The purpose of developing a property is to sell it. You’re not creating a labour of love, you’re working on a viable business plan that will, hopefully, make you money in the long run. Costs should be kept down, budgets should be kept to and schedules should be adhered to. When the development is complete, …
Monthly Archives: December 2008
Don’t neglect the garden in a property development
It’s important to remember when developing a property that you need to sell the property when you’re finished in order to make your profit. For every month you hang on to a property once your development is complete you’ll end up paying an extra mortgage payment, which can eat away your profit. So a quick …
Property development as an investment opportunity
If you’re looking for a way to invest money, there are plenty of different opportunities open. For example, you could put your savings into a high interest account and leave them there to grow, where they’ll increase by the interest rate each year. It’s not the best way to maximise your savings, but it is …
Stick to your budget when developing a property
Property development, it has to be remembered, is all about profit. The more you spend when you’re developing a property, the lower your profit will be when you come to sell the house. Therefore, spending more to make something look grander isn’t going to make you more profit, no matter how good you think it …
How many toilets should my development have?
It’s a well known fact the kitchen and the bathroom are the rooms that sell a property, so getting them right in a development is a prerequisite. They are the two rooms where you need to spend in order to make your return on investment, but one thing many people don’t realise is how many …