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5 biggest mistakes property developers make in the UK. Not only property developers, but self-builders too!
Each of these 5 mistakes cost property developers big money and if you make all 5 it could be catastrophic for your property development business or self-build project.
Add to this the stress that is caused by running out of money and you start to hear property developers and self-builders saying, "I wish I had never started this!"
BUT it does not need to be that way! Learn the 5 biggest mistakes property developers make and be grateful that you don't fall into the trap that others surely will.
I have been a property developer 2003 and found my first development site in 2005 and since then created a clear strategy to find multiple development sites. I am passionate about property development and have now created a property development course to help you to become successful too.
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Timestamps
00:00 Introduction
00:19 Who am I
00:55 Mistake 1 - Not all land is equal
02:20 Mistake 2 - How to value land
05:54 Mistake 3 - The difference between outline and full planning
09:17 Mistake 4 - Building design
13:06 Mistake 5 - Finishing impact your overall profit
18:07 Conclusion
18:39 Get our app
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WHO AM I:
I am Jim J Davidson and I purchased my first investment property, a student HMO in 1973.
My financial gain from property allowed me to start a retail business in 1983 with very little borrowing. I developed this business into four convenience stores and a petrol station before selling up in 1990. By then I was debt free and moved my young family to live in Florida until returning to live in the UK in 2000.
My current business, Fyneside Developments Ltd, which builds quality residential homes was first established in 2003. It is fair to say he is no stranger to business and property and hope you find this channel of benefit to you.
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PS: Some of the links in this description are affiliate links that I get a small 'thankyou' from, to help fund this channel. It also means you can get awesome deals with my affiliate partners! 😁
5 Biggest Mistakes Property Developers Make in the UK
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