Wednesday 16 July 2014

Property Construction Projects that Add Up!

It is reported that a villa construction featured on C4’s Grand Designs 10 years ago is now available for sale at £5,000 less than the build cost. This is shocking news for other budding property developers who may feel that the current and much property celebrated boom/ bubble is a fine time to look to invest in projects from the ground upwards.

http://www.telegraph.co.uk


The question must be asked…
Should a property built from scratch provide significant profit margins at time of resale? And is it worth the effort required?

Dawson & Associates provide both expert design and construction services. We are also independent chartered surveyors and therefore have expert knowledge as to the value and condition of a potential project. Only with this professional advice can you be sure that you are making the right decisions.

Your potential building project should be considered in terms of all exterior and interior requirements. Required building licenses should also be thoroughly investigated. It is important to be clear about what your project would involve from the very outset. For example, is it…

  •        A conversion
  •        A change of use
  •        A refurbishment


Or will it require additional:
  •        Maintenance works
  •       Disabled adaptations


Setting a realistic budget is essential but the hard work really begins when you are expected to keep to that budget at all times. Costs can escalate from the smallest items, such as door-stops to huge issues such as uncovering areas of damp.

In general, the properties featured on Grand Designs are said to have made a pleasing profit. Savills have blamed the disappointing financial loss of this particular property on uncertainties in the Scottish market that would, therefore, not affect the rising cities such as London or Bristol.


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