Increase Your Property Development ROI With A Turn Key Solution
Increase Your Property Development ROI With A Turn Key Solution
What is a turn key (aka turn-key) solution?
A turn key property development solution is a service provided by a specialist multi-unit design and construct team. A property development investor engages this service from their design & construct team early on. This may even be prior to purchasing a block of land to get advice on location and land costs. The turn key service means that the builder takes care of the entire process, from design to completion. Once the investor has purchased the land, the design and construct team commence to plan and build the most profitable development possible.
How will a turn key solution increase my Return on Investment (ROI)?
A specialised team will know the market
If you engage an experienced design and construct team, they will know the nuances of the local market. The research will have already been done for you, and have been backed up by actual development experience in the area.
It’s important to get this right as the land you choose for your development is the most important decision in the entire multi-unit property development process. The location, and other land variables will determine your profit margin. For more information read our article on choosing the right block of land. The wrong decision here could be the difference between a healthy ROI, and none at all. A turn key solution engages your design and construct team early to take advantage of their knowledge from start to finish.
Engaging a team of professionals
A turn key solution ensures that your project benefits from a team of professionals with very specific skill sets. Instead of burying your head in paperwork and running from office to office to meet with people, your project will be fully managed. You’ll have one project manager who will communicate with you, and ensure each task is handled by the right people.
At delcon, we have over a decades worth of experience in property development in Melbourne. Our trusted team and extended network have a proven track record of professional and effective service.
Maximise equity
A multi-unit property development project is subject to strict design guidelines. These design guidelines can also differ between councils. Guidelines apply not only to what the building looks like, but also include building material choices, functionality provisions and green (outdoor) space requirements. For more information, read this article.
A turn key solution includes a specialist multi-unit building design. An experienced development designer will make the most of available space and truly maximise the equity in your land. There is no ‘one size fits all’ design with a multi-unit development project. Each parcel of land comes with it’s own challenges and requirements. Each project is a custom design.
In this case though, a custom design doesn’t mean choosing each detail in accordance with your personal preferences. A specialist designer will focus primarily on the buyer’s or renter’s profile. Your development is an investment project, and every element that’s included in the design should contribute to maximising your ROI. Details such as storage, bright open spaces, entertaining areas, and neutral colour palettes are all important and contribute to increased sale prices.
What exactly is included in a turn key service?
The inclusions of a turn key service may differ with each design & construct team. Make sure you understand what is and is not included with any contract before you sign. At delcon, our turn key service includes:
- Feasibility Assessment
- Building Design
- Planning applications and permit
- Construction
- Landscaping and Driveways
- Certificate of Occupancy
- Linking with professional services (legal, real estate etc.)
Do your research to find the right design and construct team for you. To read more on choosing the right builder, click here.
For more information on our turn key service, and how delcon can help you increase your ROI, give us a call today on 1800 335 266, or get in touch with us here.