For a property developer, cutting down costs is critical to keep the project feasible and maintain a healthy profit margin. Cutting costs, however, should not equate to cutting corners that can result in critical errors that can delay of halt the project, or end up with a low-quality final build. But how can we keep costs down and he quality of the development high? In order to achieve this, developers must focus on several key areas and do due diligence before starting.
To read more of our article, follow the link to the February 2024 edition of the New Zealand Property Investor magazine: https://www.zinio.com/nz/article/nz-property-investor/february-2024-i633770/the-art-of-reducing-development-costs-a21
