“I was bitten by the property bug, there was no turning back.”
Jo Chivers proves that women can indeed have it all- a career that you are passionate about and a family. While all of this sounds great, it does require hard work, dedication, perseverance and a bit of risk-taking.
Jo’s love of property development inspired her to leave her corporate career and pursue her true passion. After educating herself in property investing, she started building up her own property portfolio. After purchasing a few blue chip properties in Sydney, she soon realised how negatively geared they were and began researching outside of Sydney. She discovered a more affordable, large region of NSW where she completed her first property development. Soon her friends were asking her to find them sites and manage their developments.
She realised there was a need for an all encompassing project management service and her business Property Bloom™ was born. Ten years down the track, she has developed over 60 properties for clients, creating literally hundreds of thousands of dollars in equity and high end yields.
Property developing can throw many different challenges at you and one thing I have learnt in this industry is there is always a solution to a problem. The trick is to understand what possible problems may arise and preparing yourself for t ...
Is your strategy short or long term? If it is short term, then selling may meet your needs to make a quick return on your investment. If you have a long term strategy to build up a property portfolio, then holding will be the way to go.
When it came to finding a builder for our granny flats, at first I had one thing in mind; cost effectiveness because this development strategy was all about creating the highest yield possible.
Last week my senior project manager used an interesting story to illustrate an important lesson in patience when developing property.
As part of our process, once we've located a suitable development site and if there’s an existing house on the land, is to order a pest & building inspection. Management of the renovation is part of the development process.
Is it the draftsperson/architect who is designing them? Or, perhaps a town planner at council? Or your lender? maybe you? In my opinion not.
Ever walked down the street and thought...’yes I really like that house’ or ‘yikes! That house does nothing for me’?
You've found what you think is a brilliant development site. Now it’s time to jump on that roller coaster and start the ride of your life as you commence the analysis process.
When I explain to people what I do and how I've made a business out of what I love – developing property - they often say “I wish I could do something like that.”
Simple right? Well not really. The three questions above have endless answers but I’ll run through them. Should you buy new or old property?
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