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Finding you an Add Value property
Property Wizards can help you formulate a strategy and then find the right Add Value property to suit your goals and budget. Wherever possible, our Clients aim to hold on to their properties to build their portfolio, so we apply our skill, knowledge and due diligence to building your wealth in the same professional way that we would if we were buying a long term investment for capital growth and rental return.
Step 1 – Initial Meeting
Understanding where you are in your property wealth creation, what you want to achieve, and your timeframe to make it happen, is fundamental to developing a strategy that’s right for you.
If you’re new to property investing or developing, we’ll explain some of the key fundamental strategies available to you using simple diagrams and easy to understand language.
If you’re an experienced property investor or developer, we review your existing investment portfolio, and assess whether an enhanced strategy could be more effective in achieving your property goals .
Step 2 - Determining your Wealth Strategy
Now that we understand where you are and what you want to achieve, we formulate a realistic strategy to help you achieve your goals. We look at the available Add Value strategies and which of these suit your time horizon, your budget and your objectives.
We look at buying to Add Value immediately and the different ways to do this, compared with buying to Add Value later and the best ways to do this.
We also consider strategies where you can stretch your budget by staging the project, enabling you to become a subdivider, renovator or developer with a smaller budget than you may have thought possible.
Step 3 – Property Search
Once you give us the go ahead, the first step is to send you for finance assessment, so that we can ensure the project we find for you is one you can afford, according to the strategy we have set out with you.
We undertake a comprehensive search of properties available for sale. Very quickly, we refine our search down from a total pool, often in excess of 15,000 properties, to just a handful of outstanding properties with excellent Add Value potential based on our tough selection criteria.
Step 4 - Property Inspection
We investigate a ‘short list’ of properties and prioritise the best opportunities for your Add Value strategy.
We inspect on your behalf, looking for ‘potential problems’ or expenses to factor in when assessing the merits of one development site over the next. This saves you time and money as we guide you through the selection process.
We also explore further using government authorities, planning policies, our paid subscription data, our contacts in the market and our detailed experience in selecting development sites.
Step 5 - Due Diligence
This is where our experience really comes into play. If you are keen to proceed, we will evaluate and assess the Add Value property in more detail.
We will also include a range of conditions in the Contract of Sale that are in your favour, not the seller’s and to ensure the property can be developed the way we envisage.
Step 6 – Accurate Pricing
We obtain up to date information about the property as well as comparable sales data to assist in assessing its true worth, which ensures you’ll never pay too much.
Step 7 - Acquisition Strategy
Once we’re convinced the property ticks all the boxes for your strategy, and it’s at an attractive price point to begin with, we will then negotiate with the agent or owner on your behalf using all our legal tricks of the trade, to ensure that you obtain the property for the lowest possible price.
At this stage, after the offer is accepted, we arrange a Survey and Design Report by Property Wizards Developments, to confirm what the optimum development will be from a range of options including subdivision, renovation or building of villas, townhouses, retaining the home, or demolishing the site completely, and starting afresh.
Step 8- Negotiate: A skilled negotiator can save you
thousands! As Buyer's Advocates, we are in the best position to
negotiate the lowest possible price for you and the best terms
Step 9 – Add Value Project
Our expert team At Property Wizards Developments can guide and manage your project from the initial planning stage right through to completion.
We act as a trusted partner and take care of every detail for you, including the development or subdivision assessment, hiring professional designers, builders and contractors, liaising with Councils for building approval, and so on. In fact, you don’t need to lift a finger – just sit back and watch your wealth being built brick by brick, row by row.
By using property wizards to manage your add value project, you’ll have someone who is on your side, looking after your interests and advising on the most profitable approach for you
WATCH YOUR WEALTH GROWING BRICK BY BRICK, ROW BY ROW
Getting Started
We’d love the opportunity to help build your wealth through Add Value property investment. To start the ball rolling, please take a moment to tell us what you’re looking for by filling out the no obligation Getting Started enquiry form below or call us on (08) 9381-7450. We’ll then have one of our key staff contact you shortly.
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