Duplex (Atul Saxena)
556m2, R1, Gillieston Heights Maitland, New South Wales
Most mum and dad developers think a duplex is a simple development.
Buy the land. Get the DA. Build two homes. Sell them. It’s not always that simple.
The real pressure hits when strata subdivision takes longer than expected, when an $80,000 variation lands on a supposedly fixed-price building contract, and when you have to sell quickly and potentially leave money on the table.
That’s when the lessons really begin.
At our next Property Developer Network Meetup, Real Deal presenter Atul Saxena shares a duplex project that tested him on construction, timeframes and the final sale.
What went well? Buying directly from the developer. Getting DA approval in just four months. Completing construction in nine months. And building a strong relationship with his builder.
What didn’t? Strata delays, an unexpected $80,000 variation and having to sell the first unit in a hurry.
This isn’t theory.
It’s real-world development, the part most people don’t talk about. The stuff you don’t see on social media.
If you’re a mum and dad developer who wants to:
·     Avoid costly construction surprises
·     Understand the risks behind fixed-price contracts
·     Better manage timeframes and the sales process
·     And learn from the lessons of a real development
Then you need to hear Atul’s story.
Because in property development, every deal teaches you something.
And the lessons from this one could help you on your next.