Property development has never been more popular. But between fierce competition for sites and rapidly increasing costs, it’s more important than ever to have a clear roadmap in place. In this blog, we look at how to keep your project on track and ultimately bring your vision to life. Here are our best property development tips:

Plan for the unexpected 

We only have to look at news stories about the infamous Grand Designs lighthouse in North Devon to understand how easily property development can spiral out of control. But it really doesn’t have to be this way. 

Experts recommend setting aside at least the equivalent of 20% of your overall budget to cover those unexpected emergencies. You could also look at hiring a property tax account to see if there are any other savings to be made. 

Save money where you can 

Following on from our previous property development tip, it’s small savings that make the most difference as they add up over time. Especially when it comes to saving on home decor, materials and fixtures. Here are some ideas for making smart savings:

• wait for seasonal offers or flash sales
• pay in full using cash to avoid interest
• collect rewards or points on store discount cards 
• find quality designer dupes of classic styles on the high street 
• sell what you don’t use – old fixtures, excess materials, storage equipment and more
• reuse materials and upcycle where you can – it’s kinder to the planet too 

Whether you’re a first-time renovator or an experienced property developer, there’s always new tricks you can pick up. And it can be fun finding new ways to save at each stage. 

Take inspiration from trends 

One of our top property development tips is to immerse yourself in the creative side of things – even if it’s not your bag. And while you could hire an interior designer, it’s super important that you keep up to date with what’s going on in the world of interior design. Just so you can sense-check their recommendations and avoid a dated-looking development. 

You could visit trade shows and homeware stores to discover the top bestsellers. Attend open houses and show homes to get a feel for what works. Or use social media channels such as Pinterest and Instagram to get a visual on what real homes look like today. 

Develop a strong network 

Sometimes it’s not what you know, it’s who you know. Building up connections within the property development industry means you’ll always have trusted people you can rely on to help get the job done. 

This could be a local electrician who always takes the time to explain issues in a way you understand. An experienced estate agent who helps you to understand the current market. Or quality suppliers who consistently deliver results. Hey, that sounds like us. 

We’ve been around since 2015, advising everyone from self-builders to architects on the best doors for their properties and we’re still going strong. There’s nothing we enjoy more than helping customers find their dream doors – and we’d love to help you next. Get in touch with our experts today.