Hi Forum,
I am considering using a property development project manager to take care of all aspects of a property development project.
The duties that they will be responsible for are:
------------------------------------------------
-Find property that can be developed in the right areas. Often this property is not listed on the open market and can already be DA and/or CC approved.
-Continually research, assess industry data and report on the progress in towns and suburbs we develop in.
-Conduct thorough checks with council, surveyors and local service authorities once a suitable property has been located.
-Liaise between local agents, clients, solicitor and financier to optimise purchase terms and ensure a smooth process.
-Research with councils and work with local architects, designers, engineers, builders and contractors to find the best development solutions for this specific property.
-Run various analyses and project feasibility.
-Work on the design with the architect and builder and ensure clients are happy with the final plans before they are lodged with council.
-Raise builders estimates then once a builder is appointed obtain tender and contract at appropriate times.
-Negotiate builder and contractor discounts.
-Produce and keep a detailed budget throughout the project and present the budget to clients, their accountant and quantity surveyor to optimise tax benefits.
-Work with client to choose personal colour and design schemes, or manage this on behalf of clients.
-Oversee the sometimes complex DA and CC process.
-Manage the building process and take photographic records of each stage.
-Weekly Update Reports containing photos of the development's progress are completed and emailed every Friday.
-Keep a timeline of progress of the development and present to client on completion.
-Brief local real estate agents, negotiate management terms and assist in finding suitable tenants.
-Fast track completion and occupation certificate process.
-Brief quantity surveyor and raise depreciation schedules on completion.
-On-going checks to ensure property is being managed correctly.
-Keep you in the loop of ongoing, future potential investment opportunities to help you with your ongoing wealth creation programme.
-----------------------------------------------------
What do you think should be a reasonable fee to manage all aspects of the development?
Any opinions or experience would be appreciated.
Thanks
Jason
I am considering using a property development project manager to take care of all aspects of a property development project.
The duties that they will be responsible for are:
------------------------------------------------
-Find property that can be developed in the right areas. Often this property is not listed on the open market and can already be DA and/or CC approved.
-Continually research, assess industry data and report on the progress in towns and suburbs we develop in.
-Conduct thorough checks with council, surveyors and local service authorities once a suitable property has been located.
-Liaise between local agents, clients, solicitor and financier to optimise purchase terms and ensure a smooth process.
-Research with councils and work with local architects, designers, engineers, builders and contractors to find the best development solutions for this specific property.
-Run various analyses and project feasibility.
-Work on the design with the architect and builder and ensure clients are happy with the final plans before they are lodged with council.
-Raise builders estimates then once a builder is appointed obtain tender and contract at appropriate times.
-Negotiate builder and contractor discounts.
-Produce and keep a detailed budget throughout the project and present the budget to clients, their accountant and quantity surveyor to optimise tax benefits.
-Work with client to choose personal colour and design schemes, or manage this on behalf of clients.
-Oversee the sometimes complex DA and CC process.
-Manage the building process and take photographic records of each stage.
-Weekly Update Reports containing photos of the development's progress are completed and emailed every Friday.
-Keep a timeline of progress of the development and present to client on completion.
-Brief local real estate agents, negotiate management terms and assist in finding suitable tenants.
-Fast track completion and occupation certificate process.
-Brief quantity surveyor and raise depreciation schedules on completion.
-On-going checks to ensure property is being managed correctly.
-Keep you in the loop of ongoing, future potential investment opportunities to help you with your ongoing wealth creation programme.
-----------------------------------------------------
What do you think should be a reasonable fee to manage all aspects of the development?
Any opinions or experience would be appreciated.
Thanks
Jason