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Property Developers: The Roles Within Property Development

ProAktive www.selfbuildinsure.co.uk Property Developers The Roles Within Property Development Property developers need to be able to see the potential uses of a piece of land and act to buy, develop and sell this land. Developers working within a property firm will typically work with clients, advising them on how to develop their property. The actions of a property developer can add value to land and property. Adding Value Below are some of the roles of a property developer that help to add value to (£ property or land. Renovate, extend, redecorate or Source land or property and repackage, while negotiating the best deal. Then resell to enhance an existing property. another developer or property investor for profit. Construct commercial or residential properties on undeveloped land they have purchased. Purchase a property and convert it. £ Buy a property, knock it down and build something new. (£ Working with Others The role of a property developer involves planning, designing, managing and organising a project from start to end. As a result, they will work with a variety of different people, including: Planning consultants. Architects. COSTS Quantity surveyors. CONTRACT General contractors. (£ Accountants. Solicitors. FOR SALE Estate agents. Graphic designers. Interior designers. Photographers. What Insurance do Property Developers Need? 件 If you are building one or more new houses, extending, converting or renovating a residential property with the intention to sell or rent on completion, our Developer Policy could be for you. ProAktive's Developer Policy is designed to cover small to medium new build developments, as well as being suitable for conversion, extension and renovation work on existing properties, including those being converted from commercial to residential use. What does the Developer Policy cover? Underwritten by Aviva, our policy includes as standard: • Contractors All Risks cover for the contract works • Public Liability up to 5 million • Employer's Liability up to £10 million, which is a legal requirement if you employ people to work on your site. • We can also provide the option to include both Owned and Hired in Plant where required. If you are undertaking an extension, renovation or conversion & your project includes an existing structure our policy will extend to cover this as well. ProAktive Self Build Developer ProAktive has been providing excellent insurance products for over 30 years. We are backed by Aviva, one of the world's largest insurers. In addition to our specialised self build developer insurance, we are sure you'll appreciate our swift handling of claims, easy-to-read documentation and helpful customer service. To find out more information please visit: www.selfbuildinsure.co.uk/developer-insurance ProAktive Doncaster: 01302 346 831 | Follow us O00 www.selfbuildinsure.co.uk

Property Developers: The Roles Within Property Development

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In this infographic we look at the different roles within property development.

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