The Property Development Process

Property Development involves a wide range of activities and processes from purchasing land, building and developing high rise apartment buildings and everything in between.

In order to be successful, you’ll need to educate yourself on property, the markets, economics, finance, town planning, the construction processes and the marketing of real estate projects.

Sound like a lot of work?

Well it is.

But with well-educated decisions-making, it’s a rewarding venture.

We noticed an emerging trend among budding investors – you want an overview of the property development process.

So we have broken down our 19-Part Property Development Series into an easily-digestible seven-step graphic.

After you’ve understood the basics, please have a read of our 19-part article series as well as our Team Series underneath.

Educating yourself on the rather complex and lengthy process of property development is a great starting point.

After all, you need to have an idea of your end game and the journey getting there before you can even begin searching for an appropriate property to purchase.

Want to know more?

The 19-Part Development Series

 

Read our in-depth 19-part Property Development Series and learn more about the property development process. This series delves into the details of each process including costs to consider, who you should be working with, helpful tips and plenty more.

Pre Purchase Stage

1. Part 2: Donning the Developer’s Hat
2. Part 3: Surround Yourself with an A Team
3. Part 4: The Steps of Property Development
4. Part 5: Financing Your Project
5. Part 6: Finding the Perfect Site
   
6. Part 7: Researching the Perfect Site
7. Part 8: Managing Risk and Increasing your Chance of Success
8. Part 9: Common Risks Related to Property Development

Negotiating Contracts and Purchasing

1. Part 10: Assessing your Development’s Feasibility

Town Planning and Development Approval

1. Part 11: Tackling the Red Tape
2. Part 12: Enlisting the Help of a Town Planning Consultant
   

Working Drawing and Documentation

1. Part 13: Working with your Architect
2. Part 14: Working with the Engineers

Pre Construction

1. Part 15: Do You Need a Project Manager?
2. Part 16: Digging in the Dirt

Construction

1. Part 17: Preparing the Site

Completion

1. Part 18: Making your Money
2. Part 19: The End

The Team Series

Read more about the professionals you should have on your side. The Team Series highlights all the important professionals involved in a development project, their roles and useful tips for finding the right person for your job.

• The Quantity Surveyor
• The Land Surveyor
• Engineers
• The Architect
• Using a Town Planning Consultant

 

You’ve done your reading and you’re ready to take the next step?
Secure your obligation-free strategy session with the experienced team at Metropole.

from Property UpdateProperty Update https://propertyupdate.com.au/property-development-process/