{"id":2495,"date":"2022-05-04T05:24:04","date_gmt":"2022-05-04T05:24:04","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/10-golden-rules-of-property-development\/"},"modified":"2022-05-04T05:24:04","modified_gmt":"2022-05-04T05:24:04","slug":"10-golden-rules-of-property-development","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/10-golden-rules-of-property-development\/","title":{"rendered":"10 Golden Rules of Property Development"},"content":{"rendered":"

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With many property markets languishing at present many investors are looking at “manufacturing” capital growth by getting involved in property development.<\/a>\"auction<\/b><\/p>\n

While the process of property development<\/a> can be a lot of fun, it is not without some pain and considerable risk.<\/p>\n

When all goes well the results are fantastic, but if things go wrong they really go wrong.<\/p>\n

So let\u2019s look at 10 Rules to help make your property development project a success.<\/p>\n

1. Get all you ducks in a row before you start<\/h4>\n

Before starting down the path of your first (or next) development project, get your finance pre-approved, have your ownership structures set up and have the core of your team of consultants selected.<\/p>\n

2. Understand where you are in the property cycle<\/h4>\n

As a development project often spans two or more years, understand where you sit in the property cycle and pay attention to the big picture economic factors that will affect the real estate market.<\/p>\n

You don\u2019t really want to compete your project in the depths of the next property slump- do you?<\/p>\n

\"house<\/strong>3. Do careful pre-purchase due diligence<\/a><\/h4>\n

Don\u2019t believe the selling agent when he tells you the property will make a great development site.<\/p>\n

You need to undertake careful areas of due diligence including checking the council zoning, as well specific property due diligence – things like checking:<\/p>\n