Property development in Altona is an exciting opportunity for both investors and homeowners looking to tap into Melbourne’s vibrant real estate market. With its blend of coastal charm and growing urban infrastructure, Altona offers an ideal location for new builds. However, success in property development requires a well-organised approach, especially when it comes to securing permits, planning the site, managing budgets, and selecting a professional team. This checklist covers each essential step to help ensure a smooth and successful property development in Altona. Understand more about Dual Occupancy developments here.
Table of Contents
1. Permits and Compliance
Obtaining the correct permits is essential for property development in Altona. Altona, like other Melbourne suburbs, has specific local council regulations and Victoria Building Authority (VBA) standards that need to be met before construction can begin. Adhering to these regulations not only helps you avoid legal issues but also ensures that the building design aligns with Altona’s community character.
- Identify Required Permits: Typically, developments will require a planning permit, building permit, and potentially a heritage permit if the site has historical significance. Our comprehensive guide on the permit process outlines each step in detail. A New build of single dwellings may not need any planning permits.
- Ensure Compliance with VBA Standards: Since we are VBA-registered building designers, our team can assist in ensuring that every aspect of the project complies with VBA standards. This is particularly important for managing risk and guaranteeing that the project meets safety and design regulations.
- Town Planning and ResCode Compliance: Altona projects often need to meet the requirements set out in ResCode, which covers setbacks, privacy, and open space requirements. Familiarising yourself with ResCode’s town planning aspects can simplify the approval process.
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2. Site Preparation
Site preparation is the groundwork that sets the stage for a successful new build. From land surveying to setting up utilities, each task ensures that the property is ready for construction and that unexpected issues are minimised.
- Conduct a Site Survey: A thorough land survey assesses the soil, slope, and topography of the site, which is critical in Altona’s coastal areas. This helps in understanding any potential risks, such as flooding, and informs the project’s design.
- Clear the Site: Site clearing involves removing any existing structures, trees, or debris. Professional services ensure this is done safely and in line with local regulations.
- Prepare Utilities: Connect essential utilities like water, electricity, and gas. Setting up these connections before construction can help prevent costly delays down the line.
- Address Environmental Requirements: Altona’s proximity to coastal areas often requires additional environmental considerations, such as stormwater management. Preparing the site to manage runoff is essential for environmental compliance and project longevity.
3. Budget Planning
A well-planned budget is a cornerstone of successful property development in Altona. From initial estimates to contingencies, careful budgeting helps you stay on track financially throughout the project.
- Develop an Initial Cost Estimate: Budgeting should start with a realistic estimate that includes materials, labour, and permits. Check our new build services for guidance on what costs to expect in an Altona new build.
- Include a Contingency Fund: Construction projects often encounter unexpected costs. Setting aside a contingency of 10-15% of the total budget can help cover unforeseen expenses without disrupting your financial plan.
- Account for Design and Planning Fees: Incorporate costs for hiring professionals, such as building designers and surveyors, into the budget. Engaging qualified professionals will ensure the project adheres to both design goals and compliance requirements.
- Plan for Ongoing Maintenance Costs: Consider long-term maintenance costs when selecting materials. Durable and low-maintenance materials may have a higher upfront cost but can save significantly on repairs and upkeep over time.
4. Choosing Your Team
Selecting the right team is one of the most impactful decisions in any property development project. From building designers to surveyors and contractors, every professional involved plays a crucial role in ensuring the project’s success.
- Hire a VBA-Registered Building Designer: Working with a VBA-registered designer ensures that your project meets the highest standards in building safety and compliance. As experts in property development in Altona, we ensure that each design detail adheres to local codes and enhances project efficiency.
- Engage Experienced Consultants: Consider working with surveyors, engineers, and project managers to oversee specific aspects of the project. Our services for property developers are designed to help streamline and coordinate each stage.
- Prioritise Communication Skills: Clear communication is essential for timely project updates and smooth collaboration. Choose a team that is responsive and proactive in sharing information, as this will reduce the likelihood of misunderstandings or delays.
- Review Past Projects and Testimonials: Look into the experience and reviews of your chosen professionals. Familiarising yourself with their previous work in Altona, especially in dual occupancy or rebuild projects, can give you confidence in their expertise and suitability for your build.
Conclusion
Property development in Altona is an exciting opportunity that, when approached strategically, can lead to a successful and profitable project. From securing permits and preparing the site to budgeting and assembling an experienced team, each step in this checklist is designed to support a seamless new build process. By following these steps and working with qualified, VBA-registered professionals, you’re ensuring that your Altona property development aligns with local regulations, meets budget expectations, and achieves high-quality results.
Ready to move on your property development project? Contact us today to start the conversation and make your new build a success!
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Call our Experienced Firm anytime for expert advice and support throughout your journey.
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