With the continuous growth and innovation in the mobile housing market, many clients of Forde Brothers have started using second-hand houses for real estate subdivision businesses. Simultaneously, an increasing number of Chinese developers are venturing into this field. Today, we are delighted to invite Mr. Kevin Ly to share his insights and advice on second-hand house subdivision projects, providing new perspectives, inspiration, and choices for real estate development. Operating a small bakery business in Auckland’s south area, Kevin has intelligently planned land usage and selected existing second-hand houses from Forde Brothers’ warehouse to accomplish a fast subdivision development project. Let’s explore Kevin’s considerations regarding budget and time allocation for old house subdivision.
Q1: Why did you choose Forde Brothers? Have you had previous cooperation with them?
Kevin: This is my first time collaborating with them. A friend of mine had previously worked with Forde Brothers and successfully sold their house. Before making a decision, I conducted extensive research on search engines and social platforms, comparing many on-hand houses in their warehouse. Ultimately, I chose to work with them.
Q2: Why did you choose to utilize old house subdivision development instead of the traditional development approach?
Kevin: Initially, when purchasing this piece of land, I had planned for new house development. However, during the process of planning documents, the trends in the housing market shifted. Interest rates, construction costs, market prices of new houses in the same area, and uncertain housing selling cycles… Considering all these factors, I decided to let go of the new house development plan and explore the feasibility of a relocation project using second-hand houses. After careful calculations and considerations, I found it to be cost-effective. I don’t need to invest too much capital, especially when loan interest rates are high nowadays. Moreover, compared to regular development, relocation projects save time, taking only a few months, which is much faster. I can even keep the properties for a while and rent them out to generate profits, guarding against market risks. Compared to new constructions, applying for loans for second-hand house subdivision development is more accessible, as the developed houses have independent property rights and lawns, attracting buyers who might not consider small-townhouses, and the prices are more affordable.
Q3: Do you think utilizing old house subdivision development projects is suitable for clients with strong hands-on abilities? What about novice developers?
Kevin: Yes, I believe so. As a relatively inexperienced novice developer, I am grateful to have found a company like Forde Brothers to assist me in completing the development project. They not only provided suitable second-hand houses for relocation but also gave me valuable and reasonable advice during the initial stages. As I wanted to finalize and improve this development project as quickly as possible, I chose houses in relatively good condition, which saved me the work and time of house renovations. It is worth mentioning that Forde Brothers has a diverse inventory of on-hand houses suitable for different client needs. Additionally, their designers are experienced in relocation projects, familiar with all the document application processes, and know how to efficiently complete these projects, saving a significant amount of time. With proper planning, it is actually much easier than new construction. I am very grateful for the help provided by Forde Brothers.
Q4: After experiencing one development project, do you have any advice for other clients? Will you choose to utilize old house subdivision development in the future?
Kevin: For future development plans, I will consider the market situation and my budget comprehensively. I will evaluate based on the most important factors, such as my budget, profits, financial conditions, and market trends, and choose the property development method that suits me best. However, if I decide to do a subdivision development project with old houses, the most crucial aspect is selecting a suitable company. Developing second-hand houses is entirely different from new construction development, with differences in the finished houses, budget, and project timeframes. It requires the cooperation and management of a professional company throughout the entire process. Forde Brothers is such a company, with their own site and a variety of on-hand houses for clients to choose from. They also have professional technical and design teams, relocation construction teams, engineering fleets, foundation construction and operation teams. I believe selecting a professional company for cooperation is the most crucial step, and I recommend everyone to learn more about it and make the most suitable choice based on their specific circumstances. If you are interested in house relocation, buying and selling second-hand houses, or old house subdivision development, feel free to consult and contact us.
The use of old house subdivision development has become an increasingly popular choice for real estate developers looking for cost-effective and time-efficient projects. Kevin Ly’s experience with Forde Brothers exemplifies the advantages of working with a professional company that can provide suitable second-hand houses and expert guidance throughout the entire development process. As real estate development continues to evolve, the utilization of existing properties for subdivision offers a unique and viable option for clients seeking innovative solutions in the dynamic housing market.