Hello there, I am a partner in 6 acres of land and it is surrounded by resdential houses. The land is located in north east victoria.We have a permit to develop into 28 housing blocks. We are now ready to get it under way. Just before we go ahead I want to advise my partners about the absolute cost from the pegging out by the surveyor to the settlement with the end purchaser. Is the a software program out there (thats not for a corporate just for an Aussie battler).
I thank you in advance!Eddie
P.S. I would also love to hear from anyone that has any marketing ideas or any other ideas in relation to land sub division?Hi Eddie …
How long is a piece of string …
I have developed over 300 lots in QLD … basically without writing a book on it I rely on my civil works team regarding the cost then allow 10% extra.
The greatest factor today is council charges, this is killing QLD projects and can blow your profits.
28 is a nice size … try and keep as many as you can … do a deal with a builder like Masterton, Devine etc and construct your own H&L for maxium profits … use corner lots for duplexes … if the sub-division is well located you won't need a lot of marketing because the locals will be knocking the doors down.
I also suggest multilisting with all agents … good luck Ed.
Philip Sigglekow
Eddie, multi-listing shouldn't be the only option considered, the use of a lead agent and one or two other agents working in conjunction can be much more effective (marketing in unified, there is more strategy in the sales process etc).
As PS points out, there is no way of coralling all expenses before turning the first sod of earth. The best that you can hope for is to engage a QS to carry out the cost planning and brief them appropriately with regards to the non-construction costs (ie council fees, legals, stamp duty, planning costs, agency fees, marketing etc).
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