While there is a lot of hype about modular buildings around at the moment the real utility is found in thinking about pre-fabrication in more general terms. New technology such as SIP panels allow for extremely fast construction and have the potential to revolutionise the construction sector entirely.
One of the causes of the current housing crisis is cultural with councils and local residents alike, tending to oppose new developments on instinct. To solve the problem Grant suggests that more partnerships are needed between local authorities and developers but more importantly, we should learn to look for the positives in developing our local areas.
If you’re concerned about the prospect of going to property auction houses, don’t worry. Get in touch with the auctioneer and let them talk you through it. The truth is, like any business, the auction houses want to see their customers happy and coming back.
With Brexit looming, the future of the construction sector is uncertain. One thing, however, is clear. Planning applications need to be processed much faster. With 50% of the UK economy dependent on construction the unnecessary delays caused by planning departments to large projects are significantly slowing the wider economy down.
There are many risks to buying a property at auction but they are all avoidable if you prepare, properly. The trick, as always, is to do your homework. Today, Andy tells a cautionary tale of a man he was working with who got a little carried up in the moment and ended up spending five-hundred thousand pounds on five houses that he realised instantly he should never have bought.
When you are looking to grow your property business, ignoring social media is a big mistake. Facebook, especially, is a great way to network and connect with other property professionals who can help you to realise your business goals and objectives. Today, Grant Erskine talks about his mistakes and about why he wishes he’d discovered the power of social media sooner.
Auction properties come in all shapes and sizes. They can be tenanted or vacant and you need to do your research to avoid any nasty surprises. For an investment property having a tenant in place can be great. That will mean no void periods and will limit the need to employ a letting agent. But of course, that depends on who that tenant is and whether they are reliable with their rent.
Looking back to his most successful development project Grant Erskine gives his advice on making the most out of the space you have in a property. Today, he talks about mezzanines and sleeping lofts as a way of utilizing the vertical space of a room while still maintaining the defined sleeping and living areas that are prefered by tenants.
On the day of the house auction, you will need to bring your debit card or chequebook, two forms of ID and the contact details for your solicitor. Because there are legally set deadlines when you are buying property through an auction house everything happens a lot faster than if you buy through an estate agent.
Today Grant Erskine talks to Amy about his biggest property development success. The take-home message is this, that it is very difficult to profit from property development with bricks and mortar alone. Profit comes from increasing the commercial value of the property and adding to its capacity to generate an income.