Residential Development Process: The Ultimate 6-Step Blueprint

[@peterkellyofficial]

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[@dYanamatic]

I wish you were in NSW. I LOVE how your team runs on clockwork and efficiency keeping the end goal as target and hard work through challenges.

[@peterkellyofficial]

We really appreciate the kind words Mariah - we may expand one day into NSW, you never know 🙏🙌

[@suzelleantic1800]

By far the best information to date & FREE, it’s ezy understanding, clear & ezy to follow. I know who I’ll be choosing to work with, I’ll be in touch tomorrow

[@peterkellyofficial]

Awesome! Thanks Suzella, the team will be excited to hear from you :)

[@fishyu310578]

Very well presented. Thankyou.

[@peterkellyofficial]

Appreciate the feedback 🙏

[@joshturanich6646]

What is the typical loan to value ratio for a single family development?

[@peterkellyofficial]

It depends on your situation and lender but circa 65-70%, always best to ask your trusted broker though.

[@Matt-tt7ex]

Hi Peter, is there a general rule of thumb on how much capital you need for a dual occ subdivision? Let's just say for example: A property with no debt and can be sub-divided into 2. Or a property with a 800k debt and can be sub-divided into 2. Does the capital remain the same for both scenarios?

[@peterkellyofficial]

Hi Matt! You can lend a lot more on the property with no debt which will require less capital, if there is substantial debt on a project already your lender will need you to provide more capital to the project to get your LVR in check. Your broker is the best one to speak about this with :)

[@adzzii8085]

What’s the difference between development of an additional dwelling or additional dwelling and subdivision?

[@peterkellyofficial]

Hey Adzzii - if you add an additional dwelling to a site and you subdivide you can sell separately. If you don’t subdivide both dwellings will be on the same title. Hopefully that answers your question :)

[@adzzii8085]

@@peterkellyofficial yes thank you, another question my surveyor is asking me for the plans but hasn’t said what sort of plans I’m not sure what she means and do I draw the plans or do I contact a builder or a architect

[@peterkellyofficial]

Hey Adzzii! I'm thinking you could do with our Townhouse Masterclass that's coming out soon! Step by step of the WHOLE process 🚀🚀🚀 But for now, you need to engage a designer (draftsman or architect) to do your drawings, if you are talking about your LAND surveyor, they shouldn't need plans to do your surveys.... But if you are talking about your BUILDING surveyor, yes you will need plans... Good luck, we will let you know when the Master Class is available! Happy developing! 🤙

[@keilanpouge4436]

If it's not there it's not there

[@peterkellyofficial]

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