For any one project, SFR Property coordinates many consultants including landscape architects, town planners, civil and hydraulics engineers and architects/building designers. We're here to help you tackle the hassles and headaches whilst still giving you full control of your property development project.
Below is a brief outline of the property development process:
Before taking part in any project, you need to have a project vision. This can be as simple as to grow your property portfolio, or to purchase investment properties at a discounted price.
Finding a site
Finding the right site with the right location is one of the most important stages of a property development process. The site location and the council zoning will determine the type and number of dwellings that can be constructed on the site.
This is where an extensive study of the site is conducted in order to minimise risk. The study can include researching sales data, soil type testing, and/or determining whether the property is subjected to flooding. Without a thorough due diligence, it is more likely that unfavourable issues may arise further down the track.
Schematic design & feasibility study
In addition to our experience we work with other experts in their field and most importantly they can determine the viability of your project in the early stages of the property development process. Schematic drawings including floor plans and elevations can be made available to determine different design options. With this information, the preliminary feasibility study is prepared for consideration.
Purchasing the site
SFR Property has experience in negotiations and transactions for real estate. With the skills, knowledge, market data and support, we can assist you in negotiating and obtaining the best price possible for the site. Therefore, you will never pay over the market value.
Development approval (DA)
Depending upon your development strategy and the site itself, you may need to get expert opinions from any or all of the following:
- Town Planner
- Civil Engineer
- Hydraulic Engineer
- Traffic Engineer
- Acoustics Engineer
- Mechanical Engineer
- Architect / Draftsman
- Landscape Designer
- Quantity Surveyor
SFR property can coordinate the above experts as appropriate to the development.
Building approval (BA)
Once development approval has been given, we will work closely with contracted builders, engineers and building certifiers to prepare full documentation for the tendering selection.
SFR Property works closely with an experienced panel of quality assured builders. We assist in selecting the most suitable builder, who can build at a fair price, to the right project, at the highest quality of workmanship.
During construction, we will conduct regular site visits in order to oversee each and every construction stage to ensure that quality is achieved to its highest level. We maintain a close working relationship with the builder or site supervisor to ensure that the project is completed on time and on budget and that every detail is upheld to the highest degree.
Completion - sell, hold, rent
Your profit is not actually in your pocket until construction is complete, and you have the relevant titles or certificate of occupancy so that you can sell your finished product.
Pre-Sales are used to reduce the risk of the project. Typically, this is the bank enforcing this upon you in order to ensure that they can pay back the construction loan, however, you may also choose to sell early in order to take risk off the table.
Post Sales are much easier to achieve than Pre-Sales as purchasers can actually see inside the property and imagine their own furniture in there. On the down side, this is when your project is sitting at Peak Debt and so for every day you don’t sell them, the interest on the project is starting to add up.
We can also assist in the sales/marketing and rental of the project. We have access to competent real estate agents and project marketers who specialise in the area. This ensures that the service and price achieved for the property are the highest and best possible for the current market.