Hi, My name's Natalie im 15 years old and have recently started researching property developement.
My Dad and i have have come across a few deals and i was wondering if any one had a generic Financial Feasibility Spreed Sheet that they could send us or if they could list for us whats reguired in one so we can make our own.Cheers, Natalie :]
as i suggested to someone else today, go to your library they will have plenty of books to help and it will make you feel like your doing worthwhile research. just make sure you are reading up on Australian Authors to start with. i wish my daughter would take an interest like you have . good luck.
Always work backwards.
What is the sales commission to the agent cost?
What can you sell the finished property for. You can only get what the buyers are willing to pay. (Final Proceeds)
What will be the advertising /marketing costs.
How long is the development going to take to complete and sell. Every day you hold onto the project costs you interest on the loan this is known as holding costs.
What is the building costs of the buildings.
What are the council DA application costs
What are the architect costs
What is the cost of buying the original property.Profit = Final Proceeds – sales commission – marketing costs – holding costs – building costs – council fees- architects costs – original property costs.
This is a rough example you need to get books on development as I haven't done it myself.
I attend an investment meeting in Melbourne that discusses this sort of stuff.
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