You Ask, We Answer: How do I approach researching a property developer?16 08 2018
Just like with any other investment, you need to use common sense when it comes to your property portfolio.
One of the most essential checkpoints is to research your property developer thoroughly before signing on the dotted line.
Amateur property developers will try to wriggle out of promises when things go wrong. They may also encourage you to invest in property in a less-than-desirable area or cut corners at every stage of the process.
When you choose a property developer without undertaking full research, you are also at risk of investing into a property that is being built by “cowboy builders”. This may mean it takes many more months or years to complete than originally stated.
In the worst-case scenario, the project may never be completed or completed to such an inferior standard that the property falls short of health and safety regulations without the aesthetic qualities that will attract and retain occupants.
The other option is to hire a professional who can help you navigate a complex market and identify those suppliers who pride themselves on offering a hassle-free property development process. Our expert property investment team at Alesco have abundant experience in identifying the most reliable and lucrative opportunities available.
We can access options such as fixed-price contracts to ensure that you don’t encounter any unexpected charges and help you build a strong, resilient property portfolio to suit your investment ambitions. For more details, contact us today on 0203 281 7439.