Planning a property development
Planning to buy a property for development and resale is quite common nowadays, but there are some things that need to be planned out before buying a property. The first thing to do a is hire a chartered surveyor to access the building; they will be able to tell you about any foreseeable problems you might face.
Improving a property on a DIY basis can be a relatively cheap way of enhancing the property’s value. Key to successfully starting a property development is sufficient advance planning and knowledge of what is to be achieved, purchased and the work required to be completed by a qualified person. This will involve DIY research, awareness of the common pitfalls and mistakes, the best and worst times of year to start the project, possession of sufficient and adequate materials and equipment and a knowledge of local planning rules and regulations.
DIY research is relatively straightforward, involving no more than sourcing ideas for projects such as painting, decorating, fitting new bathrooms or kitchens and so on, from DIY television shows, magazines and books, Internet sites and social networks or simply from visiting friends’ houses and seeing what they have done. Social networking can be one of the best ways to become aware of common mistakes that people make.
One of the most often cited advantages of DIY activities is that the work can be done on a shoestring budget as you save on labour costs, but the necessary material does have to be of the required quality of course. Property development projects do have to be respectful of local rules and regulations, as the extra wall you plan to build or window you seek to install or block up may require permission from your Local Authority Planning Department. You must also be aware of building regulations that are currently in force.
