Equity is the difference between the cost of land and the cost of building your project.. In other words, say your land and building costs were around $600,000 and at completion, the bank evaluates the same at $850,000. This gives you an Equity of $250,000.
The ‘instant’ equity property development delivers is far better than buying a property at value and waiting years for capital growth to happen! once you understand how to develop a property you will never buy ‘off-the-plan’ or at full value again, as you will be acquiring property at a developer cost via property development.
Builderassist provides the electronic tools to help people with Feasibility Studies, planning and execution to make sure the development project returns the maximum Equity possible.