In my first article, I wrote about why you need to develop instead of buying established. It’s for one simple reason, to generate equity in a shorter time frame rather than waiting years for the market to change to achieve the same result.
The Micro Developer model makes property development
possible for everyone by ‘developing’ one or several apartments rather than an entire multi-apartment development. Being a Micro Developer is the most cost-effective way to own property. It is for first time home owners, investors, developers and parents who want to help their kids get into property. It is also for first time developers that are not in the position at this stage to fund their own projects.
It is the way of the future.
How does it work?
At Zegna, the majority of my clients will come to me to build and develop their projects from start to finish using our ‘Design & Construct’ method, whether it be for commercial or residential apartments. They know this process will give them the best return. However, not everyone is in the position to be doing an entire multi-apartment or factory unit development.
Under the Micro Developer model, you are able to develop either a single or multiple apartments within one chosen residential multi-apartment development and benefit from the profits of developing apartments. You are on the land title from the very beginning of the process, along with the other Micro Developers. At the end of the process you have developed ‘instant equity’ that you can choose to either hold or sell for profit as you are generating the ‘developer’s profit’ and not buying a completed apartment off the developer.
I’ve found over years of property development that multi-apartments is the best formula for profit/equity within residential property development. The Micro Developer model makes the entry point to property development far more achievable for everyone.
Why did I develop the Micro Developer Model?
I first conceptualised the idea because I wanted to help my three kids generate wealth and equity in their properties!
All three of my kids have individually invested in the first Micro Developer Project that is currently underway at 3 Dongara St, Innaloo.
Our current Micro Developer Project.
Location: 3 Dongara Street, Innaloo, Perth, Western Australia
Quantity 9 apartments over 5 levels
Type: 2 x 2 bed/2 bath, 7 x 3 bed/2 bath, 2 x car bays each
Who is a Micro Developer?
It is anyone who wants to generate wealth through property development. I soon realised that this is not just suitable for my kids and first homebuyers; this is also an excellent opportunity for down-sizers and investors who want to increase their property portfolio by utilising inaccessible funds or equity from other investment properties.
It is a way to ‘build to invest’. You now don’t need to buy property and buy someone else’s profit to get started, you can ‘build and develop’ for equity or profit with a single apartment. There are further financial benefits available under the Micro Developer model that investors discover when getting to know the process in more detail.
How do I get started?
If you’d like to have a chat and learn more about our upcoming projects, and how you can start or continue your journey as a property developer, give me a call, I’m more than happy to discuss.
Disclaimer: The Micro Developer model is an option that is not compatible for all home buyers and investors. This information is based on actual or past events and is for informational purposes only. It should not be considered financial advice. You should consult with a finance professional to determine what may be best for your individual needs.