The UK's independent property information site

Go Back   Home Move: property forum > Property Forums > Property Development


Property Development Discussions about renovation, modernisation, and otherwise developing a property for sale.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 23-06-2014, 01:06 PM
Junior Member
 
Join Date: Jun 2014
Posts: 1
Default Initial advice

Hi all,

My name is Nik and I am 27 yo. I am a professional working as a consultant within the construction industry, so I have some (quite specialised) knowledge of the construction process (predominantly new-built). Long term i am looking to set up a construction business (I have a specific niche in mind), however I thought that in the short-mid term i would like to start with a few property development projects. I think that this would be a good way to learn about the industry, meet some useful people and potentially generate some income whilst still working full time. In terms of finance, I have some equity behind me and could also have some input initially from family.

I understand that running a business requires a lot of hard work, knowledge and some more hard work and experience on top of that to succeed. So I want to get myself off to a good start by doing my homework and being as prepared as I can possibly be before I commit any money to this.

I would really appreciate some advice from the experienced developers in terms of what information i should be looking for initially, how to approach market research in the most efficient way, how to find the appropriate advice/contractors/professionals, perhaps some useful courses/literature that I should look at, etc.

I am looking to get my first project completed within the next 12-18 months, but again I do not want to rush into it unless I have a well worked out strategy and business plan. I appreciate the fact that I will probably not make a substantial profit initially, but I am willing to put in the work to gain the right knowledge and experience that will hopefully pay off in the future.

Thanks for reading this lengthy post and i appreciate everyone's time and advice in advance.

Thanks,

Nik
Reply With Quote
  #2 (permalink)  
Old 11-07-2014, 03:37 PM
Junior Member
 
Join Date: Jul 2014
Posts: 6
Default Re: Initial advice

For starters, you are doing good participating in forums such as this to gain more knowledge for your future projects. I must say good luck and hopefully you will be successful with this.
Reply With Quote
  #3 (permalink)  
Old 26-08-2014, 12:41 AM
Property Forums
 
Join Date: Jul 2014
Posts: 15
Default Re: Initial advice

Goodluck nik, hopefully you will be successful someday. Thank you for sharing plans in life.
Reply With Quote
  #4 (permalink)  
Old 07-01-2015, 07:24 AM
Senior Member
 
Join Date: Nov 2013
Location: Hong Kong
Posts: 154
Default Re: Initial advice

Nik have a look on youtube and google as well as there are lots there
to build your knowledge up

Ged
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


 

» Property Boards
Buying Property Selling Property Estate Agents Solicitors & Legal Builders & Developments
Property Development Home Improvements Buying Property Abroad


All times are GMT +1. The time now is 10:45 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.

Important Notice: HomeMove.co.uk does not provide professional advice on any aspect of buying, selling, developing or investing property. All posts are provided as lay opinions and not personal professional guidance. You should always seek a qualified professional for professional advice in relation to your personal circumstances. The HomeMove.co.uk forums are not monitored, and the site administrators cannot be held liable for the content of the forum. If you have any objection to any post on the forums, please either use the Report Post feature, or else Contact Us to ensure such content is properly dealt with. We are not responsible for third party links on the site.