A useful cost plan goes beyond the build quote. Acquisition, design, approvals, finance, holding, sales, tax, civil works and contingency can all influence the commercial result.
Before construction
Allow for due diligence, acquisition costs, surveys, design, engineering, planning, authority fees, demolition, legal work and finance establishment.
During delivery
Include construction, variations, consultants, certification, services, civil works, insurance, interest, rates and the cost of time.
At the exit
Sales commissions, marketing, conveyancing, defects, settlement timing and tax treatment all belong in the picture. Review the checklist with qualified advisers for the project and jurisdiction.
This article provides general educational information only. It is not financial, investment, legal, tax, planning or accounting advice. Property development involves risk, and you should obtain independent advice appropriate to your circumstances and project.