Investing in property is one of the most well documented and safest ways to invest money. With a well-managed development, there is potential to make substantial profits.
With Brisbane’s ever increasing population, it’s evident in areas like Teneriffe, Newstead & Fortitude Valley the amount of development that is taking place.
If you are considering going down the property development route, there are many factors involved in pulling off a successful build. Due to this very reason, the majority of new residential building developers engage companies like Red & Co to assist in getting the project delivered on time and on budget. If you are working on one of your early projects and are in need of some help, consider Red & Co. With over $500 million in developments in the past 5 years, trust the team that gets the job done.
Top 4 Tips for the new Residential property developer in Brisbane
- Research: There are many companies which provide property development services. Red & Co offer a no obligation meeting where we can run through your requirements.
- Talk to Friends & Family: Talk to others who have done it previously, they’ll be more than happy to give you some advice that could save you thousands. Take the advice, write it down, then when you meet with Red & Co run through it.
- Due Diligence of Builders: Doing background checks is of the utmost importance when choosing the company you wish to invest your hard earned dollars with. Ensure the companies are licensed and insured correctly for the size of the job. Red & Co development management provides this as part of the service. Have peace of mind knowing your investment is being built by a reputable builder.
- Scope and pricing of the project: Finally, and most importantly, scope out the project with all parties in absolute detail. Once you have all the pricing in front of you, seek other quotes. Then negotiate against each contractor. At Red & Co, this is all part of the service, we seek only the best builders and contractors. We ensure you get the best price for the build, and have experience to know what it takes to get your project delivered on time and on budget.