Understanding the Stages of Property Development: From Concept to Completion
The key to successfully entering the field of property development is to have a clear understanding of the general process from concept to completion. This knowledge will ensure smoother planning and execution of the project, reducing stress and unnecessary trip hazards and having budget blowouts.
Initial concept and feasibility study
Every building development begins with a vision of what the property owner wishes to achieve in terms of aesthetics and function.
During this phase, owners, developers, architects, and builders explore the project's feasibility by creating a portfolio and negotiating whether the proposed development concept is achievable in terms of budget, timeline, property parameters and local building code constraints.
Developing the property concept
The development stage is where you consult a new home builder to align the initial concepts with current market trends and establish a pathway for realistic project plans.
You will be working side by side with your builder and contractors for the duration of the project, so ensure you choose a team with which you can build a good rapport.
Collaborating with architects and builders
Working with skilled architects and a reputable new home builder is crucial to translating your vision into a functional and aesthetic design. Architects will create detailed floor plans, taking into consideration your desired layout, style, and specific needs.
This is where you make key decisions on the number of bedrooms, bathrooms, and living spaces, architectural style, sustainable design features, and plot your landscaping and outdoor spaces.
Conducting a feasibility study
Once the concept is clear, a feasibility study is conducted to evaluate the project's parameters and viability.
This involves analysing several factors, including:
Cost estimations
Market demand
Site conditions, and
Regulatory compliances
A detailed feasibility study helps mitigate risks and ensures the project can move forward without restrictions and delays.
Land acquisition and site assessment
Once you've developed a feasible concept, the next step is acquiring the land and conducting an in-depth site assessment. This stage is critical because the characteristics of the land will significantly impact the planning and design phases.
Acquiring the right block of land
A property plan can be adapted and altered, the land the property sits on, however, can not.
The block of land dictates factors such as:
Building location
Building size
Property shape
Orientation
Accessibility
and more
Location impacts not only the construction logistics but also the long-term value of your property and resale potential.
Site assessment
A comprehensive site assessment is necessary to understand the terrain and factors that will affect the project's success.
A site assessment may include inspections and tests on soil quality, drainage, environmental factors such as wind direction or sun exposure, geotechnical testing, environmental reports, utility connections and services identification.
Design and planning
Now that the land is secured and assessed, you can move on to the finalisation of the design and planning. This phase is where the vision takes real shape as architectural plans are drawn up, designs are floated and finalised, and local authority approvals are sought for project initiation.
Regulatory approvals
You will need planning permits that adhere to zoning laws, building codes, and environmental regulations. This can be a lengthy process depending on the complexity of your development and the regulations in your local council area.
It is illegal to begin any land preparation or building before you gain these approvals and certificates, so you must plan this into your project timeline with some extra time allocated for unforeseen issues that need to be rectified before the project can begin.
Pre-construction preparations
The pre-construction phase involves detailed preparations to ensure the building process runs smoothly and efficiently. This stage is the most critical part of a quality build and can take time. However, it is of the utmost importance for the project's success, so patience is essential.
Tendering and contracts
A reputable custom home builder in Western Melbourne will provide a detailed quote for the project, which should include:
Construction costs
Timelines
Materials
Finishes
Labour charges
Warranty information
Other critical project allocations
Once you've reviewed quotes and tenders, the next step is signing contracts so site preparation can get underway.
Preparing the site
Before construction begins, the site needs to be prepared. This includes clearing the land, excavation and earthworks, surveying, and setting up utilities, and other pre-construction essentials.
Construction and project management
The construction phase is where your vision finally begins to come to life. This is often the most time-consuming stage, but with proper project management, it can progress efficiently.
Foundation and framing
The first major milestone in construction is laying the foundation. Once the timber or concrete foundation is set, the framing process begins. This includes erecting the walls, roof trusses, and other structural elements.
Utilities and services installation
While the framing is erected, electricians, plumbers, and other contractors will start installing the necessary utilities and services, including elements such as wiring for electrical outlets and lighting, plumbing for water systems, and HVAC installations.
Interior and exterior finishes
After the structural work is complete, the focus shifts to interior and exterior finishes, which include exterior cladding, roofing, windows and doors, and interior work such as drywall, painting, flooring, and cabinetry.
Effective project management
Throughout the construction process, effective project management is essential. Regular site visits, quality control checks, and open communication with the builder and your contractors ensure the build remains on schedule and within budget.
Final inspections and handover
Once construction is complete, the final stage involves thorough inspections to ensure everything meets the required standards.
This includes building inspections, defect checks, and council inspections. Once the inspections are completed, the keys to your new home are handed over, marking the end of the property development process.
Jem Homes: The leading custom home builder in West Melbourne
Property multi-unit development is a multi-stage process that requires meticulous planning, collaboration, and project management. By understanding each phase – from the initial concept to the final handover – you can ensure that your project runs smoothly and achieves your vision.
Jem Homes is a solid choice for any Melbourne developer ready to embark on their next multi-unit project.
At JEM Homes, we are your premier multi-unit development builder in western Melbourne, dedicated to fulfilling your unique vision and needs. Our customer-centric approach is the cornerstone of our success, ensuring that your multi-unit project is a seamless and rewarding experience from concept to completion.