Is A Turn Key Solution The Best Option For Your Property Development Project?

How do you decide if a turn key solution the best option for your property development?

When investing in a property development project, there are a few different ways to approach the process. Some investors like to manage every detail themselves, where others prefer to hand over the management to a design and construct team, and some like to sit in the middle and maintain a good level of involvement. Your style will depend on who else is involved in the project, as well as your skill-set, level of development experience and free time capacity.

What does a turn key service involve?

A complete turn key service for a multi-unit property development project means that the builder manages the entire process for you, from design to completion. Design and construct teams that offer this service have significant property development experience. They also have a strong team, and a trusted extended network of professionals.

A complete network will often be a combination of in-house staff and external services, including:

  • experienced administration and finance teams
  • lending specialists
  • building designers, experienced with multi-unit developments
  • construction engineers
  • legal services
  • local council contacts
  • a full construction team, from earth works to flooring
  • landscaping professionals
  • property stylists
  • real estate agents

Investors who employ a design and construct team and take advantage of a turn key service save themselves the time, effort and stress that goes with finding, negotiating and communicating between multiple services. A turn key solution allows you to have just one point of contact. You can also trust that the professionals engaged by a quality design and construct team have proven themselves to deliver a high standard.

New property development investors

For new investors, a turn key service is a brilliant option. Property development is complex, and there’s a lot of high value moving parts involved. Making mistakes or errors in judgement in this high stakes game can be very costly. With a turn key service you stay in control, but you know your project is going to be kept on track. You also have the confidence that your specialist development build team will use their experience to maximise the profitability of your project. A team that prioritises communication will walk you through the process. This allows you to gain insight into the inner workings of a successful multi-unit development.

Multi-unit developments with multiple investors

It’s not just new investors that take advantage of a turn key service. Experienced but time poor investors, and investment teams also benefit immensely. For developments with multiple investors, a turn key service makes for a more streamlined venture. In this case, the build team acts as an independent third party who works objectively in the best interest of the project.

Experienced development investors

Experienced development investors know the benefits of a successful project and are familiar with the hard work that goes into achieving maximum Return On Investment (ROI). Property developers that outsource with a turn key service take the hard work out of the process allowing them to enjoy the process and the profits. ROI is maximised when the project is in the hands of an experienced team, and there is the added benefit of taking the time investment out of the equation. Learn more in this article.

Choosing a design and construct team, and turn key service

When choosing a design and construct team and turn key service, be mindful that the inclusions may differ. Be sure to read the contract thoroughly and speak with your builder to get a good understanding of what’s included, and what isn’t.

At delcon, our turn key service includes:

We work with you from the very beginning of the project, and can take care of every detail, or involve you where you’d like to be involved. Our years of hands-on property development experience allows us to implement a proven strategy to achieve the very best ROI possible.

To get a free Feasibility Assessment for your Melbourne project, give our Directors a call today on 1800 335 266. Alternatively get in touch with us here.