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Unlock Your Property's Potential
Partnership solutions for citizen-led developments

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Home, your most valuable asset

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Traditionally, homeowners looking to redevelop their property faced two options: 

1) Sell to a larger developer for a small profit, or

2) Do nothing.

 

BBG was founded to offer a better way through a partnership approach to redevelopment. 

 

With shared costs, profits, and expert guidance, we turn single-family homes into profitable multiplex investments—ensuring your home's value stays in your hands.

Background

In 2023, the Province of British Columbia introduced new housing legislation to deliver more small-scale, multi-unit housing in response to increase housing diversity and address supply and affordability challenges. In most areas within municipalities of more than 5,000 people, these changes will require zoning bylaws to allow for:

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  • three to four units permitted on lots currently zoned for single-family or duplex use, depending on lot size;

  • six units permitted on larger lots currently zoned for single-family or duplex use and close to transit stops with frequent service.

Opportunity

The new policies provide homeowners with a unique opportunity to leverage their most valuable asset, but also with the challenge of navigating the complexities of development alone. 

 

 

BBG

BBG began with a simple idea: homeowners should have the right to choose their path to development and be the primary beneficiaries of their own land.

 

We understand that each family has unique needs. Whether your goal is to earn a profit or increase the density of your lot to help bring your family back into your community, we work with owners to achieve their property’s vision through a partnership approach to development.  With our model of shared costs, profits, reduced risk and expert guidance, we turn single-family homes into profitable multiplex investments - ensuring your home's value stays in your hands.

Partnering for Success

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  • Our collaboration begins with a detailed discovery and analysis phase, where we deeply understand your property's potential and align it with your vision through an in-depth consultation.

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  • Next, we solidify our partnership and proceed to detailed planning. This involves turning your vision into tangible plans, encompassing legal agreements, design details, and financial structuring.

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  • In the final stage, our team efficiently manages the construction, maintaining high quality and precision. The project concludes with a strategically planned exit, marking the successful end of our partnership.

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  • The homeowner must undertake extensive research to understand real estate market trends, zoning laws, and the potential of their property, which can be complex and time-consuming.
     

  • Property owners typically face challenges in budget planning and management, where accurately estimating costs and managing unexpected expenses can be overwhelming.
     

  • Homeowners are required to hire the right professionals, such as architects, engineers, and builders, which is crucial yet challenging due to the need for expertise and reliability.
     

  • Navigating legalities for permits falls on the homeowner, a process that can be bureaucratic, confusing, and time-intensive.
     

  • Site preparation challenges must be managed by the property owner, involving dealing with demolition, safety, and legal regulations.
     

  • Homeowners take on significant project management responsibilities, overseeing construction, which demands time, attention, and expertise and can be a source of stress.
     

  • Ensuring quality control is a critical task for the homeowner, requiring them to monitor construction quality without necessarily having the background knowledge in this area.
     

  • Finalizing the project and ensuring compliance are up to the property owner, encompassing final inspections, certifications, and adherence to various regulations.
     

  • The homeowner must develop an effective marketing and sales strategy if selling or renting the property, which can be difficult without experience in real estate marketing.

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Meet the Team

BBG is a collective of professionals with over five decades of combined experience in the building industry. With backgrounds in design, construction, development management and capital structuring, we have a proven track record of completed projects that ensures you have the right experts on your team, guiding you every step of the way.

  • What makes Built Better Group different from other real estate developers?
    Built Better Group differentiates itself through a homeowner-centric approach. Unlike traditional developers, our focus is on partnerships with homeowners, ensuring that their vision and interests are integral to the development process resulting in a win-win solution for both parties.
  • What types of properties are suitable for development with BBG?
    BBG specializes in infill development within the Lower Mainland, particularly those with potential for multiplex or small scale multi-unit housing projects. Suitable properties include single family and duplex lots, as well as larger underutilized residential lands. Each property is assessed for its potential based on location, size, and zoning regulations.
  • How are profits shared in the partnership model?
    In our partnership model, profits are shared between BBG and the homeowner. Homeowners receive a significant share of the profits proportional to their contribution and the agreement's terms. This model ensures alignment of interests, with both BBG and homeowners benefiting from the project's success.
  • Can I be involved in the design and planning process?
    Absolutely. We encourage homeowners who are interested to be involved during the design and planning stages. Your community insights and preferences are crucial in shaping the project, ensuring the final outcome resonates with your vision and the community's needs.
  • How long does a typical development project take with BBG?
    The timeline varies based on the project's complexity and scale. Typically, a development project can take anywhere from 18 months to several years. We provide a more accurate timeline after the initial feasibility study and planning phases, and we keep our partners informed throughout the process.
  • Will I have to relocate during the development process?
    This depends on the nature of the project. For redevelopment that requires demolishing existing structures, relocation might be necessary. We strive to minimize inconvenience and will discuss and plan for such eventualities well in advance.
  • How is communication handled throughout the project?
    Effective communication is key in our projects. Our project management team provides regular updates through meetings, reports, and digital communication platforms. As partners, homeowners can expect clear, timely information and are always welcome to reach out with questions or concerns.
  • How is the final value of the developed property determined?
    The final value is determined by a combination of factors, including market analysis, the quality of the development, and prevailing real estate trends. We conduct thorough assessments to ensure accurate and beneficial valuation.
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