Five things to know before starting a development project

Those getting involved in property development, whether for the first time or not, must be aware of the common trip-ups many come across.

Developing can be a hugely profitable venture, but for those who don’t know their roof tiles from their floor tiles, it can be tricky.

Verve Projects has shared five tips that they’ve learned about common traps and what you can do to avoid them.

1. NEVER FORGET THAT TIME IS MONEY

2. ALWAYS SURROUND YOURSELF WITH THE BEST TEAM OF CONSULTANTS AND CONTRACTORS

3. DO YOUR HOMEWORK

4. ALWAYS CONSIDER ALL THE OPTIONS

5. ALWAYS CONFIRM YOUR COMMUNICATION OBJECTIVES AND REPORTING REQUIREMENTS UPFRONT

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