When you enter the planning stage of your construction project, you will have either appointed a principal contractor or have decided to tackle this role yourself. Either way, you will need to make sure that your projects are organised to run effectively, efficiently and compliantly. Below I’ve listed the main areas you need to address […]
Leeds-based husband-and-wife team Sarah and Sean McDermott run Maison Parfaite, a business they set up together in January 2018. Just two years later and it’s a multi-million-pound operation consisting of several luxury holiday-lets across Yorkshire. They also provide property investment opportunities, portfolio-building, project-management services and private mentorship. Their mission statement, which is emblazoned on Sarah’s […]
In the last issue we covered what marketing is, now let’s start focusing on how to go about it. You may be wondering what a proposition even is. It sounds a bit like a cheeky request in the corner of a seedy club. It isn’t; I’ll break it down into three steps: 1: Personal brand […]
Do they have sufficient skills, knowledge and experience? If you have just launched yourself into the incredibly exciting world of property development and are still buzzing from the rush of your first purchased property, then you have probably decided that a refurbishment, extension, conversion or just some maintenance work is necessary. Your next step will […]
What is the most common, and single-most important thing when it comes to your business? – I think most will agree that it is: people! That’s right folks, whether you are a Richard Branson-level entrepreneur with big, multiple businesses, or a small sole-trading company, the most important aspect of your business is YOU and the […]
James and Laura Muse have been investing in property in South Yorkshire since 2012. Their portfolio includes Buy to Let, HMO and Build to Rents. They decided to move into property development full time in 2018 and they’re now working on their second new build project. We asked the couple to share their experiences on […]
If you’re looking at getting into new builds as part of your property investment, you need to get to grips with a different kind of funding. You can’t get buy-to-let (BTL) mortgages for a new build, and bridging lenders see this as a specialised area. However, there are lenders who do specialise in development finance. […]
Rent to rent is a subleasing strategy which allows you to rent a property from a landlord and then sublet as either a single let, HMO (house of multiple occupancy) or a serviced accommodation/apartment rental model. If you are a serviced accommodation (SA) operator and you’ve still not managed to turn your business around during […]
Simply put, a specification is stating a precise requirement or giving a detailed description. Stating exactly what you want from your project in a specification document is the only way you can ensure you get what you expected throughout your development journey. You’re probably thinking, ‘where do I start?’ Well, start with the end in […]
HAYLEY GILBERT, COMMERCIAL SOLICITOR, DISCUSSES THE POSSIBLE USE OF OPTIONS IN RESIDENTIAL PROPERTY. Caption on image: Hayley Gilbert, Commercial Solicitor/Director of BWL Consulting Ltd-Darlington The use of option agreements is fairly commonplace amongst developers, particularly to allow a developer to pursue a planning application for development safe in the knowledge that they will get first […]
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