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News Release from: BuildStore | Subject: Event for new and inexperienced developers
Edited by the Buildingtalk Editorial
Team on 07 May 2008
Build your way up the property ladder
National Self Build and Renovation Centre in Swindon is hosting dedicated event for new and inexperienced developers.
The number of property developers has risen sharply over the last few years, driven by a growing interest in home improvement, rising prices in the property market, and an attractive return on investment But with the current economic climate, is it still possible to profit from property?
This article was originally published on Buildingtalk on 13 Feb 2007 at 8.00am (UK)
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Whilst first time buyers and buy-to-let investors may be hit by restrictive mortgage lending policies, developers building or renovating for profit stand to benefit.
Developers can take advantage of increased land and project opportunities, and should be in a good position when it comes to financing their project, negotiating prices and hiring skilled labour, providing they choose carefully.
But it isn't all plain-sailing and profits; finding the right plot of land or the right property with profit-potential is paramount, and the competition between developers is fierce.
Further reading
Key facts on self build and renovation
Over 20,000 people build their own homes in the UK each year, accounting for one in eight of all new homes - more than the largest commercial house builder.
All about BuildStore
All about BuildStore, UK's leading supplier to the self build, conversion and renovation market, and how to find your way around the new National Self Build And Renovation Centre.
National Self Build and Renovation Centre
Centre is on a different scale to anything seen before in UK self build and renovation sector and includes everything required for a successful self build or renovation project.
To help level the playing-field, the National Self Build and Renovation Centre in Swindon, sponsored by EDF Energy, is hosting a dedicated event for new and inexperienced developers, offering expert advice to ensure developers make the right decisions to give them a head start on the development ladder.
The Developing for Profit Weekend (Friday 20th and Saturday 21st June) will feature a host of presentations and a panel of leading experts that will help developers get "more bang for their brick".
Visitors can get advice on specialist development finance packages, spotting development potential, controlling budgets, adding maximum value to a property, and will also be able to test drive the latest in self build packages, Click2Build, a revolutionary new website that makes self build more flexible, more affordable and more profitable.
They can also take advantage of one-to-one consultations with industry experts, including project managers, estate agents, architects, tax and planning experts, as well as experienced self builder and author David Snell; chartered surveyor and renovation expert Ian Rock; and the team from pickupaproperty.com, an online database of renovation projects.
Whether it's building to a budget, or developing a new career in property, the Developing for Profit Weekend will help developers make the best choices to maximise their return on investment.
Visitors looking for a project can browse thousands of available plots and renovation opportunities with PlotSearch and Land4Developers, a database with over 20,000 building plots and renovation opportunities, as well as checking out the renovation properties throughout the UK with pickupaproperty.com Tim Doherty, managing director at the National Self Build and Renovation Centre, comments: "With house prices falling and more land becoming available, there are some bargains to be had if you look in right places".
"Profiting from property is all about making the right decisions, so for small developers looking to build, renovate, or convert properties for profit, the Developing for Profit Weekend is a great place to prepare for your first or your next project and get all the right advice and information to ensure your property project makes a profit".
To help visitors with their selection of materials, products and services for the property, the Centre's Trade Village has over 240 permanent exhibition stands, showcasing the latest innovations from the industry's leading suppliers.
Developers can also take advantage of exclusive discounts and special offers to help save thousands on materials, tool and plant hire, with a TradeCard.
David Snell, author and self builder, explains: "Self build and renovation is an invariably profitable exercise, and once people realise just how profitable it can be, an average 25-30% return, they change from simply seeking to build their own dream home, to actually making money out of the process - becoming 'one at a time' developers".
Edwards Sykes, director of pickupaproperty.com has this advice for anyone looking to get into property development: "Whatever happens with the property market in the future now is a great time to renovate; it's a buyers' market, and an ideal time to invest and make money from modernising properties".
"However, buying at the price is vital; knowing your market and doing your sums will determine how much profit you can make".
"When choosing a project, remember, more space equals more value, so look for opportunities to extend and convert basement and attic spaces".
"Finally, be bold and be prepared to think long-term, in case of a dip in prices".
For comprehensive and impartial advice and information on property development, come to the National Self Build and Renovation Centre's Developing for Profit Weekend on 20th and 21st June.
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