Brian linnekens suggestions on property development

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Before even planning for a property development project one need to do the feasibility study. Without a feasibility study it would be like groping in the dark without any knowledge of the path that needs to be taken to reach a particular destination. Feasibility study involves the analysis of the demand and competition along with the chances of the success of the project in he long run.

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Brian linnekens suggestions on property development

  1. 1. BRIAN LINNEKENS SUGGESTIONS ON PROPERTY DEVELOPMENTRisk is a part and parcel of life be it a decision in personal or professional life one needsto take a risk to proceed ahead in life. There have been instances where people havetaken big risks and gained rich benefits out of those risks. People who are averse totake risks generally remain stagnant at one position and close all doors for progressfor themselves and the organization they are involved with. Calculated risks are theones that will take one to new heights of success. According to Brian Linnekens whiledealing in property development one needs to have extensive knowledge about thebusiness, locality and people residing in that locality along with the prospectivecustomers that are going to form the ultimate owners once the property is developed.Brian Linnekens suggests to rookie developers that they should go through qualityproperty development books and texts that they can lay their hands on so that theyhave comprehensive knowledge about the subject and are not caught in the pitfallsthat often come in the way of a new property developer. One should also attendworkshops that are conducted by authority property developers. If one is not reallyconfident enough to manage his own projects at the first go he should work as anintern with an experienced property consultant till he gains the confidence to work onhis own on individual projects.
  2. 2. One should be able to calculate the residual value of a property or site that one isgoing to develop. A residual value is calculated by subtracting all the projectedexpenses of the project from the projects gross revenue. This calculation will comehandy while you are paying for the development site. This calculation will ensure thatyou stick to your budget and do not overpay for the development site.You will find many developers in the market who specialize in purchasing, developingand selling out lemon properties. One should be very careful while buying theseproperties as these properties may prove to be a trap even for the most seasonedproperty developer. One needs to spend time and resources while developing alemon property. It is always advisable to spend time rather than see your investmentgo down the drain at a later stage. A Property Developer should always take care thathe sticks to the budget that he has fixed for the various components in developingthe property. The construction work should be of high quality and should not lookshoddy.To know more about Brian Linnekens and his property Development feel free to visit :http://www.gidevelopmentinc.com

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