Massive Profits from Renovating or Developing

At our team meeting last week, we were talking about where clients had been having the biggest wins recently.

One thing really stood out and we realised that it’s something that’s almost a well kept secret.

By now you should be well aware that I place a massive value on WHO you know. Long standing relationships are simply able to get more deals done (than when you are making connections for the first time).

Over our years of experience, the team have honed their skill of identifying and sourcing properties with untapped potential, facilitating the transformation into impressive developments and renovations for ecstatic clients.

So what’s the secret? How can you find the perfect properties to renovate or develop for yourself?

Here are three critical steps to maximise your potential investment, if you are looking to add value:

1. Develop Property Sourcing Skills

Develop a keen eye for ‘ugly ducklings’ – overlooked properties that hold significant potential for value addition through strategic development or renovation.

It’s crucial to understand things like whether the property requires a Complying Development Certificate (CDC) or of a full Development Application (DA) for the work you are looking to complete.

2. Build an Incredible Team

Different council areas require different experts to help you with projects. Spend the time to find experts with a track record specific to what you are looking to achieve. Make sure you are familiar with their project history and experience in dealing with projects exactly like yours.

3. Ensure Expert Personalised Guidance

Get help making critical decisions, like determining whether to renovate, how to increase yield by developing, or how to choose the right materials to avoid overcapitalising. It’s incredibly simple to make one small decision that can flip the profitability of a renovation or development.

If you are not aware of the consequences of simply moving the position of a kitchen sink during a renovation (without a construction guarantee), then you need to take a step back and seek help now!

All the time we see people overcapitalising where it simply isn’t necessary. Worse case scenario is that the “simple” renovation project becomes a budgeting nightmare, with no hope of recouping the costs.

Done right, a development or renovation not only increases the property’s value, but also enhances its demand and rental yield. And this should always be without overcapitalising.

Sourcing and Buying Properties

Finding a property with development or renovation potential can be extremely competitive and almost impossible if going to auction is your strategy. We help clients source the right property (often by accessing properties off-market) and ensure you never overpay.

Assisting With Contacts You Need

Our team can help guide you on how to consider the numbers, often uncovering value where others are unable and most definitely show you red flags that can be the difference between a healthy profit and an ugly disaster.

Who is this for?

Whether you’re a developer or builder looking to increase your profit margin, a homeowner aiming for a knockdown-rebuild, or simply someone seeking to maximize yield, our team’s expertise is unmatched in the industry.

It doesn’t matter if you are a seasoned developer looking to source properties, or a first home buyer who has no experience at all.

It’s easy to feel overwhelmed or time-poor, though it doesn’t mean you have to miss out.

  • Time to source, inspect, negotiate and buy properties
  • The contacts required in the local council area you are working
  • The skills for approvals
  • Or find the process too risky

There is someone you can sit with to develop the perfect strategy from step one to completion.

Our goal at Your Empire is to make the property investment journey as seamless and rewarding as possible. You get help to cover the entire lifespan of buying, owning, and investing in property, all the while expertly navigating the potential pitfalls and seizing golden opportunities the general public will simply never see.

Book a free and confidential strategy session with our team of property experts today and let us help you unlock the full potential of your property investments.

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