Buying guide
Getting into property development
Read this before you get started
Last updated: 2 September 2024
AI summary
Property development is a complex venture requiring significant work and risk. Before starting, it's crucial to get educated by speaking with experienced developers, researching, or undertaking formal study.
You'll need substantial capital, typically a 30-35% deposit for financing. Key skills include identifying viable sites and understanding the numbers—accurately forecasting costs, valuations, and profit margins. It's wise to start small, such as subdividing an existing property, to gain valuable experience before tackling larger projects.
But first, what does property development involve?
Get educated
What type of deveoment would you build?
Make sure you have the necessary capital
Learn to spot and evaluate an opportunity
Value
Costs
Property development is difficult and risky, but the rewards can be huge.
Understand the numbers
Start small and get your skills up
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