Property Development Matters
PROPERTY DEVELOPMENT – WHERE DO YOU START? Firstly we need to remember that nothing is achieved without effort and sacrifice. You must have belief, persistence, perseverance and you need to take a long term view. Property development is one of the most rewarding things to do in real estate investing.
• Are great with coordination and organisation – property development is all about managing people and processes. Having good project management skills will definitely be one of your biggest assets.
Interest rates are down. Optimism is up. People are considering capitalising on market conditions and either developing, or investing in the property market. Development is a long term strategy, even though we live in a world of instant gratification with quick fix and get rich quick schemes, with property development slow and steady is the key.
• Have great time management – time management is crucial for every project, we all know that time is money. You must be organised, proactive and on top of what is happening at all times.
Whether you are considering taking on a complex renovation, a splitter, a subdivision or developing master communities. Developers are the coordinators of these activities and really orchestrate the process from the inception to the end. Successful Developers: • Are great negotiators – have good listening skills, communication skills, and above all are good negotiators helping you to reach the best price and terms for the purchase of the land or property. Your profit depends on how much you purchase it for. • Are team players – leading the team with understanding and communication, getting the best results from the team.
SUSAN LINDEQUE Linzen Group
• Are problem solvers – life doesn’t always go perfectly to plan and property development is no exception. Solving problems will rely knowledge and experience. Sometimes you won’t have the answer so you need to build a strong team around you. • Have the financial skills needed to create the detailed financial model necessary for development, ensuring you make a profit. Most developments encounter unforeseen problems which cost money, so you have to ensure from the start that there is enough profit in the deal. Development can be perceived as high risk activity however financial institutions today have stringent financial models to ensure that help to minimise their risk. It is vital that you develop the skills need, but even more important that you perform stringent due diligence processes and negotiate good terms and conditions when you acquire any property or land for development.
ABOUT THE AUTHOR Susan is the CEO and Co-founder of Linzen Group which is a multi-faceted and diverse property development group offering a one stop real estate shop all under one roof. Susan has more than 25 years of successful commercial and financial experience with a background as a registered Chartered Accountant and Real Estate Agent. Her extensive expertise allows her to recognise market trends, demands and conditions to accurately predict project outcomes.
OUR PURPOSE IS TO BRING YOUR PROPERTY DEVELOPMENT VISION TO LIFE! Our services are tailored to suit your individual or business needs and our delivery approach is guided by our expertise and your requirements. • Property investment advise and strategy • Set up appropriate structures for asset protection • Specialised tax advice on income tax, GST and Capital Gains Tax • Land development and Construction • Dealing with Council, townplanners, engineers and other consultants
• Due Diligence and Financial Feasibility for all projects • Project management to ensure projects are on track • Joint Venture Partnerships with investors or land owners • Seek funding for projects
1 HOUR FREE CONSULTATION TO BM READERS! Linzen is also offering exclusive workshops every Saturday for groups of 10 – 15 who are serious about seeking expert advice and consultation on property investment and development. Please note that the workshops do not sell any educational material.
Linzen Group • P.1300 766 261 • M.0413 887 850 • info@linzen.com.au • www.linzen.com.au 28 ISSUE 73
