https://www.youtube.com/watch?v=FRrdHezziIQ

💡 Thinking about signing a building contract soon? The decision could make or break your project.

Picking the right building contract can mean the difference between profit and disaster. PK and CK discuss fixed-price vs. cost-plus contracts. Revealing the risks, rewards, and valuable lessons that investors and property developers need to know.

This becomes even more important when you understand how volatile the cost to build a house has become, with labour and material price swings directly impacting how both fixed-price and cost-plus contracts are structured.

Powered by:

Little Fish Property: delivering the best value in knock down rebuild Melbourne and dual occupancy homes.

Are you into property and development? Check out our FREE ⁠⁠Property Development Network⁠⁠ and unlock our $20,000 Townhouse Masterclass® today!

🔍 What you’ll learn:

  • Fixed Price Building Contracts: Safe bet or budget trap?
  • Cost-Plus Contracts: More flexibility, but at what risk?
  • Hidden pitfalls: The fine print that could cost you big $$$.
  • What contract works best for your property development project?.

With rising construction costs. Booming dual occupancy projects. And the Melbourne property market evolving, developers and investors must choose the right strategy to maximise profit and avoid costly mistakes.

Whether you’re building a duplex, townhouse, or subdividing land, this episode is packed with insights to help you succeed.

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Timestamps

00:00 – Intro
00:58 – Powered by ReadyBuild™
01:48 – Episode Overview: Building Contracts
02:26 – Fixed Priced Contract Explained
09:40 – Cost-Plus Contracts Explained
12:55 – Fixed Price vs. Cost Plus: Which Is Better?
19:55 – Changing Cost of Labour Materials
22:30 – The Winning Contract
22:27 – Happy Developing!

Did you enjoy this episode? For key insights into maximising profits, watch my video on subdividing property.