26 – Tips for getting the most from a builder on a multi-unit property development

The building side of property development is one of the biggest pillars of the process, so getting it right is crucial to the overall success of your project. And the builder is a key part of ensuring your construction goes well. I speak with builder Chris Brownhill from Brownhill Homes about building multi-unit property developments. Most of his clients are property developers who are doing multi-unit developments. Having a good relationship with your builder goes a long way toward ensuring the success of your project. In this discussion you will hear some ideas on how to choose a good builder, how to best work with them and some suggestions on how to manage build costs. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Tips for real estate developers Here are 3 things I took away from our conversation: 1. Ensure you communicate effectively with your builder Chris talked a lot about the need to communicate regularly and effectively with your builder. This is important as there are so many questions to answer and issues to resolve along the way, so you want to have a good working relationship with your builder. I think you can get a good feel for a person by speaking with them on the phone a few times and even meeting up with them to go over your project. Ask them some challenging questions to see how they respond, something like an example of when a development build didn’t go according to plan and why, how comfortable would they be with a lender going through their financials, do they have any complaints or debts issues going through a resolution process, and listen and see how they react and respond. Finding a good builder that you can work with will really go a long way toward ensuring you can bring in projects on time and on budget. 2. Ask for client referrals from your builder If you are seriously considering engaging a builder for your project,