8 Step Guide to Small Developments
Your ultimate multi-unit project resource
From concept to completion, here is our Step by Step Guide to Small Property Developments. With BONUS checklist!
Are you considering embarking on a small-scale development project but feeling uncertain about where to start? Fear not, as we've put together a simple overview of the key steps involved.
The benefits of developing your own small project can be numerous and depend on your ultimate goal. If you're developing to live in the property, you can save on developer margins and have the opportunity to custom design your dream home. Developing for profit can mean a healthy boost to your regular income with the right property and product. And if you're developing to rent, it can provide additional cash flow and increase the capital value of your existing site.
The purpose of this guide is to help you, as a first-time developer, gain a basic understanding of the development process. We hope this guide serves as a starting point to further your own research into small developments before diving in.
We wish you the best of luck in your development endeavors!