Profit from your Property Tel: 020 8644 3263
How do you proceed...?
What are your options....?
Would you like to stay in control of events...?
There are numerous reasons why you would like to control the development of your property. It isn't always to do with money, however, if you have an asset you will want to balance quality of life with return on investment and everyone has their own personal attitude to this aspect of ownership.
There are numerous reasons why you would want to modify your property:
- Extend your property to increase the asset value
- Increase the number of rooms in order to improve your quality of life
- Increase your cash assets through modifying the property in order to sell-off part of the plot
- Realise the plot or properties full asset value
- Or there may be a whole series of other reasons.....
The issue of developers
Many people when they decide to earn money from their property look to developers for a way forward, either in the form of selling the property outright without any further changes, obtaining planning permission in order to add to the value of the property or working through the delevelopment of the property yourself and attempt to realise the highest possible return.
You many want to modify your property purely as a way of improving your own or your families quality of life. For exmaple, adding that extra room or bathroom. However, you should still look to the future when you make this type of decision because you might want to sell the property at a later date so it is important to have a weather eye on asset values. This issue incorporates the need to focus on ensuring the design and planning are working in your favour.
The bottom line is that Developers run their businesses to make a profit. You have to decide how much of the potential increased value in your assets you would like to retain and how much you are willing to allow the developers to obtain. Of course, the more you retain the more work you have to carry out in order to do so.
Your options
- Relevant research to understand the potential value of your property
- Sell your property as is, take any profits from the sale (less likely in times of recession)
- Add new structures to your existing building using professionals to maximise asset value
- Maximise land use in order to maximise asset value
- Resolving issues with the planning department to release the potential in your property
- Look at commercial opportunties as opposed to residential opportunities
The issues here can be highly complex, in this scenario, Linic can act as an independent adviser to you when you are talking to developers. We would be working constantly in your interests to maximise the return in what ever way you are focused.
If you would like to talk to us to investigate the opportunities then call me on 020 8644 3263 or email me: Gill at Linic
Stay on Control at all times
A full understanding of your properties potential will allow you to stay in control of the evolving situation. You can optimise any return on the property dependent on your key objectives. All the time ensuring that you obtain a sensible commercial price for all/part of your land and, most importantly, stay in control so you are making decisions in your favour.