In part one of Do you have plans for 2012? Part 1 – Your homework, we talked about looking for a suitable property to purchase, for development and sub-division. Perhaps you don’t have to look any further than a property you already own.
There are many people who already own a property that is suitable for development.
So how do you know if you can develop?
You can hit the ground running in 2012 if you already own a property, by engaging Brutal Art Design + Build to provide you with a Property Development Assessment to ensure you can legally develop you site. 72 hours later, you will know whether or not you can sub-divide your site, what planning and zoning controls effect your site and their impact, along with a summary of development options – how many dwellings and what type you can fit on your site, taking into consideration the sites attributes. You will also be provided with a high level feasibility which will be of use when talking to a financier.
Now that you know it is possible to develop your site (you will have completed Step 1: Assessment), we have a structured process to take you from town planning, through to signing up a builder to build your project.
Step 2: Strategy will provide you with council feedback on your proposed development, and a direction for your project.
Step 3: Concept will give you the understanding of what your dwelling/s will look like, ie where are the bedrooms, kitchen, living area, etc. You and council will also have the opportunity to provide feedback, for refining the plans.
Step 4: Application is the preparation of a town planning application, advertising and notice of decision – a town planning permit.
Step 5: Detail is where the working drawings are produced, the specification prepared and the engineering done ready to engage a builder.
Step 6: Build will leave you with your dwellings/s built, ready to sell, rent out or occupy.
Step 7: Realise that your project is complete
This is a basic summary of a process that can take between 12 and 24 months to complete, without complications. There are many layers to property development, so it is important to engage a professional who understands the process.
PLANS FOR 2012?
Thinking of developing? Engage us for a Property Development Assessment today!
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