Paphitis wrote:
Our key issue is finding a good builder we can trust. That will be devcided u[pon on their track record.
But the project will be Australian managed. In other words, I'm going to have someone manageing the construction.
In addition, I am the fussiest person there is, and the person I will be sending over is even more fussier than me. He will run the show. And no corners will be cut.
Paphitis wrote:DT. wrote:Paphitis wrote:Pyrpolizer wrote:Actually the very first thing to do is employ someone to do market research for him.
Or else he will end up losing a few million...
Oh ffs! The development of it goes ahead, isn’t worth a few million. lol
At most, I could only lose a cool couple of hundred if things become a disaster, and only on paper if I was desperate to sell, which I won’t be.
I only want to build 4 villas at this point.
And I’ll be definitely keeping 1.
It’s not on the scale that will hurt me in any way.
You can do my research and let me know how much I will lose ok? The properties don’t even need to be marketed in Cyprus. They can be sold to people from NYC, where the money is among the diaspora. Likely it will be foreigners like Russians or diaspora Cypriots. These are not for the average Cypriot first home buyer.
My first point of contact is a reputable builder.
No point beating round the bush here. Builders arrange for planning and approvals. Plus they have done it a hundred times before. They know what to do to get approvals, who to see and which palms to grease, and they know all the building codes and practices and they often have in house engineers and architects or have their own they normally deal with.
not really mate. You need your architect to do all the permits and planning. And definitely don't go with an architect that's friendly with the builder or an in-house...you need your architect to check your builder.
We are going to have our own manager DT. A bit of a working holiday for them.
Our key issue is finding a good builder we can trust. That will be devcided u[pon on their track record.
We even have our own engineer (who is a father to the recent AO Doubles Tennis Champion) whom we have been dealing with for 8 years now. As for an architect, we also have our own, but his speciality is old style English and German characted architecture. Probably out of place in Cyprus is the only thing and also we are unfamiliar with the approval process and Cypriot Building standards and codes. So we need to consult with a Cypriot based engineer and architect as well.
But the project will be Australian managed. In other words, I'm going to have someone manageing the construction.
We will even import some materials such as Australian Bluescope Steel if we do not like the quality in Cyprus or it's Chinese steel. We won't touch it. I'm prepared to pay more for quality. And I'm not concerned with losing money as the land is owned by us and freehold and in a prominent location with see views.
We generally always over engineer anyway. It's not about just barely meeting our legal obligations.
In addition, I am the fussiest person there is, and the person I will be sending over is even more fussier than me. He will run the show. And no corners will be cut.
These houses will not be aimed at the general cypriot public. And it must be aesthetically pleasing. Fit out will be of the highest standard as well. So the houses will not be cheap. It's more likely that the houses will be pitched towards cashed up English retirees, maybe Russians or even Cypriots in the US and Australia. The Agents will likely be US based who do sell properties in Cyprus and Greece. The site location isn't conducive to the average Cypriot family. I do know what my target audience is. It's the English, Russians and the Diaspora. I would say Chinese too, but let's not go there.
In Australia, we have iur own in house Architect who is also a partner. Planning approvals are also handled in house. Interior design is also in house. Engineering is outsourced only.
Maximus wrote:You want to build 4 villas to sell and keep 1?
Why not just give the land to a developer, strike a deal where they build 4 villas and give you one?
Much less risk here.
Lordo wrote:Paphitis wrote:DT. wrote:Paphitis wrote:Pyrpolizer wrote:Actually the very first thing to do is employ someone to do market research for him.
Or else he will end up losing a few million...
Oh ffs! The development of it goes ahead, isn’t worth a few million. lol
At most, I could only lose a cool couple of hundred if things become a disaster, and only on paper if I was desperate to sell, which I won’t be.
I only want to build 4 villas at this point.
And I’ll be definitely keeping 1.
It’s not on the scale that will hurt me in any way.
You can do my research and let me know how much I will lose ok? The properties don’t even need to be marketed in Cyprus. They can be sold to people from NYC, where the money is among the diaspora. Likely it will be foreigners like Russians or diaspora Cypriots. These are not for the average Cypriot first home buyer.
My first point of contact is a reputable builder.
No point beating round the bush here. Builders arrange for planning and approvals. Plus they have done it a hundred times before. They know what to do to get approvals, who to see and which palms to grease, and they know all the building codes and practices and they often have in house engineers and architects or have their own they normally deal with.
not really mate. You need your architect to do all the permits and planning. And definitely don't go with an architect that's friendly with the builder or an in-house...you need your architect to check your builder.
We are going to have our own manager DT. A bit of a working holiday for them.
Our key issue is finding a good builder we can trust. That will be devcided u[pon on their track record.
We even have our own engineer (who is a father to the recent AO Doubles Tennis Champion) whom we have been dealing with for 8 years now. As for an architect, we also have our own, but his speciality is old style English and German characted architecture. Probably out of place in Cyprus is the only thing and also we are unfamiliar with the approval process and Cypriot Building standards and codes. So we need to consult with a Cypriot based engineer and architect as well.
But the project will be Australian managed. In other words, I'm going to have someone manageing the construction.
We will even import some materials such as Australian Bluescope Steel if we do not like the quality in Cyprus or it's Chinese steel. We won't touch it. I'm prepared to pay more for quality. And I'm not concerned with losing money as the land is owned by us and freehold and in a prominent location with see views.
We generally always over engineer anyway. It's not about just barely meeting our legal obligations.
In addition, I am the fussiest person there is, and the person I will be sending over is even more fussier than me. He will run the show. And no corners will be cut.
These houses will not be aimed at the general cypriot public. And it must be aesthetically pleasing. Fit out will be of the highest standard as well. So the houses will not be cheap. It's more likely that the houses will be pitched towards cashed up English retirees, maybe Russians or even Cypriots in the US and Australia. The Agents will likely be US based who do sell properties in Cyprus and Greece. The site location isn't conducive to the average Cypriot family. I do know what my target audience is. It's the English, Russians and the Diaspora. I would say Chinese too, but let's not go there.
In Australia, we have iur own in house Architect who is also a partner. Planning approvals are also handled in house. Interior design is also in house. Engineering is outsourced only.
Lets face it, you are full of shit. You are not going to do any building. You talk like a fuckin woman who runs her fingers on the furniture to see if it has been dusted properly. Construction is done under contract and the scope is created and controlled by the consulting engineer. If you do not even realise that much you got more chance of building a outhouse. Trust imish what bellara.
Paphitis wrote:Maximus wrote:You want to build 4 villas to sell and keep 1?
Why not just give the land to a developer, strike a deal where they build 4 villas and give you one?
Much less risk here.
There are he3adaches in everything you do Max, not just when you are building. Even just keeping a job and answering to the man there is a headache.
The difference is though, when you work for the man, you won't make money. To make money, you need to invest, and build residual income, go into some kind of business. Life comfort, only comes to those who dare, and only those who dare actually win. You could also lose, and even become a bankrupt because in business, there is always an element of risk. The knife cuts both ways.
If I give the land to a developer, ill make some money. I'll end up with one villa, freehold. Developer makes the money. I've looked into it.
If I subcontract, then there is big bickies involved. I would prefer to manage it myself through another firm who will send a builder/project manager, who is also a Greek Speaker.
We will cover off on all the legalities, have contracts in place and we will be able to terminate it if we have to.
I don't think their is a lot of risk at all. It's one of the safest things to do because of the land. The risks are in the actual construction when things go wrong or the builder cuts corners or does a bad job. Ways around all that too. i'll have less control if I handed it to a developer and get screwed at the same time.
Maximus wrote:Paphitis wrote:Maximus wrote:You want to build 4 villas to sell and keep 1?
Why not just give the land to a developer, strike a deal where they build 4 villas and give you one?
Much less risk here.
There are he3adaches in everything you do Max, not just when you are building. Even just keeping a job and answering to the man there is a headache.
The difference is though, when you work for the man, you won't make money. To make money, you need to invest, and build residual income, go into some kind of business. Life comfort, only comes to those who dare, and only those who dare actually win. You could also lose, and even become a bankrupt because in business, there is always an element of risk. The knife cuts both ways.
If I give the land to a developer, ill make some money. I'll end up with one villa, freehold. Developer makes the money. I've looked into it.
If I subcontract, then there is big bickies involved. I would prefer to manage it myself through another firm who will send a builder/project manager, who is also a Greek Speaker.
We will cover off on all the legalities, have contracts in place and we will be able to terminate it if we have to.
I don't think their is a lot of risk at all. It's one of the safest things to do because of the land. The risks are in the actual construction when things go wrong or the builder cuts corners or does a bad job. Ways around all that too. i'll have less control if I handed it to a developer and get screwed at the same time.
I know there are headaches involved but that can be limited by having realistic expectations.
What is your objective; to build the houses in the style that you want or to build something that sells and makes money?
I appreciate top quality but given the choice of style, I prefer the modern looking, energy efficient minimalist concrete box.
Everyone has different preferences but what works well in one country wont work well in another. For instance wooden framed windows are a bad idea in Cyprus.
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