Table of Contents
 Residential Real Estate Development Course

Contents


Foreword


Author’s Note


Introduction


Your Current Situation


This Course Format


Road Map - Development Work Flow Chart


Market Research


* Zoning


* Development Regulations


* Town Plan


* Know your City


* Determine your Market Sector


* How I Examine Other Developments


* Analyzing Sales Data


* Create Land Value Data Base


* Development Finance Research


* Commercial Finance Broker Research


* Development Attorney Research


Locate Land & Negotiate Purchase


* List all possible development sites


* Research property statistics


* Create priority list of sites


* Prepare conditional contract


* Contents of a conditional contract


* Approach property owner(s)


* Negotiate with owner


* Both parties sign Contract


What are you going to do now? Development Finance Application Explanation


* So What Do These Financiers Want From Me?


* Assessment Risk No. 1: Your CRA


* Assessment Risk No. 2: Your Development Proposal


* Item Description Development Finance Application


* Economic Multiplier Effect


Development Finance Application Document


Development Design Stage


* A Unit Development Team Comprises


* Preliminary Design


* Other Design Consultant Work


* If Your Project Is Not Financially Viable


* Lodge Your Development Application


Development Design Consultants


The Architect


* An overview description


* How to select an architect


* Links to major Institutes


* The stages of work for the architect


* Land Investigation


* Preliminary Design


* Detailed Design


* Building Approval


* Builders Cost


* Construction Phase


* Completion Phase


The Structural Engineer / Civil Engineers


* An overview description


* Civil Engineer


* Links to major Institutes


* The stages of work for the Structural Engineer


* Land Investigation


* Preliminary Design


* Detailed Design


* Building Approval


* Builders Cost


* Construction Phase


* Completion Phase


The Hydraulic Engineer


* An overview description


* Link to major Institutes


* The stages of work for the Hydraulic Engineer


* Land Investigation


* Preliminary Design


* Detailed Design


* Building Approval


* Builders Cost


* Construction Phase


* Completion Phase


The Quantity Surveyor


* An overview description Quantity Surveyor


* How do you select a Quantity Surveyor?


* Links major Institutes


* The stages of work for the Quantity Surveyor


* Land Investigation


* Preliminary Design


* Detailed Design


* Building Approval


* Builders Cost


* Construction Phase


* Completion Phase


Electrical Engineer


* An overview description Electrical Engineer


* Links major Institutes


* The stages of work for the Electrical Engineer


* Land Investigation


* Preliminary Design


* Detailed Design


* Building Approval


* Builders Cost


* Construction Phase


* Completion Phase


Land Surveyor


* An overview description Land Surveyor


* The Surveyor & Your Pre-selling Plan


* Links major Institutes


* The stages of work for the Land Surveyor


* Land Investigation


* Preliminary Design


* Detailed Design


* Building Approval


* Builders Cost


* Construction Phase


* Completion Phase Feasibility Study – Detailed Item Description


* Feasibility Study Work Sheet (blank)


* Cash Flow Feasibility Study (blank)


*Let’s Start A New Four Unit Development


* First Meeting with the architect – design brief by you


* Prepare design brief


* Second Meeting with the architect


* Example Of A Good Floor Plan Design


* Back to the second meeting with your architect


* Architect to Prepare an Outline Specification


* Your Action Now


* Preparation For Development Application


* Get your construction cost estimate


* Complete your feasibility study


* Third meeting with the architect


* Lodge Development Application


Cost Estimator


Feasibility Study Preparation


* Cash Flow Analysis (work sheet completed)


* Explanation of Every Cash Flow figure and method of calculation


* Completion of Cash Flow Explanation


* Feasibility Study (work sheet completed)


* Feasibility Study Analysis Prepare & Lodge Development Finance Application


Presentation of Development Finance Application


* Sample Letter To Accompany Development Finance Application


* A Short ‘Real’ Story About Development Financing


Action After Development Approval Is Granted


Action After Development Finance Application Is Approved


Detailed Design of Construction Drawings Starts


Getting Building Approval


Getting Construction Cost


* Builder’s Construction Cost


* Incompetent, Unprofessional, Lazy and Think You’re A Mug


* (General Contractor) Wants You To Take All The Risk On Pricing


* How Builders/GC’s Should Present Their Construction Cost


* Feasibility Study recalculated


Demolish or Remove House


Building Approval Issued – Construction Starts


Advertising & Promotion - Sale of Units


Unit Information “Hand-Outs”


When To Use A Standard Real Estate Sales Contract?


When to Use a Pre-Sales Real Estate Contract?




Real Estate Development Coach
©Colm Dillon 2006 Marotire Pty. Limited
 as Trustee of the Dillon Family Trust
 www.realestatedevelopmentcoach