Realising a property’s development potential
"Reveal its hidden potential" is a phrase we hear in many walks of life, but it’s never more relevant than in the property development game. Many landlords are sitting on a buy-to-let investment with the potential to make them so much more money – they just haven’t realised it yet.
The hardest part of property development is identifying where the possibilities start and end. Once you know the scope of the work involved and have an aim in mind, it gets a lot easier.
We offer free property reviews where we meet new and existing clients at their property and advise them of what potential their home has. During the visit we offer everything from small, inexpensive tips to help raise rent by £10-£15 per month, to advice on adding extensions and converting lofts to increase the number of bedrooms.
One thing you can’t change is a property’s location, so it’s vitally important to identify where it sits in the lettings market now and where it will sit post-development. For example, you don’t want to convert a two-bed let to a six-bed let if there’s absolutely no call for six-bedroom houses in the area.