Property Development
So You Want To Be A Property Developer?

So You Want To Be A Property Developer?

As attractive as it sounds, developing property is serious business. While the opportunities for making serious extra income might be alluring, deciding to do up houses for profit demands rigorous planning and a lot of determination. So, for those brave souls ready to give it a go, we've put together the definitive guide to help you plan your adventure in property developing. Remember: nobody said it was easy...!

First things first
Before you even embark on your property development career, you need to put in some serious thought: does your personality really suit such a commitment? Read Test Your Mettle and think about how determined you really are, how good you are at handling stress and how well you can handle things constantly going wrong! And not only that: can you really afford it?! In Perfect Purse Strings, we show how careful budgeting is at the heart of any successful property development.

Target your market
Once you've decided to give it a go, the next step is choosing the right property. Don't forget, the place you choose is not for you! Once you start Casing the Joint, remember that you're trying to match the right area and accommodation to your target market - so leave those preconceptions at home - your home! What's more, if you're thinking about Buying to Let, work out whether it really will generate more income than other forms of savings - and again, consider carefully who your target market is. Whether it's students, young couples or affluent businessmen has a huge bearing on your property choices.

Now for the hard graft
The keys are in your hand. It's finally time to get stuck into the hard graft and it seems like there's an awful lot to do. In Getting Your Hands Dirty, you'll see how tackling unskilled jobs yourself, getting detailed quotes and building a rapport with your builder will all contribute towards smooth renovation. Of course, at some point things are bound to go pear-shaped. Taking Charge and keeping an eye on the big picture will help you stay in control and not panic.

Selling-By Date
The last lick of paint has finally been applied. You're throwing your throws, draping your drapes and plumping those cushions. You've done it! It's now Time to Sell. Read through our final check-list to ensure a quick sale at an attractive price. Handle this crucial final phase correctly and it won't be long before someone makes you an offer you can't refuse.
 
 
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