How To Choose The Best Block in the Best Location for Property Development in Perth?
Preparation and knowledge associated with building in different locations is the key to a successful property development.
As the leading Perth Builder in Investment and Developments, no company partners with more investors and developers than Ventura iD.
More from the video here:
When cheaper development site is not always better.
You need to define what your motive behind starting a development project. Are you attempting to maximise the rental yield or capital growth? This type of information is available on REIWA, Australian Property Monitors and the Housing Industry Association websites.
Some variables that effect the cost of construction and the practicality of resale or rentals are:
• Site location.
• Topography of land.
• The site shape.
• Clay or limestone.
Our designers and estimators are qualified to design and price up a project accurately enough for you to make an offer on a site, with the addition of a contour site survey and engineers report. Investing a little money upfront will allow you to make informed decisions on how to progress forward with your development.
Planning is always an important ingredient in any project and aligning designs in addition to specification to match your development site requirements is part of your planning process.
We do not expect you to have these skills, since most Builders and Sales Consultants practicing in the industry are not experienced in this area.
A builder that specialises in unit and apartment developments, in addition to having design, estimating and sales teams that specialises in this type of construction, have a superior skill set to accurately assess your site before you settle.
Developing or investing, is all about meeting the needs of the end user, with the view of maximising your profit [rate of return]. Matching the specification and design with location is the key to the most economical and desirable project outcome.
It makes commercial sense to partner with professionals that specialise in this area.
Ventura iD and Multi Living Developments offer a free consultation service so you can see if developing is an option for you. Call (08) 9241 1600.