Best Luxury Home Builders Melbourne - Choosing the Right Site For Your Townhouse Development
One of the biggest risks that residential property developers take is not choosing the right site. It is very important to thoroughly research your site, get the best advice and then nail the feasibility and due diligence of your project. Many people make the mistake of selecting the wrong site and wind up losing money. However, there are many ways to make sure that you don't face the same risk. Here are three tips for choosing the right site for your townhouse development. Start building townhouses before others. Townhouses will be a huge trend in Melbourne, so it's best to get in early before the market is saturated. Investing in townhouses now will help you generate additional cash flow from renting out or selling other residences. If you don't have the cash to develop them all, you can always move into one of them and rent out the rest. That way, you'll have a steady stream of cash. Compared to a free-standing home, a townhouse requires less land. That means you...