Unfinished Multi-Unit Developments: A Second Chance to Rebuild with RMP Builders
13 February 2024
Unlock the potential of unfinished multi-unit developments. RMP Builders offers a second chance to rebuild in Melbourne. Call 0419 599 334 to get started!
Unfinished housing developments are an eyesore for communities and a lost opportunity for housing. RMP Builders specialises in acquiring and rebuilding stalled developments in Melbourne. Here’s how we transform these projects into vibrant, completed communities.
Evaluating Project Feasibility
The first step is a feasibility study assessing the property, plans, market demand, and potential issues. This involves inspecting the site, consulting council records, and engaging contractors to estimate completion costs. This data helps determine acquisition offer pricing. A rigorous feasibility analysis minimises risk by identifying any red flags early on.
Securing Finance
With thorough due diligence completed, we work to secure financing to purchase the site and fund construction. Our strong bank relationships and portfolio help secure the needed development loans and lines of credit. Investor partnerships may also provide capital. Diverse financing sources give us the flexibility to fund projects of nearly any scale.
Finalising Acquisition
We negotiate the property purchase carefully to ensure it aligns with the budget constraints revealed in the feasibility study. There may be unpaid contractor liens and other encumbrances to address. We get approvals transferred into RMP’s name and establish new build contracts. Meticulous acquisition structuring reduces financial risks down the road.
Updating Plans and Permits
If needed, we revise original plans to reflect current buyer preferences, building codes, and council requirements. Our design team maximises the allowable scale of the project. We secure amended permits and approvals to align with any plan changes. Plan optimisation expands revenue potential for the project’s second life.
Site Remediation and Prep
Before rebuilding, we remediate any site damage that occurred during the abandoned construction phase. This may involve demolition, soil regrading, repairing partially built structures, and removing debris. We prepare the site for the new build. Comprehensive remediation ensures construction can proceed smoothly on a clean slate.
Head Contracting and Build Oversight
With a clean slate, our experienced project managers head contracts and oversee construction. We engage reputable tradespeople and manage the build program to ensure timely, on-budget delivery. Our commitment extends beyond project management; we prioritise transparent communication and client satisfaction, making us your trusted partner in turning unfinished multi-unit developments into successful, high-quality constructions.
Give new life to unfinished developments with RMP Builders. Our comprehensive building services do not only revive structures but also prioritise sustainable and modern design principles. With a proven track record, we are dedicated to transforming challenges into opportunities for long-lasting community growth. Reach out now to discuss your stalled or problem multi-unit project in Melbourne. Our rebuilding expertise allows abandoned communities to flourish.
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