Regardless if you are an property investor looking at expanding your portfolio or a looking at taking that first step into the Property Development Market we can provide you with some insight into the diverse, complex and sometimes tricky business of Property Development.
When you are entering the world of Property Development it is important to note that you will need to create a team of experts that can assist you through the process. Depending on the complexity of your development, these may include some of the following:
- Real Estate Agents
- Finance Broker
- Accountant
- Lawyer
- Town Planners
- Architects
- Engineers
- Building Contractors
- Development Managers
- Quantity Surveyors
- Property Strategist
As a general rule with Property Development, if you are looking to develop a large project (more than four units) you will need to secure a commercial property development loan. A commercial property development loan will provide the funds to construct multiple properties on one title. If you are looking at developing four or less units, such as duplexes, triplexes or townhouses you can secure funding through a residential property development loan.
Below we have provided you with the nine steps guide you through the expectations of Property Development.