Buying guide
Getting into property development
Read this before you get started
Last updated: 2 September 2024
AI summary
Property development is a high-risk, long-term venture requiring hard work and significant capital. Before starting, it's crucial to get educated, build a professional team, and secure financing, which often requires a 30-35% deposit.
Key skills include identifying and evaluating sites by forecasting value and accurately estimating costs. A good target profit margin is 25%. Experts advise you start small, perhaps by subdividing your property, to gain experience before undertaking larger, more complex 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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