Lisa Digby – 1 into 2 subdivision & duplex build
There is a saying, “You don’t know what you don’t know”… and this is so VERY true when it comes to a newbie in property development!
First-time property developer, Lisa, bought this site off-market for a good price just before the 2019 election at a time when no-one was really buying property, negotiating a better vacant block that the owner at first didn't want to sell! She had a good team of consultants and was lucky with a reliable builder who communicated well during the build process.
ALAS… a few cracks soon began to show causing Lisa more than a few headaches:
- DA approval took a long time due to COVID and exceptions getting double garages over the line,
- Delays lodging the DA meant she didnt take full advantage of the settlement period,
- Lack of clarity around some of the DA conditions delayed getting the construction certificate,
- Timber shortages further delayed building commencement,
- Bad weather caused more delays with the driveway pour and landscaping work being re-done with extra drainage put in, and
- Extra costs that weren't factored into initial feaso e.g. site preparation costs, civils works, extra landscaping costs.
SO… what does Lisa know now?
PLENTY! And she has loads of insights to share at this month’s Meetup. Come along to find out how she successfully completed this project – all while working full-time!