Choosing the right builder for your property development

4 tips for choosing a multi-unit development builder

4 tips for choosing a multi-unit development builder

Building a multi-unit development is a big investment. Your time, money and reputation are all at risk if things go wrong. That’s why it’s so important to choose the right builder. While budget will always be a factor, you should never compromise quality for price. Your priority should be finding a builder who can bring your vision to life. To help you do just that, here are 4 things to look for when choosing a builder for your multi-unit development.

  1. Find a multi-unit development expert

When deciding on a builder, you don’t just want any builder. You want a specialist builder with a proven track record in multi-unit developments. A specialist builder will have a tried and tested process, plus a reliable network of trades and suppliers. 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.

  1. Look at portfolios and reviews

Not all multi-unit development builders are created equal, so it pays to do your research. Take the time to read reviews and look at project portfolios. Most quality builders will proudly display recent projects on their website. The best builders may have received awards or industry recognition. 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.

  1. 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. 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 questions? Do you have good rapport? A good relationship with your builder usually leads to good results. Go with your gut.

  1. 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.

The bottom line

The bottom line, when it comes to choosing a builder, is that you can’t afford to get it wrong. At Costas Constructions, we’ve been building multi-unit developments in Melbourne for over 20 years. We provide complete property development and project management services, fixed-price contracts and award-winning service. Our prices are competitive – and we promise no nasty surprises.

Get in touch to talk to us about your multi-unit development project.

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