How can I get into Property Development?

There are over 2.5 million property investors active in the UK. Property development remains an attractive investment opportunity for those looking to create a portfolio of properties to sell for profit.

Although Brexit has caused buyers to become more cautious, the UK house market has remained surprisingly stable, despite gloomy predictions.

If you’re thinking about getting into property development, look no further! Did you know that house prices in the UK increased by 5.2% last year? It isn’t too late to get into property development, even if you don’t have any experience. Here’s how:

Creating a Business Plan

Like any business venture or investment, it’s vital that you begin writing up a detailed business plan. Although you don’t need any qualifications when it comes to developing properties, organisation and determination are two key attributes when determining success. What skills do I need?

Your business plan should cover every corner. From breaking down finances to including research into the property market.

The more time and effort you put into your business plan, the increased chances your property venture has in turning into a success.

Acquiring Funding

Contrary to believe, you don’t need to be a multi-million year to become a successful developer. There are several ways you can receive funding for your project. A number of companies and banks provide finance to purchase land and cover construction costs too.

For those breaking into this market, bridging loans are a popular option, however, you’ll need to make sure you have a well-written and put-together business plan to secure any sort of serious funding for your project.

Managing Your Costs and Time

As stated, the organisation is critical when it comes to overseeing a development. You’ll want to make sure everything you budget stays within budget.

Timing is important too. The longer it takes to complete construction of a property, the increased chances you have of running up costs. If you’re fully capable of organising budgets and keeping to deadlines, you’ll find this line of work a lot easier than expected.


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