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Property Development: A Guide to Buying Land

ProAktive Property Development A guide to buying land If you're considering buying land for development, new-build or investment purposes, read on for some handy tips and advice to help you make the right decisions. Q Research You will need to invest time and effort into researching building plots and development land. You should look into suitable locations, current market rates, historic land sales, and how quickly it gets sold. Consider whether a plot is right for your needs, and will the finished property sell and make a profit? £ Budgeting You will need to budget carefully for a range of things including the cost of the land, architects plans, regulatory approvals, the cost of the build itself, legal costs, and sales and marketing after development is complete. Remember, plots of land in highly desirable areas will be more expensive. FOR SALE Find Land Firstly, decide if you're looking for Greenfield land (undeveloped land, such as parks and forests) or Brownfield land (typically land that was once occupied by another building). Once your research is complete, register your interest with estate agents, land agents and land brokers. Newspapers, property and lifestyle magazines and private enquiries can also bring up opportunities. Buy Land Once you've decided on a plot, don't dive in too quickly. You may need to consider planning permission. Check with the local planning authority to find out if they will allow you permission to build in the way you want. Even if you buy land with permission included, it doesn't necessarily mean you can build whatever you want to. Check to see if there are any restrictions. Once your project is underway, you will need adequate developer insurance, our Developer Policy could be for you. %. Developer Policy ProAktive's Developer Policy is designed to cover small to medium new build developments. The policy is suitable for conversion, extension and renovation work on existing properties, including those being converted from commercial to residential use. 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: ProAktive Doncaster: 01302 346 831 | Follow us O0 0

Property Development: A Guide to Buying Land

shared by ObjectiveCreative on Apr 19
If you’re considering buying land for development, new-build or investment purposes, see this infographic for some handy tips and advice to help you make the right decisions.


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