What is property development?
Property development essentially means ‘adding value’ to a property or land.
What does a property developer do?
As a property developer, there are lots of ways in which we can ‘add value’, including:
- improving an existing property
- sourcing land or property, repackaging this, then selling on to another developer or investor
- purchasing undeveloped land and building on it
- converting an existing property (for example from commercial to residential)
- purchasing a property, knocking it down and building something new
At Watermark Homes, we are primarily interested in options 3-5, which is why we’re always keen to hear about development opportunities from both agents and home-owners. Visit our sites wanted page to tell us about yours.
Of course, other developers may focus on other ways of ‘adding value’ and as a home-owner, you may personally be most interested in the first option.
Learn more about property development
Find out more about property development, how we value your land, who we work with and how property development differs from construction on the following pages:
- What does a property developer do?
- What is my land worth to a developer?
- 10 Excellent reasons to sell your house to a developer
- Top ten tips for property developers
- Property jargon-busting glossary
- How to start a blog for your property business
- Crowdfunding for property
- How to keep control of construction costs
If you’re thinking about investing in property, you will want to make shrewd decisions. The best way to do this is with knowledge and careful research.
Reputable property developers would not dream of being careless with our investors’ money. Unfortunately, an unscrupulous developer can easily set up a company that seems legitimate at first glance. They can then ask for your ‘investment’ and proceed to use it for purposes for which your money was not intended. Therefore, it’s crucial before investing to be sure that both the developer is legitimate and that the owner/director is trustworthy. Furthermore, you need to be sure that your investment is secure, know what kind of return to expect, be clear on your investment timetable and have an exit strategy in place.
We have written a series of posts about what to consider as a property investor, starting with how to assess whether a company or individual is legit.
What should a property investor consider?
- How to check a company is real before investing
- What is investment return (ROI)?
- Explaining investment exit strategy
- How to ensure your property investment is secure
- What is a property investment timetable?
Where to start with property investment?
If you’re thinking of investing in property, but aren’t sure where to start, or what kind of investment would work best for you, we recommend starting with the infographic on our property investment for beginners page. Don’t worry if you’re not sure what a property term means or what an acronym stands for. We have a glossary page to clarify these!
Once you’ve got done this, get in touch if you would like to discuss property investment opportunities and how to partner with us on future developments.
Learn more about property investment
- Property investment for beginners
- Jargon-busting glossary of property investment terms
- Always read the small print in your title deeds!
- Matt Siddell from Qandor on ‘staying safe when investing’ – TejTalks
- Watermark Homes YouTube channel
Selling your home?
If you’re thinking of selling your house or land, you should consider selling to a property developer. Selling directly to a developer like Watermark Homes can save you time, money and stress. Find out how in our post ‘10 excellent reasons to sell your house to a developer‘. You might also be interested in finding out how a property developer values land and why this will differ to what a homebuyer is prepared to pay for it as their residence.
Millennials wishing to buy their own home are faced with rising house prices (8% per year) and 30% of their income being spent on rent [SOURCE: PricedOut].
It’s clear, therefore, that getting a foot on the property ladder is not as simple as it once was. So how can we, as property developers, help first-time buyers achieve their goal of homeownership? Well, firstly by creating high-quality, beautiful new homes that are also practical and affordable. Our Catherine House development in Borough Green, where we converted an old office building into 5 modern apartments, a stone’s throw from the station, is a perfect example of this. Wherever possible, we ensure that our new homes are eligible for the Government’s Help to Buy scheme, which aims to financially help first-time buyers and those looking to move home. Our Help to Buy explained post covers the Help to Buy equity loan, who qualifies, the H2B ISA and H2B shared ownership schemes.
We aim to provide information for first-time buyers, enabling them to make the choice that is best for them.
More information for first-time buyers
- How to get on the property ladder in one year
- Save a deposit for your first home in record time
- How to make your moving day super easy
- Help to Buy explained (this includes links to further information & how to find your local Help to Buy agent)
Just for fun, try our quizzes and see if you can score 100%!
We’re not only interested in property development
We also have a passion for interior design, decluttering and what’s going on in Kent and South East London. If you are interested in any of these, you might want to explore our other posts too. Here’s a few of our favourites…
- Top 10 things to do in Tonbridge
- How to make your home feel more spacious
- Declutter your home for a happier life
- Everything you need to know about clever kitchen organisation
- How to create a stress-free sanctuary at home