4 steps for choosing a multi-unit development builder.
Developing a multi-unit property can be very profitable, but it’s also inherently complex and potentially risky. This type of construction represents a substantial investment of your time and resources, and your reputation is also on the line. Whether you’re constructing multiple houses, townhouses, or apartments, choosing the right builder is paramount to overcoming problems and achieving success. It’s crucial to select an expert builder who can understand your vision and goals and then follow through without compromising on quality.
There are many factors to consider when making this decision, and the four tips below will help you choose the perfect builder for your multi-unit property development.
Find a local multi-unit development expert
If you’re at the initial stages of contemplating a subdivision, you’re probably curious about how to kick-start your development. Investing in multiple houses, townhouses, or units is a serious financial decision, and it’s important to be prepared.
Asking yourself the following questions is a great way to start:
- How do I find a specialist multi-unit builder?
- How many dwellings can I fit on my land?
- What’s the best size and shape for each dwelling?
- How do I develop my block of land?
- How do I get planning and building approval?
- Will the construction process be difficult?
- How much time will the planning and construction phases take?
- How much money do I need to get started?
- How do I create income and build capital from the development?
If you want to create wealth through subdivisions, either through income, capital, or both, it’s essential to work with an expert. Building experience is crucial, as is local knowledge, industry connections, and a thorough understanding of council regulations.
Multi-unit experts specialise in large-scale developments, and they know how to achieve great results on budget and within time. They follow a tried-and-tested process and have access to a reliable network of tradies and suppliers. Instead of reinventing the wheel with every decision, they know exactly how to achieve great results. If you want to ensure profitable and high-quality construction, it’s important to call in the experts.
Along with better project outcomes, multi-unit developers can help you avoid potential pitfalls during planning and construction. Whether you’re building two dwellings or ten, specialist knowledge always results in a better-quality build. You’re also likely to experience lower material costs and fewer project delays, resulting in a much more efficient process from concept to completion. When you have a strong and capable local team by your side, your subdivision project will run smoother and be more successful.
Look at project portfolios and online reviews
When it comes to choosing a multi-unit development company, it’s crucial to differentiate between builders. Take your time and conduct thorough research to ensure you’re making a smart decision. There are lots of ways to research multi-unit builders, from online reviews and portfolios to good old-fashioned word of mouth. Start by reading reviews and examining portfolios to gauge a builder’s proven track record. Remember, you don’t just want a good builder — you need a trusted specialist.
Reputable builders will proudly showcase projects on their website, showing you the end results and highlighting their ability to meet deadlines, budgets, and quality standards. Additionally, keep an eye out for builders who have received awards or industry recognition. This can be a great way to verify the credibility of builders, as long as you make sure they’re legit.
If you can’t find reviews or examples of work, don’t hesitate to reach out directly to the builder. A reliable builder will gladly provide you with a list of recently completed projects or even connect you with previous clients for reference. Poor reviews and inconsistent standards are obvious warning signs, and not showing recent projects or reviews can also be a red flag.
Find a company you can trust
When you’re developing a multi-unit development, it’s important to find someone you can trust. Choosing a builder is almost like entering into a long-term relationship, so you need to focus on communication and collaboration. It’s crucial to establish a good connection, with the right builder listening to your needs and understanding your vision from the outset. Trust is a fundamental quality for any building project, and it needs to be there from the start.
To determine if a builder is the right fit, take some time and have a conversation with them. Are they aligned with your project vision? Do they promptly respond to your queries? Are they open to answering all your questions? And most importantly, do you feel a good rapport with them? Remember, a strong relationship with your builder usually leads to successful outcomes. It’s important to trust your instincts in these situations while also using your rational mind to find the perfect fit for your project.
Carefully review quotes and contracts
Multi-unit developments are complex projects that often take many months to complete. To ensure a successful build, it’s essential to carefully review the quote and contract. Before you sign on the dotted line, you need to make sure everything is accounted for. Before you even think about finalising the agreement, it’s crucial to go over everything in the initial quote. From major structural elements to materials, driveways, and landscaping, it’s important to understand exactly what you’re being quoted for.
Has the builder assessed your property for potential risks? What measures are in place to manage unforeseen delays and obstacles? Remember, if the price seems too good to be true, it probably is. You need to understand the difference between fixed-price and variable contracts and obtain professional legal support before you enter into an agreement. If costs aren’t fixed, be careful of accruing multiple expenses upon completion.
Whether you’re a seasoned professional or a new developer with big ambitions, you’re unlikely to know everything. Don’t hesitate to ask your builder for clarification on any unclear points, as this can save you money in the future. Once again, seeking legal advice to scrutinise the contract can help you identify any potential red flags or loopholes. The review phase should be ongoing, from the initial quote to the contract and its potential revisions.
Putting it all together
Choosing the right builder is crucial for any construction project, especially when you’re involved in a multi-unit development. At Costas Constructions, we have a solid track record building across Melbourne’s eastern suburbs. With more than 20 years of experience and access to a fantastic team of experienced professionals, you can be assured of a top-quality build every time.
Our reputation is built on delivering projects on time and within budget without ever compromising on quality. We offer comprehensive end-to-end property development and project management services, along with fixed-price contracts and award-winning customer service. Our prices are competitive, our standards are high, and we offer complete transparency for every project.
If you’re subdividing in Melbourne’s eastern suburbs, we are your local experts. We have strong connections with local councils and in-depth knowledge of zoning regulations in the following areas and beyond:
- Manningham City Council
- Booroondara City Council
- Whitehorse City Council
- Maroondah City Council
- Monash City Council
- Knox City Council
From the inner suburbs of Burwood and Ashwood to the outer suburbs of Kilsyth and Croydon, we are your local multi-unit construction specialists. Please contact our team to learn more.