Property development is a major undertaking, and requires the involvement and expertise of a multidisciplinary team, as well as a partnership with a reputable, reliable builder. This is why property developments are always associated with huge investment.
On top of the costs of building construction, there are a number of expenses to be considered. These include town planning costs, head works, civil works, council contributions, professional service fees and taxes. Failing to account for these during initial feasibility checks can lead to unexpected out-of-pocket expenses amounting to hundreds of thousands of dollars.
So if you’re a developer looking to maximise your investment in your new home builds, factory second appliances are an excellent alternative to new. These appliances include dishwashers, ovens and cooktops, and fridges, which are among the big-ticket items that require substantial investment on your part. However, opting to fit your new-builds with factory seconds, will provide significant savings.
But what, exactly, are factory seconds?
All companies and industries set their own standards of quality regarding each product. Of course, these quality standards vary widely depending on the type of product in question. For example, the quality standards for tiles can hardly apply to paint, as the latter are designed and manufactured in adherence to different quality and safety standards.
When it comes to household appliances, even smallest cosmetic flaw may result in the product being rejected as imperfect. The product is then designated as a factory second. All factory seconds that are sold in Brisbane are certified as fully safe and fully functional. This is because appliances with serious defects never make it to the sales floor and are scrapped immediately. Environmentalists will be happy to know that in some instances, where possible, perfectly good working parts from defective products may be recycled in new products.
Products that have already been purchased and then returned within the return window are also considered factory seconds. Other products categorised as factory seconds include items used as floor stock or display pieces in showrooms, or those with significant damage to packaging, as well as models that are overstocked.
So, technically speaking, factory seconds are brand new products being sold at a loss by the manufacturer. And the best thing about factory seconds is that they come with the same warranties as products classified as ‘new,’ while being sold at low, low prices.
How you can benefit from factory seconds
Although factory seconds are offered to individual customers, businesses can benefit from them as well. In fact, depending on the appliance, you can save yourself a few hundred dollars on one unit alone. Multiply that and think of the savings to be had if you’re buying in bulk.
So, if you’re shopping around for appliances for your property development, consider factory seconds. It could be one of the best business decisions you’ll ever make. You know we are happy to assist also. We have a ‘Buyers Club’ where you can put your name down in advance for specific appliance models and we will source them for you in time for the install. Look for the link on our home page.