THE IMPORTANCE OF A TEAM WHEN DEVELOPING

06 DEC 2022 Promoted by NPI Group 2 min read Hotspots

When looking to head down the road of property development any first-time property developer should know the importance of having a great team behind them to guide them through the property development journey all whilst maximising their returns. With rising interest rates and so many moving parts in property development, it's never been so important to streamline the process to make it as quick and efficient as possible. 

IMG 6635 oukami

At the initial stages of our property development journey, we need to make sure that our finance broker is on the same page as our accountant, to maximise the benefits of both parties it is a good idea to have a meeting with both of them to discuss strategies around finance and tax. This is critical so we can define what structure is best to purchase in. When completing a development, it is important to realise  that it may be beneficial for us to purchase in a trust structure or even as a company to minimise our tax when we start to realise the profits. 

It's important to have the end in mind when developing, NPI Group can reverse engineer a plan to suit your needs and work with you along the way to pivot and maneuver the plan should your situation change. If you plan on holding for growth it maybe more beneficial to purchase in a different structure than if you plan on selling. 

When we move the through the different stages of development, we will find that we need many people to contribute to our plans, permits and development: land surveyors, arborists, architects,  structural engineers, energy consultants, conveyancer, soil technician, town planner, builders and  tradespeople just to name a few. At NPI Group we can bundle this all up in 1 easy to use process that is a streamlined approach to maximise your profits and minimise the headaches and issues that will arise  when you develop. 

Having this all-in-one place and having a company that has a common goal of maximising your profits will be so beneficial to your property development and ultimately the success of your property portfolio, NPI Group can streamline the whole process and will mitigate any serious problems arising during the acquisition stage, development approval stage and build process stage. 

For any first-time property developer having all the professionals linked under one umbrella will save so much time and energy and will allow you as the client to spend more time on doing and completing the things that are important to you.

NPI Group: NPI Group is a property investment firm that concentrates on small to medium-scale residential development and are making property investing/ development easy for everyone. We are bridging the gap between the average punter on the street and property development by using our 3-step method which takes the hassle out of any property investment/  development by completing the acquisition, the council and building permits, and project management of the job from start to finish.

 

Tags:
You need to be a member to post comments. Become a member for free today!

Related articles