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- 2. What does a property developer do?
- Valuation and Property Development (Professional), Master
- Preparing for Property Development | Property Development System
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Property Development In A Recession 1. Recession benefits Discount refurbishment Consider this: In times of recession businesses find themselves offering their services and products at huge discounts to beat the competition and sell their services to a decreasing number of people that can afford them. So, if you are looking at buying a property, doing it up and then reselling it, one gift the recession brings you is the fact you will be able to purchase supplies as well as professional services at huge discounts.
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Buying below market value The next and even bigger gift the recession comes bearing is the fact that with the right research, you will be able to buy properties at prices far below market value. This is due to the high number of distressed property sales, i. Property experts agree that profits are made at the buying stage of a project, that is by buying at the lowest possible price so as to maximise profit margins.
The recession allows for just this and auctions and ads by private sellers are a great place for bargains. Checklist Before handing over any money, make sure you have done your research: Area and market Research the area you are intending on buying in well, i.
How many properties similar to yours have recently been sold? How many similar properties are currently up for rent? They tend to know every little detail about the areas they develop in and generally have great networks consisting of local estate agents, high street banks and solicitors.
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Professional network benefits Because of their strong ties with local agents professional development firms tend to get discounts on property purchases far below those available to individual developers. Finance Furthermore with proven track records professional development firms can assist in getting non-status finance.
Management Many professional services include full management of the entire process taking the headache out of the venture whilst giving you all the benefits.
2. What does a property developer do?
Contact the experts If you have any questions about off plan property investment, then you have come to the right place. Ready2Invest have the expertise and knowledge to help you to get your feet on the ladder of off plan property success. Talk to us We enjoy talking to our clients about what we do — helping them to understand the market, get involved and make a profit.
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Valuation and Property Development (Professional), Master
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Preparing for Property Development | Property Development System
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