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Starting a property business PDF Print E-mail
Written by   
Wednesday, 02 February 2005


Profiting from a property means develloping it and changing it into a more marketable one.

If you want to buy a property and make cash from it buy reselling it at the higher price, you will need to think as a professional develloper:

  • Target your market so that the property be in high demand.
  • Decide on the area, it should be a promising area.
  • Don‘t let your feelings blur your decision, no personal taste.
  • Renovate for profit only: some renovations are profitable, some not.
  • Organize yourself as a professional.
  • Think about every penny spent with profit in mind.
  • Calculate the time and energy you will need to put in.

Keep in mine that the pros of this is that it can be relatively profitable business. The cons are that it can also be stressful, expensive and time consuming.

Plan to resell the property 20% more than what you invested in it. This will protect you against unexpected movements on the market.

You get a deal if the cost of the house plus the additional renovation work is leaving you a 20% profit margin.

To evaluate a property resall value, go to a few estate agents with a property profile of how it will look like at then end and ask for how much a comparable property has sold recently (less than 1.5 month ago).

Last Updated ( Wednesday, 02 February 2005 )
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