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 capital. Before starting, get educated and build a professional team. You'll need a substantial deposit, typically 30-35% of total costs.
Key skills include assessing a site's value against its costs, aiming for a 25% profit margin. It's crucial to understand the numbers and be patient, as returns can take years. Start small with a project like a subdivision to gain valuable experience.
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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