Transcription of Development Expense checklist - Key Media
1 Development Expense checklistKeep this exhaustive list handy to ensure you anticipate all potential Development costsSource: Metropole Property Investment StrategistsPurchase of landLand purchase priceStamp duty on transferStamp duty on first mortgageFinance establishment feeConveyancing fees (purchase)Consultant costsPre-purchase feasibilityTown planningWorking drawingsEngineeringSoil testBuilding permitSurveyingLegalsProject managementConstruction costsPre-rental repairsDemolitionConstructionLeasing feesAgent s commissionAdvertisingRates and taxesCouncil ratesWater & sewerLand taxOther rates or taxesSelling feesAgent s commissionConveyancing fees (sale)Other costsElectricity contributionDrainage/sewerage contributionLoan interestContingency amount
