Could You Make More by Developing Your Property?
Many owners of property with significant development potential have thought about the potential returns from developing their property themselves. After all, if you could add a developer’s profit to the underlying land value, the returns could be two to three times higher than simply selling to a developer. But the question is how do you start and is it worth the risk?
Beginning with a developer’s assessment
The first step is to assess your property the same way a developer would. This means understanding:
What type and scale of development can be approved on your site.
The likely sale value of the completed development.
The costs involved in designing, approving and constructing the project.
The various risks involved.
This process is critical, misjudging any of these elements could significantly impact your profitability. It’s no surprise that many property owners find this daunting when they begin investigating.
Epping Before Development
How we can help understand your development potential.
We specialise in providing landowners with a thorough, cost effective initial investigation, conducted using the same approach as experienced developers, that sets out step by step the process the landowner needs to go through. This includes:
A detailed analysis of your property’s development potential.
A clear estimate of potential development profits versus costs.
Identification of risks and strategies to reduce or eliminate them.
Some of our clients proceed once they have the reassurance of the initial strategy but it’s also common for landowners to adjust their strategy once they have the full picture. They typically choose options where they achieve substantial uplift in their returns but with less risk than developing themselves.
This first step provides clarity helping you determine whether self-development is truly viable or if other options should be considered.
Sensible risk management for your property
The potential profit from developing your property could be worth more than the land itself, possibly doubling your return. That’s why getting expert advice early is a smart move. For a relatively small upfront cost, you can set your project on the right path and avoiding mistakes that could be expensive later.
If you’re serious about exploring the full potential of your property, we can help you make informed, confident decisions.
Many developers base their business model on direct approaches to owners to get better price and terms than if they were to buy openly on the market. Negotiating with developers directly almost never results in the landowner receiving the best price and terms.
Epping After Development
Get expert advice today
If you own a medium sized or larger property with development potential, get in touch to book a free professional consultation. Our expertise is based on tough real world negotiation of complex and structured agreements with developers on behalf of clients. This can help you understand your options, reduce risks, and maximise your return and property’s value.
“Augusta showed us the options for maximising our return while controlling our risk. Augusta helped us to clarify our thinking about the best strategy for our property. Augusta really understands the property market and development.”