Then our Real Deal comes from John Hawkins and was a Townhouse deal in Lennox Head on a 629m2 block.
Whilst having a TONNE of prior property knowledge under his belt, John knew that this deal could be a fiddly one to navigate.
The site was acquired in December 2020 when COVID was already 'happily' interfering with the construction industry supply chain and increasing costs. So John knew he needed to engage a knowledgeable local Builder who could avoid any delays, and one who was open to a fixed price contract…including ofcourse some fair penalty clauses (…with 'teeth').
With the right Builder now locked in who was already working in the local area, he luckily knew the site well so could provide John with more certainly and more accurate estimates at the DD stage, including to cater for the slope of the block that needed a good design to alleviate any issues.
John was 'hitting the ground running', until….
…..the local Council put in a pram ramp, between exchange and settlement, that blocked his 2 car garage design strategy...Eeek! You'll have to join us to hear how this one turned out!
And then at completion of the project….
The Certifier wanted an additional retaining wall added. Oh dear! What would that mean for the fixed price contract John had agreed with his Builder…?
As luck would have it, and timing now on his side, John had a few key WINS at the end of his deal!
Join us for this event to learn why every project is NOT going to run as smoothly as you may plan….and why you need to ensure you have enough fat in the deal to cover off on unexpected expenses that can OFTEN crop up along the way!