A little note from us:
Though the effects of Covid-19 are being felt acutely across the board at the time of this article being published. We feel that it is important to, as much as possible, keep with our original content schedule to maintain normalcy and provide a balanced range of information to help our readers make better decisions long term. This article was produced before current events without accounting for or addressing the extraordinary circumstances we find ourselves in right now. It is not intended to distract or diminish the current challenges of Covid-19 for property investors and their tenants.
Project Description
When developing properties our customers come to us with a variety of wants, needs and goals. When investigating properties for development there is not
one way to develop or a cookie cutter approach. We look at what your situation is and how we can then maximise the property to meet
your long-term goals.
In this scenario, the customer is looking to get an investment home with a high return. Their property was on a sloping
corner site with the existing house in the middle of the section. There was potential in completing a subdivision, however they were not looking at
expanding their portfolio or getting a capital gain, they were just focused on the return on investment.
When investigating any property, there are number of challenges to overcome, and this is just the nature of developing in Auckland.
Customer Situation
- Although the proposed location could have been sub-divided to increase their immediate capital gain, the customer wanted to limit their overall investment.
- Novice in building and did not know what their first step was to develop the property and who were the...
