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Multi-unit development projects can be overwhelming and complex, especially for first-timers in the field. If you’re suddenly given a huge chunk of land and not sure how to maximize it or make it profitable, then calling on multi unit builders to help you figure it out.
This type of project involves building multiple places of dwelling on a single lot. These could be units, townhouses, duplexes, triplexes, traditional houses, apartment buildings and commercial offices. The possibilities are endless and you’ll only be limited by the size of your land and your budget.
When done properly, multi-unit development can become a great investment that’ll bring you high returns.
The quality of home designs is high and there are many differnt styles to choose from.
Once you pick the design that’s best for your needs and land space, then you’re all set.
Prices are normally fixed, so you’ll have a much more precise idea of the final costs.
If you’re constantly worried about your children and future grandchildren, then considering multi-unit development can ease your mind, knowing that your family will at least have a roof over their heads. Set aside a unit or two that will not be sold or leased out to outside clients and will serve as dwelling places for your loved ones.
It’s difficult to put an exact price point on multi-unit development in Melbourne. A lot of factors come into play when budgeting one project. The type, size and design of the units you’re planning to build and how many can occupy the plot of land you have is a huge determinant of the expense.
You also have to consider labor cost and any government processing fees associated with the project. What you need to make sure, though, is that the margin you get back, per unit, makes it a worthwhile exercise.
Set a meeting with multi-unit builders
Because multi-unit development is a large and complex undertaking, it is best to consult with professionals and experts in the field. They will know the optimal design for your plot of land and how many units can occupy the space. Just make sure to be clear what your goal is for this project. Are you looking to put up commercial or residential spaces? Will you be renting, leasing or selling them to interested clients?
Consult designers
Usually part of your building team, these designers will create layouts and plans for the dwellings that you’d like. They will take into consideration your requirements, as well as your preferences and budgets.
Get the necessary permits
Your multi-unit development builders will know which ones you need to acquire before beginning the project. On your end, make sure that you have the necessary papers and requirements ready to be submitted, and money set aside for the fees.
Construction begins
Once everything is in order, then that’s the time that building commences. Let your building team do the job for you and ask for updates once every phase of the project is completed.
Think Simple Builders have 35 years of experience building in the inner West suburbs of Melbourne.
We are passionate about building beautiful homes and serving the communities of Footscray, Carlton, Collingwood, North Melbourne, Kensington and Fitzroy. Whether a simple renovation, a new home of complex multi-unit development we aim to make it a stress-free process.
Think Simple Builders is owned an operated by Tom Zmijarevic, a veteran builder with many years of experience as registered domestic builder.
Tom values honesty, reliability and takes pride in his work using best practice techniques. Our mission is to provide a specialised building service to local government, civil construction and building industries and to the private residential sector.
