Trying to get the finance together to embark on a project can be tough, not many of us have spare sums of cash lying around. I would suggest if you are going to get into property development you should save very hard for a few months to get some money for a deposit for a property. There are some mortgage lenders that will offer 100% mortgages however, this can be very risky. 100% mortgages will incur higher interest rates and more than likely a higher lending fee. If the value of your property goes down you could end up with no way to repay the loan.

When you get your mortgage and have found the property you wish to develop make sure you have enough finance to finish the project. You should always have enough money in your budget for fees, and contingency. Paying for the work with another loan or on credit cards is a danger, because if you find a major problem half way through and you have exhausted all your finance problems you could get stuck with a property that you can’t finish and can’t sell.

If your budget is really tight you should try and do as much of the work yourself, you should enrol on some courses to help you do the work. There are plenty of courses available they include plumbing, tiling, plastering and electrical courses. You can enrol on 5 day intensive courses or do part time evening or weekend course. There are even quite a few women only courses.

It is important when property developing to do your research before purchasing any property. Check out the location of your property and the market value of similar properties. Read all paperwork before you sign anything, as you may find hidden costs associated with the property. For example if you purchase a flat you may have to contribute to refurbishment work taking place throughout the whole building, which will of course eats into your budget.

As part of your research if your building is listed you will need to get permission to perform certain changes to the property. Always get permission before changing things as you may have to pay to get the original features put back in. Always check with the local conservation officer what can and can’t be done before you do it.

My advice is you should always get the full structural survey done. This is because it will potentially save you money in the long run. If there are major issues you can re-allocate your budgets and time scales, if necessary to fix the problem in hand. You should never hide problems you should always fix them.

Once you get started on the project you have to be realistic. If the budget is small don’t do any major structural work like moving bathrooms and knocking down walls. These tasks will unnecessarily escalate costs. If the budget is really strict aim for a quick turnaround tidy and clean up the property and give it a nice finish.

It is essential that you think about your market when developing your property. What kind of people are going to buy your project. First time buyers will want something modern, stylish but cheap, where as families will look for other factors. The target market for your property will determine the final purchase price so take this into consideration when researching. When setting your estimated sale price be realistic. Do not rely on a rise in the market value to bring you in a profit. Use the current market values to help you estimate your expected profit.

When fitting out your property you should always shop in the sales, this will keep your development costs down. There are a number of outlets that sell ex-display kitchens and you could pick up a kitchen for around £500.

When developing your property take into consideration the style of property you wish to achieve. Don’t mix up too many styles as it won’t look right and can reduce the market value of your property. If your property is listed then the choice has been made for you. Bring back to life the original features that make the property special. If it is Victorian then pick kitchens and bathrooms to suit the period. If your property has an art deco (c. 1908-1935) exterior go for interior decoration that embodies this period and simple clean smooth lines.

One thing that will save you money is being organised. Create a schedule and stick to it, this will help you keep a tight rein on mortgage fees. When setting timelines weigh up whether it will save you time and money by getting a professional in. You may yell “But that will cost me more money”. But think about it, you may save money if the job is finished quicker and you may boost your final purchase price if the quality of the work is of a higher standard then you yourself would be able to achieve. For example a professional plasterer may complete a task in 1 day that could take you a week.

Other things to consider are be prepared for long days, with lots of stress and if you are serious about finishing the project on time no going out for a while. Towards the end of the project your enthusiasm may be falling and you may be dying to get your teeth into the next project, this can be a dangerous move as it might take a while to sell the current property. Make sure that your profit is actual, taking into consideration all the time and labour you have put in. Then you can use the money to finance the next project, if you are prepared to go through it all again that is!

Signs of the Times


Image by The Green Odyssey
Foxton’s Estate Agents ‘For Sale’ Signs gobbling up that of a rival

Property Development Finance

Businesses which are looking to develop a piece of land will often need to acquire a property development finance loan. In most situations a property development finance loan is the best option for businesses with these needs because it splits the payouts up to accommodate the different stages of property development. In many situations this allows lenders to offer a property development finance loan at a slightly lower interest rate than traditional commercial financing.

Despite the fact that a property development finance loan is usually a better option for these situations than typical commercial financing it still tends to hold a high interest rate because it is still considered a fairly high risk loan. Most businesses applying for it also need a high credit rating. Using a business loan broker can help a business obtain a property development finance loan at a slightly better interest rate. Brokers do this by working directly with multiple commercial financing companies in order to find the best possible terms.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

http://www.businessfinancebroker.com/Business-Loans.html

Vegetable Patch


Image by Dominic’s pics
An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

In recent years the prices of houses has risen considerably, consequently so has the interest in property development. The average house price in the UK is now topping the £200,000 mark; therefore investing in property is now as appealing as ever. But it can be a potentially risky and not to mention expensive investment if not done correctly. This is where a company such as Gregg Street Group can help. They offer a comprehensive and efficient solution to your property development needs, whether you are planning a refurbishment, an extension or a complete rebuild.

The first step to a successful development is to do some thorough research into the area in which you want to invest. One thing to remember is that a large amount of time as well as money is needed in order to guarantee maximum financial success. Particular consideration should be paid to the type of property that you wish to invest in and your chosen target audience. If you are a first-time buyer and unsure about your own abilities as a project developed then some good advice would be to not be overly ambitious and perhaps chose a property that does not require too much refurbishment. For example, it would not be wise to attempt a complete rebuild as a first time development. Gregg Street Group as accompany is able to give relevant advice whatever your status and experience as a property developer. They can also inform you that making simple small scale changes to a property can add value to a property and perhaps guide inexperienced developers towards this route.

Considerable market research must be carried into the social demographic of the area initially. With a rise in divorce more and more single people are looking to buy one-person houses. When your target audience has be chosen you have to consider what they are looking for. If you are buying in an area that is affluent, cosmopolitan and located in the city centre then more than likely your target audience will be young professionals who will be looking for specific properties. Therefore it is important to produce a tailor-made property that is attractive to your target audience.

It is essential to identify and problems with the property at the viewing stages in order to assess whether the problems can be rectified at all. You need to visit the property as many times as possible with trusted trades-people in order to get professional advice on whether the investment is worthwhile or not. Also get some advice on the costing of the work from professionals, especially if this is your first venture. If you are looking to make massive changes to a property then it is advisable to call in the help of a trained architect. Next you need to set a budget in accordance with the professional quotes from trades-men and how much money you are willing to invest. You may also need to obtain planning permission from the council.

From this short article you can see that there is much to consider when investing in a property. It is useful to have connections in the field so that you can obtain as much advice as possible. If you are a first-timer however, you may be new to the property market and need more comprehensive information and guidance. Gregg Street provides a complete service from start to finish and is always on hand to guide you onto the most efficient route possible. They can make your idea become a reality with their wealth of experience and property know-how.

If you are interested in finding out more information then click here.

More Property Development Articles

Property Development Centers Thank You


Image by Eric Fischer

Because property development projects often take some time to complete it is important to be able to identify the different trends that may affect your investment. The last thing you want to do is find yourself buying in an area where the market has begun to cool off or even which has gone completely cold.

Factors that can set or affect Property Development trends
There are a number of different factors that can affect whether a property will move. Some have to do with the property itself. Other factors have more to do with the economy. While you may be able to control which properties you purchase, dealing with economic factors can be more of a challenge. Here is what you need to know about trends in each of these areas.

The good news is that surveys and studies have begun to show that the real estate market is beginning to bounce back. It had been at an unprecedented low due to recent economic issues and while it has begun to bounce back, sales have not yet reached levels that existed before the economic crash. Desirable properties

If you are trying to determine which properties will present you with the best investment and development potential, it is critical to look at income properties. Residential properties such as apartment complexes and condominium complexes that can provide an ongoing source of revenue are much more desirable than properties that may not have this income potential.

However, it is important to be cautious before becoming involved in condominium products. Certain areas of the country such as Florida have a large number of condominiums and income properties on offer and they continue to sell at a vastly reduced rate. It is critical to ensure that the properties you are looking for are located in areas where they will be especially appealing to tenants and which are able to be rented out as quickly as possible.

This is one reason why many developers who may have focused on residential properties in the past are focusing on commercial properties. These properties are moving rapidly, especially if they are in a prime location.

Location is critical
Location has always been a prime factor in determining a property’s desirability. Now, the move has been to developing properties in gateway cities. These are likely to recover faster as people move to them for work or to complete an education. Properties that are located in smaller, more depressed municipalities are still proving difficult to move and are therefore less desirable. This is in spite of the fact that lower pricing may make it possible to snap up and develop these properties for a lower total investment.

By looking at trends it can be easier to predict which properties will provide you with the best possible return on your investment. Speaking with real estate agents may be of assistance as you can work with them to identify trends in your area that you can take advantage of. There are also a number of documents and books on the market that examine real estate trends in greater detail and which may make it easier for you to choose which opportunities are most appealing to you.

Related Property Development Articles

A property developer upgrades the value of a property. He makes some kind of improvements to the property and increases the value. An individual can be a property developer, but in most of the cases, partnership, limited liability company or corporation. Cheloor property developers is a limited company with extensive property development experience.

The real factor is that property development business is risky. But of curse, property development projects will generally be profitable if the commitment of cash is kept to a minimum and the project can quickly start generating a positive cash flow sufficient to cover debt service. There are some added costs of property developers themselves called hard costs . There are some other cost too to be borne by the property developers, such as the fees of various and micsellaneous consultants necessary to get the work done properly. This cost is known as soft costs.

In Thrissur, nobody needs an introduction to the House of Cheloor. The business family, with a background dating back to more than 200 years and more than a century old business house especially in property development. Thanks to Mr.Ravi Cheloor who changed the focus of the family into business from the traditional roots in agriculture. Mr. Ravi Cheloor accelerated the velocity of this transition by founding Ramdas Movie House.

After the completion of Devaki Auditorium at Guruvayur, as of the part of business diversification, Cheloor business house has stepped into property development and film distribution. Cheloor Property Development Projects Limited is the Company behind a number of successful housing projects in Guruvayur, Thrissur and Ernakulam. Dr. Ramdas Cheloor, son of Mr. Ravi Cheloor is now upholds the visions and responsibilities of his father with untiring zeal.Dr.Ramdas is well experienced and widely travelled person with firm grip on Western values and Indian traditions India’s economy grows and the information technology, and IT enabled services evolves and manufacturing industries expand, property development is emerging with a high velocity. Cheloor Property Development Projects Limited acquire raw land and redevelop the property to construct building projects and they mainly concentrate on apartment construction.

More Property Development Articles

Fire Bell


Image by Dominic’s pics
Non-electric fire bell.

An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

If you’re like most people you’ve sat watching the various property shows on TV and thought: “I can do that”.

With a new series of Grand Designs launching on Channel 4 recently; Relocation Relocation continuing with Kirstie Allsopp and Phil Spencer, and the usual BBC daytime shows, there’s certainly plenty of inspiration around.

But have you ever thought through the process of property development and what it actually entails?

It’s not an easy process. Often these TV shows take months, sometimes years of work, and edit them down to a single hour’s entertainment (45 minutes if you count the ad breaks).

And there always seems to be a happy ending where the house is finished and the couple who have just moved into property development seem to make a profit.

Can it really be that easy? Well the first step to a successful property development is to understand the process. We’ve broken it down into a series of simple steps, so you can assess how easy you think you’ll find buying a house and doing it up, whether it’s to live in, or as an investment property.

The first thing to do is to work out how feasible the project is. This is typically a research phase, and requires you to see if there are suitable properties available in the area you want to invest in, and what the opportunities are.

For example, in your target area are there plenty of properties that haven’t been updated for a few decades? Or is it full of estates built in the last few years? Successful property development is about taking a house and adding value to it to boost the price. If the house doesn’t need anything doing, there’s little opportunity for you.

Ask local estate agents what they have on their books. Tell them you are looking for a property development project. And don’t forget to look into sales from local property auctioneers.

Once you have found a series of suitable properties make a shortlist and compare the options open to you. Take time to tour properties properly; find out as many details as you can. The more information you have about your potential properties, the easier you will find it to make a decision.

When you have picked a house, the next step is to get a full survey done on it and then buy it. Often people starting a new project such as this have to find funding from somewhere, such as a new loan or extended mortgage. As with all property purchases ensure you have this in place before you start looking (or you will just frustrate yourself and sellers).

And then when you’ve got your hands on the keys, it’s time to start planning and designing the house. What you do will depend on your end goal. If you are looking to build your dream family home, then you will spend a lot of time getting every small detail correct. Whereas if you are doing this property development as an investment, you should spend your time focusing on creating a house that will have huge appeal to potential buyers. Don’t sweat every small detail; do spend time ensuring quality is high.

When the planning it done it’s time to get building. Your choices here are to do it yourself or GSI – Get Someone In. Often property developers start out intending to do the bulk of the work themselves, but soon find it can be more cost effective to hire experts as needed. If it takes you three days to plaster a wall that an expert can do in a morning, would that get your property development project finished more quickly?

Because you won’t be able to sell it until it’s finished. If done properly your house should have huge appeal to your target market. A recently renovated property with no chain should attract buyers quickly. To ensure you get it right, it can be a good idea to get your estate agent involved in the planning stage. They know what kind of buyers are in the market and can advise accordingly.

Finally, when the builders have gone and the cash is in the bank, do a review of the project and work out what you would do differently next time. This is an essential step that shouldn’t be skipped. If you are going to have a career buying houses and doing them up, you will need to learn from every hard lesson.

Related Property Development Articles

Grandiose inhabitation project


Image by xiaming
Chinglish marketing copy in China’s property development boom appeals to sharply upwardly mobile social climbers, desperate to show all the world that they have more than their peers. Here, young homeowners may inhabit a grandiose project. Its a question of taste.

Is your Property Development project on track? Is it making enough money to fund more projects and grow your equity? Property Development is an extremely rewarding business and if you are to make the most of it you will need to learn as much as you can.

Here are 18 ways you can improve profitability of your project.

1. Negotiate agent commissions.

Everything is negotiable. The only caveat is, if they don’t get enough they may not do a good job. So win-win thinking here is best.

2. Watch and record all expenses like a hawk. Efficiency is the way of future.

3. Negotiate long term contracts with builders.

Or if you are like me and a builder-developer have a panel of contractors.

4.Buy appliances at auctions and store them until required.

Currently I don’t have a space for inventory, so this is on the agenda.

5.Market research.

Know you market and give them what they want. For example a double garage in some suburbs is a must. If you don’t provide it, you will be penalised by the market.

6.Go green.

Research indicate buyers will pay a premium for sustainable houses (this will be the next major wave of innovation in residential building practices).

7.Negotiate Lending rates.

Shop around. Half a percent on a million or two of lending adds up!

8.Rent houses while in planning stages.

Goes without saying, but you would be surprised how things can get out of hand.

9.Maximise sales prices.

Don’t accept the first offer. Push back on the agents to go back and negotiate a better deal.

10.Sell completed.

If cash flow allows. Of course it may be prudent to sell off plan to minimise risk and exposure. However, the public really has a hard time visualising the end product, so selling completed will yield a higher price.

11. Understanding government policies and their implications

A good understanding of the government and council approval regulations and processes. These can be onerous! Understanding of tax legislation and financial markets and an ability to negotiate favourable borrowing facilities.

12. Build Houses currently favoured by the market

Identifying rental properties and/or land located in prime locations. Property investors and land developers should target property hat is attractive to targeted markets. I am planning an article to detail what the current market wants for a given type of dwelling.

13. Good project management skills

This is so important. Project management skills are important for those with negotiating approval processes, with construction activities and/or with building maintenance programs.

14. Effective cost controls

Property investors and land developers should have effective cost controls to maximise profitability. Efficiency is paramount.

15. Output is sold under contract – incorporate long-term sales contracts

Property investors can reduce risks by negotiating long term leases with strong tenants. Land developers can reduce risk by pre-selling lots.

16. Maintenance of excellent customer relations

Property investors should ensure a reasonable relationship between the landlord and tenant. I also focus on superior marketing. In business there are two major focuses. Marketing and Innovation. Think Apple.

17. Carrying out all necessary maintenance to keep facilities in good condition

Property investors should monitor the state of the property and ensure maintenance. If you are managing a property then maintenance programes are very important, it is tempting to do only the essentials, but at some stage the work must be done or the capital values will be affected.

18. Market research and understanding

Skill and knowledge to: understand the property market cycle; localised market conditions; landlord/tenant and/or land & building legislations and processes; tax implications; financial markets; and negotiate borrowing facilities. Be a student of the market and Property Development in general.

Finally think like an entrepreneur. Focus on innovation, doing things better, adapting ideas. They want to be rewarded for their success. You will need to be all of these things. Property Development is a very entrepreneurial activity. You need to visionary and see the end before anything has started. To be able to see the potential.

As a real estate developer you are a “specialist generalist”. There are so many specialists which need to touch your project, so focus on keeping the good ones, building your contacts and relationships. It will pay off in superior quality.

Of course all of this is learn-able and scalable. You can start on small projects and work your way up. The sky is the limit.

I started with small renovation projects that involved repainting and building a picket fence. And worked my way up where I now manage 7 figure projects.

Boldness has genius, power and magic in it. Begin now.

Related Property Development Articles

Grandiose inhabitation project


Image by xiaming
Chinglish marketing copy in China’s property development boom appeals to sharply upwardly mobile social climbers, desperate to show all the world that they have more than their peers. Here, young homeowners may inhabit a grandiose project. Its a question of taste.

Is your Property Development project on track? Is it making enough money to fund more projects and grow your equity? Property Development is an extremely rewarding business and if you are to make the most of it you will need to learn as much as you can.

Here are 18 ways you can improve profitability of your project.

1. Negotiate agent commissions.

Everything is negotiable. The only caveat is, if they don’t get enough they may not do a good job. So win-win thinking here is best.

2. Watch and record all expenses like a hawk. Efficiency is the way of future.

3. Negotiate long term contracts with builders.

Or if you are like me and a builder-developer have a panel of contractors.

4.Buy appliances at auctions and store them until required.

Currently I don’t have a space for inventory, so this is on the agenda.

5.Market research.

Know you market and give them what they want. For example a double garage in some suburbs is a must. If you don’t provide it, you will be penalised by the market.

6.Go green.

Research indicate buyers will pay a premium for sustainable houses (this will be the next major wave of innovation in residential building practices).

7.Negotiate Lending rates.

Shop around. Half a percent on a million or two of lending adds up!

8.Rent houses while in planning stages.

Goes without saying, but you would be surprised how things can get out of hand.

9.Maximise sales prices.

Don’t accept the first offer. Push back on the agents to go back and negotiate a better deal.

10.Sell completed.

If cash flow allows. Of course it may be prudent to sell off plan to minimise risk and exposure. However, the public really has a hard time visualising the end product, so selling completed will yield a higher price.

11. Understanding government policies and their implications

A good understanding of the government and council approval regulations and processes. These can be onerous! Understanding of tax legislation and financial markets and an ability to negotiate favourable borrowing facilities.

12. Build Houses currently favoured by the market

Identifying rental properties and/or land located in prime locations. Property investors and land developers should target property hat is attractive to targeted markets. I am planning an article to detail what the current market wants for a given type of dwelling.

13. Good project management skills

This is so important. Project management skills are important for those with negotiating approval processes, with construction activities and/or with building maintenance programs.

14. Effective cost controls

Property investors and land developers should have effective cost controls to maximise profitability. Efficiency is paramount.

15. Output is sold under contract – incorporate long-term sales contracts

Property investors can reduce risks by negotiating long term leases with strong tenants. Land developers can reduce risk by pre-selling lots.

16. Maintenance of excellent customer relations

Property investors should ensure a reasonable relationship between the landlord and tenant. I also focus on superior marketing. In business there are two major focuses. Marketing and Innovation. Think Apple.

17. Carrying out all necessary maintenance to keep facilities in good condition

Property investors should monitor the state of the property and ensure maintenance. If you are managing a property then maintenance programes are very important, it is tempting to do only the essentials, but at some stage the work must be done or the capital values will be affected.

18. Market research and understanding

Skill and knowledge to: understand the property market cycle; localised market conditions; landlord/tenant and/or land & building legislations and processes; tax implications; financial markets; and negotiate borrowing facilities. Be a student of the market and Property Development in general.

Finally think like an entrepreneur. Focus on innovation, doing things better, adapting ideas. They want to be rewarded for their success. You will need to be all of these things. Property Development is a very entrepreneurial activity. You need to visionary and see the end before anything has started. To be able to see the potential.

As a real estate developer you are a “specialist generalist”. There are so many specialists which need to touch your project, so focus on keeping the good ones, building your contacts and relationships. It will pay off in superior quality.

Of course all of this is learn-able and scalable. You can start on small projects and work your way up. The sky is the limit.

I started with small renovation projects that involved repainting and building a picket fence. And worked my way up where I now manage 7 figure projects.

Boldness has genius, power and magic in it. Begin now.

More Property Development Articles

Grandiose inhabitation project


Image by xiaming
Chinglish marketing copy in China’s property development boom appeals to sharply upwardly mobile social climbers, desperate to show all the world that they have more than their peers. Here, young homeowners may inhabit a grandiose project. Its a question of taste.

Is your Property Development project on track? Is it making enough money to fund more projects and grow your equity? Property Development is an extremely rewarding business and if you are to make the most of it you will need to learn as much as you can.

Here are 18 ways you can improve profitability of your project.

1. Negotiate agent commissions.

Everything is negotiable. The only caveat is, if they don’t get enough they may not do a good job. So win-win thinking here is best.

2. Watch and record all expenses like a hawk. Efficiency is the way of future.

3. Negotiate long term contracts with builders.

Or if you are like me and a builder-developer have a panel of contractors.

4.Buy appliances at auctions and store them until required.

Currently I don’t have a space for inventory, so this is on the agenda.

5.Market research.

Know you market and give them what they want. For example a double garage in some suburbs is a must. If you don’t provide it, you will be penalised by the market.

6.Go green.

Research indicate buyers will pay a premium for sustainable houses (this will be the next major wave of innovation in residential building practices).

7.Negotiate Lending rates.

Shop around. Half a percent on a million or two of lending adds up!

8.Rent houses while in planning stages.

Goes without saying, but you would be surprised how things can get out of hand.

9.Maximise sales prices.

Don’t accept the first offer. Push back on the agents to go back and negotiate a better deal.

10.Sell completed.

If cash flow allows. Of course it may be prudent to sell off plan to minimise risk and exposure. However, the public really has a hard time visualising the end product, so selling completed will yield a higher price.

11. Understanding government policies and their implications

A good understanding of the government and council approval regulations and processes. These can be onerous! Understanding of tax legislation and financial markets and an ability to negotiate favourable borrowing facilities.

12. Build Houses currently favoured by the market

Identifying rental properties and/or land located in prime locations. Property investors and land developers should target property hat is attractive to targeted markets. I am planning an article to detail what the current market wants for a given type of dwelling.

13. Good project management skills

This is so important. Project management skills are important for those with negotiating approval processes, with construction activities and/or with building maintenance programs.

14. Effective cost controls

Property investors and land developers should have effective cost controls to maximise profitability. Efficiency is paramount.

15. Output is sold under contract – incorporate long-term sales contracts

Property investors can reduce risks by negotiating long term leases with strong tenants. Land developers can reduce risk by pre-selling lots.

16. Maintenance of excellent customer relations

Property investors should ensure a reasonable relationship between the landlord and tenant. I also focus on superior marketing. In business there are two major focuses. Marketing and Innovation. Think Apple.

17. Carrying out all necessary maintenance to keep facilities in good condition

Property investors should monitor the state of the property and ensure maintenance. If you are managing a property then maintenance programes are very important, it is tempting to do only the essentials, but at some stage the work must be done or the capital values will be affected.

18. Market research and understanding

Skill and knowledge to: understand the property market cycle; localised market conditions; landlord/tenant and/or land & building legislations and processes; tax implications; financial markets; and negotiate borrowing facilities. Be a student of the market and Property Development in general.

Finally think like an entrepreneur. Focus on innovation, doing things better, adapting ideas. They want to be rewarded for their success. You will need to be all of these things. Property Development is a very entrepreneurial activity. You need to visionary and see the end before anything has started. To be able to see the potential.

As a real estate developer you are a “specialist generalist”. There are so many specialists which need to touch your project, so focus on keeping the good ones, building your contacts and relationships. It will pay off in superior quality.

Of course all of this is learn-able and scalable. You can start on small projects and work your way up. The sky is the limit.

I started with small renovation projects that involved repainting and building a picket fence. And worked my way up where I now manage 7 figure projects.

Boldness has genius, power and magic in it. Begin now.

Promotional Clip of Primewaterview Ltd -Nigeria’s Luxury & Property Developers Lagos Nigeria at Best of Nigeria Expo 2010
Video Rating: 5 / 5

Brighton Earthship Roof View


Image by Dominic’s pics
The south facing Earthship is built into the side of a hill to take advantage of the thermal properties of the ground – slow to warm up; slow to cool down.

An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

Property Development Loan

A property development loan is a loan which is specifically designed to develop a property. Typically a property development loan is enough to cover the entire process of developing a property. This includes zoning, preparing the land, installing water, sewer and electricity, and building whatever structure will be built on the land. In most situations commercial lenders will split up the entire loan and doll it out to the business as it progresses through each stage of the development plan. The main reason lenders do this with a property development loan is to reduce the risk. By splitting the loan up they stand to lose less if things fall through.

Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.

Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.

Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.

http://www.businessfinancebroker.com/Business-Loans.html

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