Location plays a large role in the success of a property development project. Be sure to consider the following factors:
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Property developers have either short term or long term goals.
Short term goals may involve renovating the property for a quick sale.
Long term goal look to both capital growth and return yields for income.
For first hand expert advice call 020 7973 2020, or email Foxtons New Homes and Investments.
Once you have found the right location and property for your development, you will need to arrange enough financial support to carry through the development process.
You may be able to release equity from your own property to re-invest in the new development. Taking out a mortgage may be an option if you have enough capital to put down as a deposit towards your investment.
Call 08000 38 37 36 for more information & mortgage opportunities.
Larger development projects may require additional services of a lawyer, an architect, a team of home builders, decorators and others, while smaller scale projects may be quicker to realise through modernisation and extension.
Smaller scale residential, non-residential and mixed use property development projects that may involve internal re-structuring or layout changes, plus properties with the possibility to extend.
Larger scale residential development opportunities (often requiring the use of an architect), plus non-residential or mixed use sites such as HMO's, hotels, guest houses, embassies and plots of land.
Are you looking for a fast turnaround and return on your investments? In this case consider selling the property as soon as it is ready after development.
Alternatively, renting the property is a good strategy for profiting from capital growth or gaining extra monthly rental income.
Some property developers prefer to re-mortgage in order to release necessary equity for the next investment.
Call 08000 38 37 36 for more information about re-mortgage opportunities.
If you are planning to sell the property once it is ready, start preparing early by putting the property on the market before it is complete.
We complete thousands of valuations every week, giving us intimate knowledge of property prices in your area.
How can Foxtons help you:
To rent the newly developed property out, you will need to find tenants fast. Once you have found the tenants you may want to manage the property yourself or use the services of a Property Management company to free yourself of further maintenance duties.
How can Foxtons help you: