Property Developer Podcast

Finding a good selling agent to help sell your development stock off the plan is crucial to getting your project sold profitably, started as soon as possible and settled with minimum fuss.

So I speak with Campbell Cooney a Director of Hodges in Brighton about selling property.

Campbell has been in the real estate industry since the 80s, so has lots of experience. We have a good chat about how you go about marketing projects off the plan, how to give the market what it wants, and what materials and information you need to have ready when you start selling your project.

I always find it fascinating speaking with agents about how they go about selling property off the plan, as they usually have some good tips and insights into how best to get a sale.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for Real Estate Developers

Here are a couple of lessons I took away from my discussion with Campbell.

1. Work with the agent

Campbell mentioned how it is better to work with the agent not for the developer. And I think if you can develop a partnership approach with the selling agent then you will get a better result. Involving them in design discussions or seeking their feedback on market wants is a great way to tailor your product to what the buyers want, not what you think they want, or what you like. And this leads in to lesson 2

2. Figure out who your buyers are

I am sure many developers assume they know who their buyers are and what they want, and possibly they do, I know I was quite surprised by the mixture of buyers when I met some of them at the inspections, there were groups of buyers that I had’t expected to buy in the project. Selling agents are at the front line of the market, speaking with people every day and hearing what they like or dislike. So tap into that market intelligence and give the buyers what they want, or find ways to incorporate differences in your offering to what other projects may have. Make it an easy decision for a buyer to choose your development!

3. Have the answers for the most common questions

Campbell talked about being ready with the most common questions he will usually get from buyers, things like ceiling heights, finishes, owners corporation fees etc so have that information ready for the agent when the project is going to hit the market. It can be easy to gather that stuff along the way rather than at the end when you are madly trying to launch the selling campaign. Check with your selling agent about what information they might like and how it can be presented to them, and also how it might be given to the buyers. If the agent can quickly answer these questions it will help to overcome objections and build trust.

Remember you can find all the past episodes of the show over at www.propertydeveloperpodcast.com including other conversations I have had with selling agents, so if you are interested in selling then try episode 24 with David Stewart, episode 9 with Tony Smith and episode 6 with Sam Gamon.

Don’t forget to catch all my latest developing photos and videos on Instagram at Property Developer Podcast. (https://www.instagram.com/property_developer_podcast/)

Links

Justin's project wrap up video - https://www.youtube.com/watch?v=7t0bEykC65U

Campbell Cooney profile - http://www.hodges.com.au/campbellcooney/

Getting your valuations right is very important for securing acquisition funding, and exceptionally important when you apply for construction funding.

The role of the valuer is an interesting one, as they are usually appointed by the lender to review your project to see if the values stack up, but they work closely with you on sourcing a lot of the reports and documents they need to complete their report.

So I speak with leading valuer David Way from Knight Frank Valuations. I enjoyed speaking with David and the discussion really helped me better understand the role they play.

We talk about how valuers approach a valuation, how to best work with a valuer and what to look out for in a valuation report.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for real estate developers

I took away these key points:

1. Try to develop a good relationship with a quality valuer

Having a good valuer among your team of consultants can really help you fine tune your feasibility or strengthen your loan application. You can speak with them about when to start the valuation process, key issues or challenges to address, and what they can help with. This can make a big difference to a lender looking favourably upon your application and how it is assessed, which will help things move along as smoothly as possible. But it is good to remember that the valuation report for a lending application is commissioned by the lender, and the valuer is really appointed by them to prepare an independent valuation report, not a glossy document that makes you look good.

2. Keep all your latest reports and information in one place to provide to the valuer

The list of documents the valuers need is often really long, so I try and keep all the final reports or key documents that are prepared for me in a Dropbox folder, so I don’t have to go digging around for them when they are needed. I find I refer to these reports quite frequently so it is good having them all in once place, so try to keep a copy of all your final or latest reports in an easy to access place to save you time in the future.

3. Understand what the valuer is trying to achieve

You need to remember that the valuer is an independent consultant although you can still work with them to get the best outcome. Understand that they are independent and doing a job, usually ultimately for the lender and not the developer, but that doesn’t mean you can’t work together to get the best result. Try and provide the latest, most accurate information you can, and keep them posted if anything changes. It’s in your best interests to try and make their job as easy as possible.

I hope you enjoyed that conversation about valuation. I certainly enjoyed bringing it to you. Don’t forget you can always find me on Facebook (https://www.facebook.com/propertydeveloperpodcast) and Instagram (https://www.instagram.com/property_developer_podcast/).

Getting the best results from your property developing efforts requires some focus on a couple of key areas. Keep getting them right and you set yourself up for success.

So I speak with an experienced developer who sheds some light on what he focuses on to achieve success.

Danny Ciarma from Urban DC has more than 15 years of developing experience, and has an impressive record of completing a range of projects including some beautiful apartment buildings in Melbourne. He is also doing some projects in Sydney, which he will talk about during our discussion.

I think you will enjoy hearing about Danny’s approach to developing and some of the aspects of the process that he really focuses on.

In this conversation we talk about the number one factor that Danny chooses sites on, his thoughts on debt, the importance of design and how you can stay ahead of the market.

I thoroughly enjoyed sitting down with him and talking about developing. Danny has delivered some beautiful buildings so I would encourage you to check out the Urban DC website and see what he has been up to.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for real estate developers

1. Buy in AAA locations if you expect the highest returns

We all know the importance of location, and Danny made a great point around not expecting to achieve high prices if your location won’t support it. Don’t buy in a B-grade location and expect A grade results, just to make your numbers work, as you are setting yourself up for failure. What’s that saying Warren Buffet has ‘better to buy a great company at a fair price, than a fair company at a great price’, same applies to real estate.

2. Consider how much debt you take on

Danny offered some prescient advice on debt. Are you giving away too much of the deal for your own good? Is a little of something bigger, better than more of something smaller? It can be hard to pass up a deal, but remember you are going to be working on this for a couple of years so you want to get rewarded appropriately for all the effort that is going to be required.

3. Focus on staying ahead of the market

Danny suggested some good ways of staying ahead of market trends, such as keeping in touch with agents, and possibly speaking with other developers so you can remain aware of what buyers are looking for. This can help ensure you remain relevant in the marketplace, and bring something to market that is desirable.

Don’t forget you can find me on Instagram at Property Developer Podcast (https://www.instagram.com/property_developer_podcast/)

Links

Urban DC - http://www.urban-dc.com.au/

Justin's latest project pics

New Zealand developer Graeme Fan joins us to talk about his experience doing property developing in Auckland. Graeme has completed some fantastic high end properties and is now looking to take his developing to the next level.

In this discussion Graeme shares with us the one thing he focuses on to ensure his business succeeds, what it is like developing in Auckland, and what he has learnt about himself along the way.

I really enjoyed talking with Graeme about how he approaches his developing. I like how he is thinking strategically about where he wants to be and how he is going to get there.

Here’s a couple of lessons I took away from our discussion.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Lessons for real estate developers

1. Focus on quality

Graeme said that if you continue focusing on quality then the rest should follow. I think this is great advice. Quality means different things to different people, so you need to work out how you are going to focus on quality. What does build quality mean to you? What does marketing and sales quality mean to you? And how are you going to monitor them? By figuring out what is important to you, it gives you an opportunity to structure your business and put in place ways of ensuring you and your team of partners and suppliers meet your standards. Staying focused on quality will stand you in good stead over the long term.

2. Seek inspiration through education and awareness

Are you learning new things, or are you just doing what you’ve always done? Have you read a book on a completely different industry, listened to an audio book about someone you admire, or flicked through a design magazine for some inspiration? Staying inspired will keep you energised and boost your vitality. There are so many ways you can find ideas and inspiration to help your business to evolve. If you don’t take the time to refresh your skills and stay relevant, you will become bored and you will also be left behind by your customers and the times!

3. Longer term planning

This is a great point that Graeme raised. Do you have some thoughts or vision about what you want to be doing in 5 years, 10 years, 20 years? Have you got some of it down on paper? If you want to move into a different style of development, how are you going to make that transition? Who do you need to speak to? What team members will you need to recruit? Pretty much every problem can be solved if you have the right people helping you. So time to get those ideas down on paper and start working out how to achieve them.

Alright, here we are at the tail end of another show. Thanks for listening in. Keep a look out for my next episode where I will bring you a fantastic discussion with Danny Ciarma from Urban DC, a developer delivering some stunning projects. Danny shares with us some of the reasons for his success, and I am sure you will be inspired by what he has achieved.

Links

Graeme Fan's property business website - https://www.beaudomus.com/

Justin's latest project pics

Finance is a key plank of any project and getting it right is crucial to the viability and longevity of your property developing business. How to structure deals, ways to arrange your financing and leveraging your capital and equity to maximum effect, are key to taking your developing to the next level.

So I speak with Matthew Royal from Development Finance Partners, a firm that works with developers to get their project funding sorted out. We cover a fair bit of ground in this discussion including how you can set yourself up to have a pipeline of projects to enable your business to grow, how bank’s assess risk and how you can take advantage of the opportunities that present themselves in any market.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for real estate developers

Here’s a couple of points from our conversation that really stood out for me:

1. Set your own goals not the banks

This was a great point that Matthew made. Make sure you are getting advice from people who will help you achieve the goals and aspirations that you want, rather than a bank that is going to have different desired outcomes, probably far less than what you want. So talk with people who can develop a strategy about how you get to where you want to go, without going bust, and work with you to achieve it. I always think it is better to have good people on your team, with the right skills and mindset, who are more experienced than you, providing you are steering everyone along to where you want to go, as they will be able to overcome obstacles and help you realise your dreams.

2. Have you mapped out a future pipeline of projects

Have you sat down and worked out where you want to get to? How many projects do you want to do? What size? Where? By putting down on paper a plan, it will help you map out how you can get there, work through cycles and demonstrate to lenders and investors that you are serious about delivery. Also, if people know what you want to achieve, they can work out what needs to be done to help you

3. Consider and mitigate your risk

Matthew mentioned how lenders favourably view developers who put forward plans and proposals that thoughtfully consider risks and put in place measures to mitigate them. It’s all too easy to think your project is sound, your market is rock solid and your risk of failure is low, but complacency often leads to disaster, so spend some time articulating the risks facing your project and identify the things you can do to prevent or minimise them.

Alright, there’s another show almost done.  Don’t forget you can find me on Instagram at https://www.instagram.com/property_developer_podcast/ for all my development videos and property porn pics.

Links

Development Finance Partners - http://www.dfpartners.com.au

Article written by Matthew Royal about bankers - What your banker will never tell you...  - http://www.dfpartners.com.au/what-your-banker-will-never-tell-you/

Justin's Project Video

Latest project video showing driveway being laid.

Developers face many challenges and obstacles, and Canadian developer Dan Barona shares some stories on his experiences developing property in Ottawa.

Dan is a partner in developing and construction business Urbanworx, and has progressed from doing renovations to multi-property developments.

We talk about the challenges of building during bitter cold winters, dealing with organisations that issue permits and the vagaries of the Canadian property market.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Lessons for real estate developers

Here are three lessons I took out of our discussion.

1. There will always be obstacles to overcome

It doesn’t matter what state, territory, or country your are in, there will always be challenges you will have to overcome with your developing, whether that’s dealing with councils, finding a site or determining the best product to build. So you need to anticipate these problems and solve them along the way.

2. Development costs need to allow for local conditions

Dan talked about what is involved with building in Canada over winter, and having propane gas heaters, this is a good point about being aware of all your development costs and including them in your feasibility and project budget. Each area will have its own consideration and you may need to allow for rock removal if rock is known in the area, or extra costs for footings and foundations if the soil at your site is poor.

3. You can seek inspiration from international projects and developers

Dan mentioned how he likes some of the projects being done by US developers and they inspire him, it reminded me that you can look further afield than your local market for ideas and ways to design and deliver projects. Are you looking abroad for great developers and exciting projects that can inspire you to try something new? In the age of Google and the internet it is easier than ever to find and follow great developers around the world.

Remember you can find me on Instagram (https://www.instagram.com/property_developer_podcast/) for my latest property development pictures and videos. You can also find all the previous episodes of the show on this website.

Links

Urbanworx - http://urbanworx.ca

The building side of property development is one of the biggest pillars of the process, so getting it right is crucial to the overall success of your project. And the builder is a key part of ensuring your construction goes well.

I speak with builder Chris Brownhill from Brownhill Homes about building multi-unit property developments. Most of his clients are property developers who are doing multi-unit developments.

Having a good relationship with your builder goes a long way toward ensuring the success of your project.

In this discussion you will hear some ideas on how to choose a good builder, how to best work with them and some suggestions on how to manage build costs.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for real estate developers

Here are 3 things I took away from our conversation:

1. Ensure you communicate effectively with your builder

Chris talked a lot about the need to communicate regularly and effectively with your builder. This is important as there are so many questions to answer and issues to resolve along the way, so you want to have a good working relationship with your builder. I think you can get a good feel for a person by speaking with them on the phone a few times and even meeting up with them to go over your project. Ask them some challenging questions to see how they respond, something like an example of when a development build didn’t go according to plan and why, how comfortable would they be with a lender going through their financials, do they have any complaints or debts issues going through a resolution process, and listen and see how they react and respond. Finding a good builder that you can work with will really go a long way toward ensuring you can bring in projects on time and on budget.

2. Ask for client referrals from your builder

If you are seriously considering engaging a builder for your project, I would ask them to provide 3 or 4 developer clients that you can speak with about how they have found dealing with the builder. A good builder should be willing to provide this information to you. I would ask for developers currently doing a build, as well as people who have completed projects. Then I would ask them how they found working with the builder, whether they had any issues, how they went solving problems along the way, were there any surprises, how was the communication with the builder, and would they use them again. This should flush out whether the builder is worth continuing the discussion with about your project. If you start getting a bad feeling, then proceed with caution or not at all.

3. Seek feedback from your builder during the design phase and before working drawings are completed

Try and get the builder involved as early as possible in the discussion during the design period. They will quite often have some good ideas on ways to contain or reduce the build cost or reduce the construction time without effecting the design outcome. It is helpful for the builder to provide ideas before the working drawings get done, so that the consultants can consider different ways to build the house, such as reducing or eliminating any steel work, and helping you keep the costs down. Involving the builder along the way is also a very good way of keeping them informed of where you are at with your project, for example if you are in the early design phase, or lodging at council, or expecting a permit back very soon. This can help reduce the time it takes to move through the construction phase.

You can also find me on Facebook (https://www.facebook.com/propertydeveloperpodcast) and Instagram (https://www.instagram.com/property_developer_podcast/) to see my property development videos and pictures

Links

Brown hill Homes - http://brownhillhomes.com.au

Latest Project Pics

Completing your project faster means you get paid sooner. Finding ways to reduce time to completion is a perennial goal for property developers. So I speak with Peter Ward from Drouin West Timber & Truss about pre-fabrication or panelisation, which simply put means producing large sections of the building in a factory and then bolting it all together on site.

I see real opportunities for property developers to speed up their time to completion by using panelisation techniques. In this conversation with Peter we talk about how you define pre-fabrication or panelisation, when can it be used, and some of the benefits of going down that path for construction. I hope you find it thought provoking and interesting.

I don’t know about you, but I like the idea of finishing construction 6 months ahead of schedule. How awesome would that be!

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Lessons for property developers

I took quite a few thoughts away from my conversation with Peter, including these:

1. Consider different ways to build

Have you explored different building techniques or ways to construct. There is lots of innovation happening in the building game, and also other industries that can be used to help improve the efficiency of your project. For example I have read that Henry Ford got his idea for the assembly line from a meat packing factory, which very efficiently moved the animal carcass along a line while butchers progressively removed and packed the parts. Perhaps you can speak with your builder or designer about possible new techniques, or check out industry bodies to see what is new or innovative in that sector, for example I saw a video of a robot bricklayer which would greatly reduce the time it takes to lay bricks on a site.

2. Consider different construction materials

What about looking at the eradication of elements, like bricks, which can slow down the building process. Can you use a light weight cladding rather than something else? There are lots of alternatives out there, so again speak with your designer, builder or industry bodies about what options you may have.

3. Is there a building system solution you can use

Think about whether you can work with a panelisation or pre-fabrication supplier to produce a product that meets your markets’ expectations and helps you get through the project quicker. You may be able to find a supplier that can offer a design and production package that you are happy with. There are a few alternatives to the standard building package so do some research and see what you can find. You might just surprise yourself!

Don’t forget to find me on Instagram @propertydeveloperpodcast for my project photos and development videos.

Links

Drouin West Timber & Truss - http://dwtt.com.au

Finding ways to stand out in a crowded marketplace is key to successfully selling out project after project. So we speak with real estate agent David Stewart about selling off the plan, marketing projects and staying ahead of the competition.

David has had a long career in the property industry and a track record of selling off the plan. He is also someone who likes to try new things, and just received some industry awards and recognition for innovation and marketing.

In this conversation we talk about the keys to success when selling off the plan, where you get the biggest bang for your marketing buck, and how you can stay ahead of the competition.

Having a good selling agent on your team is really important to the overall success of the project.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for real estate developers

Here’s three things I took away from our discussion:

1. Try to stand out from the crowd

In a crowded marketplace you need to stand out from the competition, and there are many ways to do this. Get great renders produced to start with. I mentioned upwork.com as a place you can look to find a good renderer, or another site is easyrender.com It doesn’t have to cost a fortune to get good renders down these days. You should also work on emotive copy to emotionally engage your prospective buyers, again a site like upwork.com can help find copywriters if you don’t feel this is your strong point or your agents either. And of course, the overall design of your project can help you stand out, so find the best designers you can afford and deliver something of quality that people will desire to live in or buy.

2. Develop videos to promote your project

As David and I discussed, video is essential these days if you want to reach more potential buyers, and it is not that hard to create simple, yet effective videos. Whether that be animating still images with some music, or getting a production company to create a killer video, and everything in-between. I think videos with the developer explaining why they are doing the project is good, or a video with the designer and agent promoting the benefits of the project are really beneficial, and they need only be short and sharp, from 1-2 minutes long. You can then use these videos on your online listing and through your website or other sites like Facebook, Twitter or Instagram. The options are many. It’s all about helping your project to standout and get noticed.

3. Research and understand what your market wants

This was David’s top tip. Make sure you understand what your intended buyer is wanting and deliver up that product. You should be able to get some good market feedback from local agents about what buyers are looking for, and also if the market is flooded with a particular type of property. Though keep in mind the time it takes to get your project to market, by which time the market might have shifted and buyers wanting something different.

And remember you can check out our Instagram feed https://www.instagram.com/property_developer_podcast/ for all my latest videos and property developer porn pics.

Until next time, may all your project marketing stand out from the crowd…

Links

Market Share Property - www.marketshareproperty.com.au

Your Property Project - www.yourpropertyproject.com.au

Upwork - www.upwork.com

EasyRender - www.easyrender.com

Justin's latest project video

A good building surveyor will play an important role in the construction of your property development project. While they do play an important compliance and certification role, they can also add value along the way that can help reduce costs, avoid delays and deliver a better quality product.

So I speak with experienced building surveyor Peter Eyers from Reddo Building Surveyors about their role in a development project.

I haven’t had much direct contact with the Building Surveyor on our project, however I know the builder and architect have had regular dealings with him. And I have come to understand that the building surveyor doesn’t just have to play a compliance and certification role but can help solve problems.

In this conversation with Peter, we talk about why a building surveyor is important, what role they play in a development project and how you can get the most from your building surveyor.

Property Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Social Connection

Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast

Tips for Real Estate Developers

I certainly learnt that the building surveyor has quite an important role to play in your development project, and here’s the lessons I took from my conversation with Peter:

1. Talk to your building surveyor about ways they may be able to help you

This is something I didn’t do at the start of the project, but next time I will be having a conversation early about how the building surveyor can add value to the project, or ways they can be involved in the development process. I think a good surveyor will be able to add suggestions along the way that will help reduce cost and improve the result you get.

2. Make sure to use the right surveyor 

As Peter said, ensure you engage a building surveyor who has experience in your type of project. You want someone who has lots of experience looking over the types of product or construction techniques that you are using for your build, so that they know what to look out for or be able to provide advice and ideas on ways to improve things or problems to avoid.

3. Don’t skimp on your consultants

Always try and hire the best people you can for the job, it can be tempting to go for the lowest cost option, especially for something that you may not perceive as directly adding value to your product, but the wrong hydraulic option or structural solution can easily increase cost and complexity to a build.

Okay, so that’s it for this episode. Thanks again to Peter Eyers from Reddo Building Surveyors for sharing his knowledge and insights into the role of the building surveyor. I certainly enjoyed speaking with him.

You can catch me on Instagram @propertydeveloperpodcast (https://www.instagram.com/property_developer_podcast/) for my development pictures and videos, otherwise I am occasionally on Facebook (https://www.facebook.com/propertydeveloperpodcast) and Twitter (https://twitter.com/@PropDevPodcast).

So, until next time, may all your building inspections get signed off…

Links

Redo Building Surveyors - http://reddo.com.au

Justin's latest project pics