Want to become a property developer – 6 tips for your first development: 
 
So over two years into my first development and you could say there isn’t much I don’t know about the process. From dealing with planners, local residents, to the multitude of professionals that all want their slice of your profit the list of things you have to have in place before you even break ground is exhaustive. 
 
That said if you can handle this then the rewards can be huge but be mindful the risks can just be as big. 
 
The following tips are things I have learnt on this journey that I wish someone had told me before I started, and I hope they help you avoid the delays and additional costs I have had. 
Want to become a property developer – 6 tips for your first development: 
 
So over two years into my first development and you could say there isn’t much I don’t know about the process. From dealing with planners, local residents, to the multitude of professionals that all want their slice of your profit the list of things you have to have in place before you even break ground is exhaustive. 
 
That said if you can handle this then the rewards can be huge but be mindful the risks can just be as big. 
 
The following tips are things I have learnt on this journey that I wish someone had told me before I started, and I hope they help you avoid the delays and additional costs I have had. 
 
Tip 1: BUILD A RELATIONSHIP WITH THE PLANNERS. 
Engage with the local planners as soon as possible, ideally before you have bought the plot. This will allow you to get their input up front as to how they would like to see the plot developed and if they are in favour or not. This will save you buying something that has no chance of getting approval. 
 
Tip 2: WINNING HEARTS AND MINDS. 
Engage with the local residents and parish council. Again, ask for their input into what you are proposing and whether they are in favour or not. This one step if done right will stop you alienating the locals and avoid them objecting on mass to your application. 
When we submitted the application, we received 23 objections in the first 24 hours because our advisors hadn’t engaged with the locals. After taking back control of the project and engaging with the locals and parish council, when we resubmitted the application the parish council actually gave us a letter of support and the locals removed all their objections. 
 
Tip 3: YOUR TEAM IS WORTH THEIR WEIGHT IN GOLD. 
Assemble a good team of professionals who can deliver. Ask for references from previous clients and make sure they are focused on what you want not what they want. Remember it’s your development, so take advise but make sure you have the final say. 
Two architects, two planning advisors, four builder quotations I have finally assembled an exceptional team that I will use on my future projects. It takes time. 
 
Tip 4: TIME AND MONEY. 
Be prepared for it to take longer and cost more than you expected. My initial timeline for this development was 18 – 20 months. When finished it will have been 38 months from date of purchase, so double the time. 
 
Tip 5: SEE IT AS A LEARNING CURVE. 
Enjoy the process and learn as much as you can about the different steps involved so you are better prepared for future projects. 
 
Tip 6: KEEP SMILING. 
When you have challenging days and you will have them just remember why you are doing it and smile. Trust me it honestly does help. 
 
To see all the updates about the Wheatsheaf development, go to the project page and select Wheatsheaf development. 
 
If you are interested in finding out more about the services, we offer then please contact the team on info@3eassets.co.uk 
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