The question that many amateur and professional property developers will be asking themselves during January 2010. Well as many predict that 2010 will be a flat year for property prices it is a great year to start your first property development or start to build your investment property portfolio.
The beauty of operating in these market conditions is that most sellers are sensible, estate agents are focused on both buyers and sellers. The banks are looking to loosen their purse strings slightly as lending gradually moves towards more sensible levels. There are still some bargains in the property auction rooms or the estate agents windows and these come without the crazed crowd of buyers that were hunting back in the ?glory days of 2007?.
So if you are looking for a nice mid-terrace as your first foot steps into property investment or you have seen a rundown semi that holds a nice ?10,000 profit locked behind the flaking paint of the front door, now is an ideal time. Architects and contractors are available and you can often find that the big DIY sheds have various discounts and reductions on Kitchens and bathrooms which can be a big help to any property development project budget.
The building product suppliers are also much more flexible and there are deals on everything from plants and pots for the garden through to positive pressure units to stop condensation.
How to make money from property in 2010
January 10, 2010
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