
• Accounting costs
• Tax requirements and implications (including the possibility of negative gearing)
• Headworks
• Demolition and earthworks
• Building costs

It all sounds very complicated, but we’ve been through it all many hundreds of times, and we can show you how to navigate your way through. We can also put you in contact with other professionals you may need – legal advisers, accountants, settlement agents, property managers and real estate agents.

At the end of this stage, you’ll have a rock solid plan. You’ll know what you’re gong to build, how long it’s going to take, what to expect in the way of costs, and what sort of a return you can expect on your investment.

Our next stage is the design decisions, where we turn your vision into reality

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