The Complete Guide to Property Development for the Small Investor. Catherine Dawson

The Complete Guide to Property Development for the Small Investor, 3rd edition\r......Page 1
Copyright\n......Page 5
Table of Contents\n......Page 14
Introduction......Page 20
Stage One Preparation......Page 24
The economy and housing market......Page 26
Understanding short- and long-term trends......Page 30
Assessing market conditions......Page 31
Should I invest in property at this time?......Page 32
Useful addresses......Page 33
Further reading......Page 34
Refurbishing a property......Page 35
Renovating a property......Page 36
Property conversion......Page 38
Undertaking a new-build project......Page 39
Becoming a landlord......Page 40
Summary......Page 41
Useful addresses......Page 42
Further reading......Page 44
Developing your skills of reflection and analysis......Page 45
Assessing skills, knowledge and experience......Page 46
Developing skills......Page 48
Summary......Page 49
Useful addresses......Page 50
Assessing your financial circumstances......Page 51
Obtaining financial backing......Page 52
Knowing about mortgages......Page 54
Seeking advice from professionals......Page 58
Understanding tax implications......Page 59
Useful addresses......Page 62
Useful websites......Page 63
Deciding how to trade......Page 65
Developing a business plan......Page 67
Producing a profit/loss plan and cash flow forecast......Page 69
Summary......Page 70
Useful websites......Page 72
Stage Two Progression......Page 74
Finding sources of information......Page 76
Conducting a price analysis......Page 77
Obtaining property information......Page 79
Summary......Page 81
Useful websites......Page 83
Recognizing property hot spots......Page 86
Spotting areas of regeneration......Page 87
Spotting areas of degeneration......Page 89
Choosing suitable locations......Page 90
Knowing about redfield, brownfield and greenfield sites......Page 91
Summary......Page 93
Useful addresses......Page 94
Researching the development system and planning control......Page 95
Understanding restrictions on development......Page 97
Analysing the local market......Page 98
Analysing the competition......Page 99
Recognizing short- and long-term potential......Page 100
Finding out about ownership......Page 101
Summary......Page 102
Useful websites......Page 103
Stage Three Procurement......Page 104
Organizing your viewing......Page 106
Questioning the vendor or selling agent......Page 107
Using overt and covert observation techniques......Page 109
Developing a checklist......Page 111
Spotting potential for development......Page 114
Summary......Page 116
Using government statistics......Page 117
Researching environmental issues......Page 118
Questioning the neighbours......Page 119
Observing the neighbourhood......Page 120
Summary......Page 122
Knowing whether the price is right......Page 123
Negotiating and bargaining......Page 124
Making an offer......Page 125
Arranging a survey......Page 126
Choosing a conveyancer......Page 127
Obtaining important documents......Page 128
Buying at auction......Page 129
Summary......Page 131
Useful addresses......Page 132
Stage Four Permission......Page 134
Knowing what needs planning permission......Page 136
Obtaining outline consent......Page 139
Looking into change of use......Page 140
Preparing and submitting planning applications......Page 141
Using building surveyors......Page 142
Making appeals in cases of refusal......Page 143
Summary......Page 144
Useful addresses......Page 145
Understanding building control......Page 146
Knowing when approval is required......Page 147
Making a Building Regulations application......Page 148
Working with an architect......Page 150
Summary......Page 151
Useful addresses......Page 152
Understanding the Party Wall Act 1996......Page 153
Avoiding boundary disputes......Page 156
Obtaining insurance......Page 158
Summary......Page 162
Useful addresses......Page 163
Stage Five Perspiration......Page 164
Planning your budget......Page 166
Knowing about the costs......Page 167
Controlling costs......Page 173
Summary......Page 174
Appointing a project manager......Page 175
Understanding the skills and qualities required......Page 177
Preparing a management brief......Page 178
Summary......Page 179
Useful addresses......Page 180
Choosing builders, traders and service providers......Page 181
Spotting the cowboys......Page 183
Developing a contract and schedule of works......Page 184
Understanding the sequence of trades......Page 185
Supervising the work......Page 186
Summary......Page 187
Useful addresses......Page 188
Evaluating your skills and motivation......Page 189
Working within Building Regulations......Page 190
Working within the law......Page 191
Raising awareness of health and safety......Page 193
Planning your project......Page 194
Summary......Page 195
Useful addresses......Page 196
Useful websites......Page 198
Hiring plant and tools......Page 199
Obtaining safety equipment......Page 201
Sourcing building materials......Page 203
Sourcing white goods......Page 204
Useful addresses......Page 205
Useful websites......Page 206
Stage Six Presentation......Page 208
Knowing your market......Page 210
Choosing to furnish......Page 212
Decoration, fixtures and fittings......Page 213
Setting the rent......Page 214
Increasing your property’s appeal......Page 215
Summary......Page 216
Deciding on your market......Page 217
Producing a home information pack......Page 218
Selling tips......Page 219
Negotiating with buyers......Page 221
Useful websites......Page 222
Developing your marketing strategy......Page 224
Using estate agents......Page 226
Selling privately......Page 228
Avoiding marketing mistakes......Page 230
Summary......Page 231
Useful websites......Page 232
Stage Seven Preservation......Page 234
Using letting agents......Page 236
Arranging viewings......Page 237
Knowing what to ask......Page 238
Drawing up a tenancy agreement......Page 239
Producing an inventory/schedule of condition......Page 243
Summary......Page 245
Useful addresses......Page 246
Knowing your obligations......Page 249
Knowing your tenants’ responsibilities......Page 252
Understanding your tenants’ rights......Page 253
Going to court......Page 254
Evicting tenants......Page 256
Useful addresses......Page 257
Useful websites......Page 258
Using property management companies......Page 259
Conducting repairs......Page 260
Negotiating access......Page 261
Replacing household items and furniture......Page 262
Summary......Page 263
Useful addresses......Page 264
Useful websites......Page 279
Index......Page 285
Index of advertisers......Page 289