Run Down Property Developers: UK Property Investment Sales:
Building to meet the demands of tomorrow's buyer you need an estate agent
for support in what is a highly cyclical and risky business. Finding suitable
property and expertise in dealing with planning and finance as well as handling
acquisitions and resale are part of the service we provide. We believe that
market exposure is Paramount in achieving the highest sale figure for your
property. The more potential applicants that are attracted to your property,
the greater the chance of achieving an acceptable offer as swiftly as possible.
Interior Design and Property Refurbishment
We work closely with several interior design companies to offer clients
stylish design to suit every taste. Working with a variety of client budgets
our interior designers renovate and decorate houses and flats according
to client specifications. Properties to rent and sell are generally decorated
in a generic style to appeal to a wide range of tenants or buyers whilst
homes reflect individual buyers personal tastes.
The value of a property can be significantly increased by undertaking a programme of refurbishment. If you’re buying to let, redecoration increases rental returns and if you’re buying to sell again a small investment in refurbishment can reap worthwhile returns on the value of the sale.
Expert Advice on Building & Construction
We work with experienced building surveyors to provide a project management
service that advises and oversees any major construction work undertaken
on an investment.
Property Development as an Investment?
Before you buy a property for redevelopment, explore different ways of achieving
that all-important profit:
Minor improvements. A general decorative overhaul can push up the value of a property, without involving planners, architects and a big investment.
Converting a Property. At its most simple you might take a property and turn it into flats, but this still involves complex budgeting and financing. A professional developer would avoid using their own money to fund a major conversion and this is worth remembering if you're considering investing all your own funds. There's often a large gap between the value of a property and what it might fetch converted to flats - but there are also a lot of costs involved, and often a lot of pitfalls. Sometimes it's more profitable to convert the property into a single house. Planning consent will normally be required in both scenarios.
Change of use. The conversion of a building from one of business use into housing is a more complex proposition. For example, when turning a pub into flats, the big, initial risk is trying to buy a pub without first applying for planning consent for 'change of use'. You should never buy a property on the assumption that 'change of use' is possible without serious research into the planning issues and a detailed conversation with local authority planning officers. Many property sales like this are achieved only when they are 'subject to planning', that is, the deal will only be completed, and the full purchase price paid, when planning permission is granted.
The practicalities. With any prospective property conversion, you'll need to have a good understanding of building regulations and of the architectural possibilities of your property. When converting larger and more substantial properties, you'll probably need a professional team and you'll need to budget for their services.
The property development team should include:
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a quantity surveyor to ascertain costs of the property conversion
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an architect to design the redevelopment scheme, help secure planning consent, and possibly project manage it
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an engineer to ensure you have a safe, structural solution
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an estate agent to help you sell or rent out the finished product
Property Investment
Distressed Property Sales
Poor overall maintenance can be seen in cracked or peeling paint, crumbling masonry, broken fixtures or shoddy wiring or plumbing. While most of these cosmetic defects can be easily repaired, you do need to pay particular attention to any makeshift electrical or plumbing fixtures, which can be potentially dangerous.
Minor structural damage can result from water seepage into the foundation, floor joists, rafters, or window and door lintels. Although they won’t cause the house to collapse, they do require your attention before becoming more serious.
Plumbing problems typically include old or incompatible piping materials and faulty fixtures or waste lines.
Water and air leaking in around windows and doors is usually not a serious problem and can be fixed inexpensively with proper grouting.
Inadequate ventilation can cause too much moisture to remain in the house which can ruin interior walls and structural elements. To repair damage caused by poor ventilation, you may need to replace drywall and other elements. Replacing structural elements, however, may be much more expensive.
Environmental hazards include lead-based paint (often found in homes built before 1978), asbestos, formaldehyde, contaminated drinking water, radon and leaking underground oil tanks. Special inspections are needed to determine environmental problems, and repairing any of these problems can be expensive.
Property Renovations
If you’re planning to buy a property that requires renovation or
you plan to carry out major structural changes, ensure that you have an
accurate estimate of the costs.
Buying Cheap Property
Pubs are cheap due to the smoking ban, competition from supermarkets or just changes in the way we live. The licensed property market is being flooded with cheap empty pub sites ahead of the scrapping of concession rates for empty commercial properties. click here to search pubs, clubs, bars, hotels, restaurants and other licensed properties for sale in UK
Property repossessions – Sadly for the previous owners, repossessions can often be picked up at bargain prices
Investment properties – Properties, which are valued due to the return on investment that they provide. Includes everything from individual office/shop investments to blocks of flats.
Rundown properties – Properties that are unsaleable in their current state. The attraction here is if you can get such a property in a good location at a cheap price it’s perfectly possible to refurbish and resell on at handsome profits. Unsaleable properties come under the following categories:
- Derelict properties or in derelict areas.
- Properties subject to severe disrepair.
- Properties subject to local authority notices.
- Properties subject to repossesion.
- Properties with ambiguous legal titles.
- Properties without access.
- Properties with major fencing, paving, drainage or other similar responsibilities.
- Properties subject to covenants or restrictions, which prevent normal use
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