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Practical guides on the problems developers deal with every day, and a glossary of the terms.
How property developers manage post-dated cheques
Developers manage post-dated cheques by tying each cheque to one installment, printing the whole set in one run, tracking every cheque through received, deposited and cleared or bounced, and making each status change update the buyer's balance.
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How to compare real estate payment plans
Compare payment plans by what they are worth today, not by their total. Discount every installment at your cost of capital and add them up to get the plan's net present value (NPV), then compare plans as a percentage of list price.
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How to price off-plan units across a project
Price off-plan units with one set of rules: a base rate per square metre for each unit type, premiums for view, floor, orientation and corner, then guard rails and rounding. Check the result on a stacking plan before release, and adjust using your pace of sales.
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How to choose software for a real estate developer
Choose real estate developer software by following one unit through its whole life: sale, contract, installments, cheques, collection, handover. Ask each vendor to show every step on your own payment plan, and check where the data goes when the sales tool stops.
Read moreReal estate development glossary
Plain definitions of EOI, stacking plan, absorption rate, retention and more.
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