1 into 7 Town House (Cassandra & Mauro Buono)
1600m2,R3, Hornsby, New South Wales
You’ve found the property.
You’re planning a three-lot subdivision.
You’ve done your homework.
Then the site gets rezoned.
Suddenly, you can build seven townhouses instead.
Happy days, right?
Then development reality kicks in.
Stormwater easement approvals. A builder with other priorities when you're at peak debt and poor paperwork resulting in over $300,000 in unexpected variations.
Suddenly, what looked like a great development opportunity becomes a whole lot more complicated.
Here’s what many mum and dad developers don’t realise:
A great deal can still go wrong if you don’t keep control of the build.
Mauro and Cassandra Buono experienced exactly that with their townhouse development.
Originally planning three houses, rezoning opened the door to seven townhouses. They found a good private lender and benefited from a market where townhouses were in short supply.
But when their builder failed to deliver, Mauro had to roll up his sleeves, get hands-on and help push the project towards completion.
So what went right? What went wrong? And what would they do differently next time?
At our next Property Developer Network Meetup, Mauro and Cassandra will share:
•     How they found the opportunity and secured the site
•     How rezoning transformed the project from a three-lot subdivision to seven townhouses
•     How they sourced private funding
•     The costly lessons of unexpected variations and poor builder paperwork
•     How they dealt with builder delays and stepped in to get the job done
•     And the key lessons they learned along the way
Because property development isn’t just about finding a great site.
It’s about managing the risks, controlling the costs and knowing what to do when things don’t go to plan.