Developments Made Easy
Because we are an experienced duplex and townhouse development builder, we offer as much (or as little!) knowledge and assistance as you’d like to create the most successful development project possible. Your success is our success and we would love to have you as a client for life, continuing to grow your portfolio of awesome residential development projects with us. We can help with:
1. Where & What To Build
2. Feasibility: Knowing Your Costs
3. Design & Construction
4. Marketing & Sales
5. Title Registration & Handover
And, of course, celebrating your success!
Where & What to Build
Working out whether you can develop on your land starts with knowing your zoning and the size of your block. It is important to know the zoning of your block because these regulations will dictate what you can build on your block of land. If you haven’t got a block of land and are very specific about what you want to build then you will need zoning information to find the right block to suit your development type.
If you’re working with the Highlife Homes development team, we’ll help you find this information and review it with you. We can explain any relevant issues – items such as existing services, easements, demolition requirements, earthwork and soil issues, and the interests of authorities. The aspect, elevation and accessibility will also impact on your subdivision and plans. As an experienced development builder we can make you aware of these aspects.
We can help you determine what kind of development you can build on your land and how to optimise the land while still staying within council requirements. We have fantastic industry professionals to help with your development approvals and determine whether your ideas are practical and achievable.
Choosing Your Development
There are many ways we can approach the development of your block – townhouses, units, apartments, rear strata, and duplex building. If you have a block of land and some ideas (or even if you have no ideas!) then get in contact with us and we will be happy to arrange a meeting between you and our development builder to see if your block is appropriate for the building of townhouses and what kind of development we could build there.
Side by Side
Duplex or Triplex
Feasibility: Knowing Your Costs
There are many costs involved in a development. You will need to calculate all of your costs so that you know what you need to sell or rent them for in order to get your find out if this development is profitable.
Here are some of the costs you need to factor in to your project:
- Land Purchase, Land Transaction Costs and Holding Costs
- Construction Cost
- Town Planner
- Development Application and Council Fees
- Infrastructure Charges
- Civil Costs
- Legal Costs
- Title Registration
- Real Estate Agent Fees & Marketing Costs
- Interest on your Loan
- Strata Costs
Will You Sell or Rent?
Have you confirmed your expected sales prices with a real estate agent?
There are great free resources online these days to figure out what your properties might sell for. Jump on Domain or RealEstate.com.au and look at what similar properties are selling for or have sold for.
You can also see what level of competition there is. Are there a lot of homes on the market? Are there a lot of brand new homes or vacant lots for building available?
Are there a lot of lifestyle aspects in the suburb to warrant the price you want to sell for (e.g. cafes, shops, schools, parks, beaches)? If your research shows that you can easily make a handsome profit, awesome! If not, it might be a good idea to consider doing the project in a different area, or consider down-scaling the project to fit with the market.
If you plan on holding on to part or all of the development for a rental return, consider whether it is positively geared (meaning that you will be able to charge a rent that is higher than your loan repayments on the property) or if it is negatively geared (meaning that your repayments will be more than the rent but you can pursue capital growth over the long term instead). Make sure you speak to real estate agents to find out your potential rental yield. We have a great real estate agent as part of our central team to help ensure all projects appeal to the market and are feasible for the expected market value on completion.
While not our preferred method of property investing, if you do want to invest in a negatively geared project you are going to want to do as much research as possible to ensure that you will gain capital growth over time. How have other properties in the area performed over the past 10 years? Has the median house price of the area increased over the last 10 years? What lifestyle aspects are going to be developed in the area over the next 5-10 years (e.g. cafes, shopping centres, transport, parks, schools, childcare centres)?
Design & Construction
Once it is determined that the site is fit for your development, the prospective profit is great, and you know your finance capacity, then we can get started! We are able to design a great set of homes and confirm the build price.
We can also assist you in tailoring the design to suit the market and ensure easy saleability. As an investor, it is important to be practical about design decisions and make choices based on appeal to the market. While some elements may be worth investing in (stone benchtops, timber floors) others are not necessarily going to be worthwhile depending on the market you are appealing to and the area you are building in. We work very closely with you in the design stage to get the cost vs market value ratio just right. This is integral to a successful project.
With all of your inclusions selected we can prepare a detailed build quotation for you. Once complete, we’ll review it with you in incredible detail, and assist you to make any changes. Once approved, we will prepare your contract for you. The building contract used by Highlife Homes is prepared by the Queensland Master Builders Association and is accepted by banking corporations and lending bodies.
Then we enter the truly exciting part, as your vision becomes a reality and we bring your development to life! You will have fortnightly site visits with our project manager to ensure everything is going smoothly and you are happy with the progress, the build, and our customer service. And you will have access tour online system Buildertrend from start to finish for progress photos, all of your change orders, selections and messages.
“The structural integrity and stunning finish are the way Highlife Homes write their signature across their creation for all to see. Throughout the project it was evident to me that Highlife Homes have built their company reputation on values of integrity, working toward ‘win-win’ outcomes and 100% accountability.”
Lloyd Volkwyn – Property Developer
Marketing & Sales
During construction you can prepare marketing materials for your beautiful new homes. Here are some of the things that may be on your list, and that we can help you with:
- Finishes Schedule
- Sample board
- Internal and external render images
- Easy-to-read layout and floor plans
- Property styling
- Photography and videography
- Sales and pricing strategy
- We even have an in-house real estate agent that already knows everything about your project! 🙂
Highlife Marketing Materials
Render Images | Photos | Video
Title Registration & Handover
In the final stages of the build we can also help you get the ball rolling on your body corporate mangement, maintenance schedule, and surveying, as well as document preparation and council inspections for title registration. Generally your titles will be registered by the DNRME a few weeks post-construction.
Once construction of the properties is finished we will hand over the properties to you, complete with new home handover packages for each dwelling. We can even do a celebratory handover for each person that purchases your new homes upon completion. It’s just as exciting for them as it is for all of us so we like to make a fuss!
Hear From Those Who’ve Been Through The Process:
“We knew we were in good hands. Not only are they highly professional individuals, and excellent at craftsmanship, they’re actually great people.
They’re young, they’re energetic and they’re creative, and so that inspired me also being a young business person.”
“The great thing working with Highlife Homes is they partner with you, and they’re looking after the project as if it’s their own, and that’s really fantastic.
The easiest development I’ve ever done.”