4 steps for choosing a multi-unit development builder.
4 tips for choosing a multi-unit development builder
It goes without saying that building a multi-unit development is a big investment. Your time, money and reputation are all at stake if things go wrong. That’s why it’s so important to choose the right builder for your project. While budget will always be a determining factor of who you hire, you should never compromise quality for price, as this could have costly consequences down the track. Your priority should be finding an experienced townhouse builder or multi-unit builder who can bring your vision to life and do it justice with their skills and expertise. To help you do just that, here are four things to look for when choosing a builder for your multi-unit or townhouse development.
- Find a multi-unit or townhouse development expert
If you’re in the early stages of considering a subdivision, and therefore investing in townhouses or units, you’re no doubt wondering how to start a townhouse development. Common questions you might be asking yourself are:
- Who can build my unit development?
- Who can manage my unit development?
- How long does it take to build townhouses?
- How many units or townhouses can I fit on a block?
- What size townhouses can I fit on my block?
- How to develop my block?
- How to get planning approval for my block of land?
- Will developing my block be difficult?
- Can I create wealth with townhouse development?
You can indeed create wealth with subdivisions, but only if you bring on the right expertise – this will ensure you’re maximising returns on unit development from day one. In fact, experienced local eastern suburbs builders in Melbourne will be able to answer all of your questions and point you towards success from the get-go, starting with determining the feasibility for a townhouse development or multi-unit subdivision.
When deciding on a builder, you don’t want just any builder. You want a specialist builder with a proven track record in multi-unit developments and achieving success via on-budget and on-time deliveries. A specialist builder will have a tried and tested process, plus a reliable network of trades and suppliers that will strengthen the quality and delivery of your multi-unit development project. They will be aware of potential pitfalls and can help you avoid problems during planning and construction. This will result in a more efficient, better quality build. It will also minimise the risk of costly project delays. Remember, in property development, time equals money, so selecting the right builder can help you streamline each of your stages.
There are a number of eastern suburbs builders in Melbourne that can help you kick start your subdivision project. And the success of your project is largely dependent on the quality of the team you assemble, so make sure you take the time to vet potential hires before welcoming them to the project. When you begin with a strong and capable team who are united around the same vision from day one, the process itself will prove to be a lot smoother.
- Look at portfolios and reviews
Not all multi-unit development builders are created equal, so it pays to do your research. When it comes to assessing potential hires, take the time to read reviews and look at project portfolios – this will help you determine whether a builder has a proven track record and experience developing units and townhouses. Most quality builders will proudly display recent projects on their website – this will give you an indication of their ability to meet project deadlines and budgets, and the quality of their delivery. The best builders may have received awards or industry recognition – remember to always inspect these accolades to ensure they’re credible. If you can’t find reviews or examples of work, ask the builder directly. If a builder is happy to provide a list of recently completed projects, including clients you can call for a reference, this will provide you with peace of mind. If a builder can’t show recent projects or reviews, it could be a red flag that they’re not the builder for you.
- Find a builder you like and trust
When you choose a builder, you’re entering into a long-term relationship. That means there needs to be good communication and trust from day one to ensure the project runs smoothly. The best way to determine if a builder is the right fit for you is to spend some time talking to them. Do they share your vision for the project? Do they respond quickly to queries? Are they happy to answer your questions? Do you have good rapport? A good relationship with your builder usually leads to good results. In these instances, go with your gut.
- Check (and double check) the contract
Before you sign on the dotted line, be sure to check your building contract carefully. Does the quote include all the details, like driveways and landscaping? Has the builder surveyed your block to check for potential risks? What happens in the case of delays or unexpected building obstacles? If a price looks too good to be true, it probably is. Unless you have a fixed-price contract, ‘cheap’ upfront quotes can end up costing you more by the completion of your development. Don’t be afraid to ask your builder to clarify any details. And, if in doubt, get a legal professional to look over the building contract to ensure there aren’t any red flags or loopholes that could come back to bite you later.
The bottom line
The bottom line, when it comes to choosing a builder, is that you can’t afford to get it wrong. Even if you secure a builder at a competitive price, any cut corners could cost you priceless time and money in the long run. This is why it’s so important to get it right the first time.
At Costas Constructions, we’ve been building multi-unit developments in Melbourne for over 20 years, and as such have a proven track record of delivering projects on-time and with superb quality. We provide complete end-to-end property development and project management services, fixed-price contracts and award-winning service. Our prices are competitive – and we pride ourselves on ensuring no nasty surprises for our customers at any stage in the project.
Subdividing in Melbourne’s east?
Whether you’re one of a number of new developers in Australia or an experienced developer, Costas Constructions has been helping clients with their eastern suburbs townhouse developments (and multi-unit developments) in Melbourne since 1998, and have the skills and experience to help you, too. We have strong connections with local councils, plus an in-depth knowledge of zoning regulations for our key services areas.
These include, but aren’t limited to:
Manningham City Council
Booroondara City Council
Whitehorse City Council
Maroondah City Council
Monash City Council
Knox City Council
Get in touch to talk to us about your subdivision project. Whether you’re looking to develop in the inner eastern suburbs of Melbourne such as Ashburton, Burwood and Ashwood or the outer suburbs such as Kilsyth, Croydon or Chirnside Park, we can provide a full property development service, from feasibility, property purchase, through to design, construction and subdivision.