The 7 Critical Steps, in partnership with our design and build partners:
The success of any property development process starts here. Admired Properties have the systems and network of contacts in place to make managing the site finding process easy for you. Sites are continually being fed into our site finding funnel. We know where to look, who to contact and we have strategies for sourcing off-market sites to your specifications.
Arguably the most important step within the property development process, the development appraisal forms the backbone of a successful financial outcome for your investment. Our design partners provide us with an initial site appraisal or a full cash flow appraisal depending on the stage of the project. Measuring profit effectively and tracking the viability of a project is key to providing our customers with valuable and secure investments.
DETAILED DUE DILIGENCE
We analyse and assess everything to do with the proposed site which will have a physical, financial, legal or construction impact or constraint on the project. This will include: Legal & physical constraints, planning & statutory considerations, utilities and services, future ‘build-ability’, surveys & design. We will often need the input from our project team at this stage, which could be a planning consultant, architect, solicitor or engineer depending on the site specific conditions.
We are now armed with a site, a land value and a completed due diligence checklist. Its now time to secure the site and close the deal. There are many different ways to structure a deal and you can rely on Admired Properties to use our extensive experience of the various methods to ensure this stage of the property development process can happen. Admired Properties are fully conscious that buying well has one of the biggest impacts on your profit, and can negotiate the best possible outcome for you.
From the early stages of our potential project, we access the most appropriate funding options with the support of our partners.
DESIGN, PLANNING & PERMISSIONS
Design is critical to the development process. Here at Admired Properties we know how to work with the right people to squeeze, optimise and maximise every single square foot on a site to achieve the maximum amount of profit the site can yield. As a property developer, we need to manage the process to ensure all the permissions are in place and that we have a scheme designed that is viable. You can rest assured that Admired Properties and our knowledgeable team can manage this process efficiently and ensure that our development can actually go ahead and happen.
Reaching the construction step along the property development process is a major milestone and there will have been some serious work, effort, time and money already invested in the project. Even though the project will have been significantly de-risked along the way, there is still plenty of places for risk to turn up. Admired Properties contract with trusted, responsible and reliable builders who will have been hand-picked as suitable for the project and have an appropriate procurement strategy in place. Admired Properties contract in a project manager and a contract administrator to ensure the practical completion of the project runs smoothly.