New Year New Direction Into Property Development


Visitors: 125

Firstly plan what you want rather than want you don't want. By knowing what you want you can make steps to achieve it. And remember to check that your goal really is achievable.

Property development is popular and achievable for many. It can be done whilst you keep your day job and if you're hardy it can be done whilst you live in the same property. You can set a budget to suit your income and you should quite accurately be able to forecast costs and expected profit.

You can choose the level of development you want to do. Full scale renovation of a cosy thatched cottage or a lick of paint to a modern house, or midway between the two: new bathroom, new kitchen and redecoration.

To find your property to develop you can use sites such as This website continually searches the internet for properties in need of updating or renovating. Every few days they send subscribers an email containing links to new properties that come on the market in their allocated area. All the UK is covered and subscription is only £10 or £20 monthly. There is no minimum or maximum price for a property so all properties are included.

Start by knowing your budget, both for purchase price and work. Once you have found your property, budget for the work that you want to do. Be careful to know your limits and hire in tradesmen as necessary. Stick to a time plan so that you again can keep to budget (especially in view of any mortgage repayments for the property). If you are developing for profit then keep the redecoration colours neutral, modern and plain so that the property will appeal to a large market. Be careful not to get personal with a development property - your own unique personal taste is likely to be more expensive than neutral choices and is likely to appeal to fewer buyers.

Assuming you achieve your goal in developing your first property there will always be more properties in need of developing. With the housing market expected to remain strong in 2007 it could well be a good time to take the plunge.

Susy Copus is a property commentator and has written for the UK Property Search Engine, , who specialise in finding property to renovate and .


Article Source:

Rate this Article: 
Property Development Finance Needs The Best Advice Possible
Rated 4 / 5
based on 5 votes

Related Articles:

7 Highly Effective Tips on How to Change Your Life Direction and Your Spiritual .

by: Dianne M. Buxton (July 30, 2008) 
(Self Improvement/Attraction)

Website Development So Easy A 10 Year Old Can Do It

by: Alan Raimes (May 29, 2007) 
(Internet and Businesses Online)

Property Investment Or Development

by: Tony Jay (October 03, 2008) 

Loan For Property Development

by: Sean Horton (January 24, 2008) 

Property development bridging loans

by: Russ Svatt (December 22, 2010) 
(Finance/Commercial Loans)

How To Finance Property Development The Easy Way

by: Sean Horton (January 24, 2008) 
(Real Estate/Commercial Property)

Let A Specialist Help You When It Comes To Property Development Finance

by: Sean Horton (January 24, 2008) 
(Finance/Mortgage Refinance)

Obtaining Property Development Finance

by: Sean Horton (August 26, 2008) 
(Finance/Commercial Loans)

Property Development in Tough Times

by: Cherry Lynn Bonachita (July 08, 2008) 

Property Development Finance Needs The Best Advice Possible

by: Sean Horton (January 24, 2008) 
(Real Estate/Commercial Property)