I am thinking of buying some residential property in a potential growth suburb with intentions of building a couple of town houses in melbourne. Just wanted some ideas with regards to choosing builders, if theres anyone who has done something like this before. I was thinking of going with a private builder as I have heared too many bad stories about the larger building companies. Any suggestions?
Cheers
Welcome to the forum gurkan.
Unfortunately builders have a bad reputation and so finding one on recommendation is a good idea, but that is really right at the end of the development stage.
To buy a potential development site requires lots of work before you go to a builder. In general builders won’t be able to assist you with the town planning process
I have outlined the stages of the development process at the following link;
http://www.metropoleprojects.com.au/files/RPZBI8BSQR/the%20development%20process.pdf
Hopefully this will give you a better idea of what is ahead.
Also have a look at some old posts on this forum. You have an exciting time ahead of you, but full of potential traps.
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
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