A meticulously planned Perth property development, executed by an experienced team, can yield very significant investment returns. We’ve proven this time and time again with our clients. There are few other investment options that can boast the same level of return, relative to the time and effort involvement of an investor.
It is also no secret that the Perth property market is experiencing a significant boom. Currently, there are less than 3000 houses to rent in all of Perth, compared to 52 weeks ago when there were 6100. Perth is also experiencing a historic low rental vacancy rate of under 1%, with expected rental increases tipped to be between $50-$100 per week for landlords as the rent memorandum ends.
There’s also now less than 8000 houses for sale in all of Perth. 12 months ago this number was 13000. Stock is dwindling and there is strong upward pressure on prices. Don’t wait until it’s too late!
Now’s the perfect time to buy land and develop it. With the market’s growth, the potential profit margin is fantastic, and only increasing.
There are also a few key components that can help you maximise the return on your Perth property investment even more. These include;
A building must be functional, energy-efficient, and aesthetically appealing. To be competitive and to be financially feasible, your development project must create a space that is desirable to the market.
To incorporate and achieve these aspects, you need to engage a specialist development building designer. You need a team that’s an expert at designing developments. Jubilee Home Builders are a local Perth residential construction team. We know the local market, and how to design to cater to higher sales prices. A great design is imperative to the desirability of the home, and the success of your property development venture.
Building on budget
A feasibility study will determine if your development is worth investing in. Including how much to spend and where to spend it appropriately. Building on budget is so important, as cost overruns in property development can negate the assessed profit of a development.
If you make any construction variations, and this is always a possibility, be sure that these variations are within budget range and always get these changes in writing from your builder. There is nothing worse than finding out at the end of the project that your profit has been lessened by variations that have not been accounted for.
At Jubilee Home Builders, we work with an established network of suppliers and trades that are trusted professionals in their fields and experts in development builds. We know what to expect, and our team are great at their jobs, which keeps variations to a minimum.
Completing your build on time
Having a builder that is experienced in property development, and experienced in your build area location, will mean that you won’t be wasting time on council approvals/requirements. At Jubilee Home Builders, we are an efficient, experienced team that will organise your subdivision quickly, based on our years of experience and understanding the nuances of council requirements.
Having a great styling and sales team builder who has recommendations for you.
Once your property development project has been completed, it is now time to put the finishing touches with a styling and sales team. Your development has to look amazing, and it needs to outshine other properties by offering that ‘wow factor’. As established property development builders in Perth, we have a trusted supplier list that we can share with you.
What’s more, is we offer a complete service where we will manage your entire project – from soil testing and engineering, through development application and approval through to completion of the project.
This is great for our interstate clients who want the ROI of a Perth property development but need an expert team to manage the process as they are unable to be on-site.
Whether you’re local, interstate, or international, we will guide you through the process, build it to plan and to specification, and connect you with our professional network as needed along the way.