Hi ALL,
New to somersoft and first time post. Would like to share the journey of a commencing a Triplex development in St James, WA.
Background:
*First time developer
*Qtr. Acre block
*Retain and build model whilst occupying front dwelling as PPOR.
Subdivision:
*Demo complete
*Services complete
*Lodged to landgate for titles
*DA not approved prior to Titles by Canning. (Painstaking to say the least).
Building:
*Utilised building broker
*Tendered to builders
*Letter of intent issued for two survey strata dwellings. 3X2 and 4X2 on 332m2 and 310m2. 180m2 and 190m2 of living.
*Estimated completion November 2015.
Strategy:
*Develop and hold as rentals.
*Create equity for Number #2 project.
Look forward to sharing the journey!
Cheers
New to somersoft and first time post. Would like to share the journey of a commencing a Triplex development in St James, WA.
Background:
*First time developer
*Qtr. Acre block
*Retain and build model whilst occupying front dwelling as PPOR.
Subdivision:
*Demo complete
*Services complete
*Lodged to landgate for titles
*DA not approved prior to Titles by Canning. (Painstaking to say the least).
Building:
*Utilised building broker
*Tendered to builders
*Letter of intent issued for two survey strata dwellings. 3X2 and 4X2 on 332m2 and 310m2. 180m2 and 190m2 of living.
*Estimated completion November 2015.
Strategy:
*Develop and hold as rentals.
*Create equity for Number #2 project.
Look forward to sharing the journey!
Cheers