Monday 15 May 2017

Top 5 Mistakes to avoid during London Residential Property Development


 If you are an amateur investor, there is chance of your committing the gravest investment mistakes. Everyone is attracted by the thought of buying the property and then selling it for a higher cost. The task is however not that easy. There are some mistakes you need to avoid while going for London Residential Property Development. Whether you are making an Overseas Property investment or investing in the same country you reside, a property cannot be bought in the wrong area. Developers make the mistake of buying a property in the wrong area. They just assume that the area is upcoming and thus good returns are confirmed. You must avoid doing so.

Secondly, an investor will need to finance the property somehow. So, avoid the mistake of paying heavy taxes while financing your upcoming property. Do not borrow an amount which you cannot afford. Thirdly, make sure you choose the best builder who has an outstanding track record. Make sure there is no hidden cost and the builder signs the fixed price contract.
While developing residential property, do not choose cheap quality materials. It may appear temping to use low grade products but avoid doing so. Do not commit the mistake of designing the home in your own way. Give freedom to the buyers and let them choose the design element.

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