Developing a property is not a straightforward process. There are several different aspects you need to consider before investing in a development transaction, because a bad investment can cost you time, money and effort.
On the other hand, if done right, the rewards of property development can be tremendous. There are many things you should keep in mind when assessing whether a property has potential, before you enter the world of property investment and development.
From location and target buyers or renters, to a plethora of costs along the way and overall final profit, here are six things to think carefully about.