One of the things to consider when having a home extension built is the relationship between the builder and the architect. If there is an issue on the build that the architect has missed or the builder does not carry out the architects plan there is room for problems. So we would always advise that you have a single point of responsibility, a company that are confident enough with their work and skills to take care of the whole design and build process. Then if there is an issue during the build phase of the project they have to take some responsibility for the corrective action.
February 7, 2010
January 27, 2010
Development Sites Required for the Midlands
We have various clients currently looking for sites to buy for development in the Nottinghamshire area. Please see our development sites required page for more information.
January 26, 2010
Cheap houses midlands
Property investment companies are quietly raising funds from investors to allow them to invest in depressed property values in some areas of the midlands. The key strategies for many companies is to focus on high yielding property investments typically with low capital values per unit. The key to turn a profit from these types of properties is to negotiate preferable rates with main contractors and go for high volume purchases.
This give you more leverage with negotiating purchase prices and all the suppliers that assist in the future refurbishment programs which are key to increasing capital values of property investments.
The other plus to a refurbishment of existing property portfolios, is the opportunity for increases in rental yields again this has the knock on effect of increasing capital values of investment property.
January 21, 2010
Cheap houses, rush of mortgage lending
The Council of Mortgage Lending has released its figures for gross mortgage lending for December 09 and they have taken many in the property sector by surprise. The figures showed an incredible 14% rise in mortgage lending for December, which is at best normally a poor month.
Many believe that property buyers, property traders, and buy to let investors have decided to buy in 09 to take advantage of the reduced stamp duty. It is becoming increasingly difficult to find anyone in the mortgage market who believes that 2010 will not out perform 2009. So it will be very interesting to see January’s figures and the future path of interest rates.
January 18, 2010
Will the private rented sector make up for the funding issues of Housing associations?
There is ever increasing concern that the number of available properties for households on lower incomes will be reduced as the funding crisis for Housing associations continued to cause concern.
Many Housing associations are using their limited resources to create shared ownership schemes but this leaves the most vulnerable families forced to look to the private rented sector for their housing requirements. Many Housing associations and private rented Landlords are facing funding challenges after surveyors have “written down”, the value of their property portfolios.
January 12, 2010
Development Requirements
- Sites in the Nottinghamshire area, approximately 0.5 acres in size for the future development of nursing/care home.
- Site required in the Sheffield area on the outskirts or within a residential area, approximately 0.5 acres in size for the future development of nursing/care home.~
- Site required in the Doncaster area on the border of a residential and industrial area, approximately 0.5 acres in size for the future development of nursing/care home.
- Residential sites required within a 40 mile radius of Newark – on – Trent, must be in good areas with planning consent for the erection of executive properties.
- Residential sites required within a 25 mile radius of Newark – on – Trent, must be in good areas with either planning consent or the potential of planning being granted for the erection of mid-range to upper end property values. Any size of site considered up to a maximum of 15No units per site.
- Residential sites required within a 30 mile radius of Lincoln and Grantham, must be in good areas with either planning consent or the potential of planning being granted for the erection of mid-range to upper end property values. Any size of site considered up to a maximum of 15No units per site.
- Residential sites required in the Midlands area, must have planning consent and be ready for a quick start on site. Any site considered but must be value for money with a maximum purchase price of £400,000.00.
- Residential sites required in the midlands area, must be in a good areas with either planning consent or the potential of planning being granted for the erection of mid-range to upper end property values. Sites up to a maximum of 5No units.
Development Opportunities
Development Opportunities in Derbyshire
Cash for council houses
The money available form the government to build new council homes has been dramatically increased, the government has pledged to make enough cash available to give the sector the most cash for least two decades.
The housing minister has announced that they will allocate a further 122 million bringing the funding for this sector to just short of 250 million pounds. Many councils have bid for a share of the funding estimated to be enough to build around 4,000 new homes.
January 10, 2010
How to make money from property in 2010
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.
January 9, 2010
Cash rich investors and top end home buyers responsible for positive UK house price figures?
There are many surveys and reports that clearly show the recent surprisingly high increases in the capital values of “the average house price”. When well read and well thought of reports start to agree with the first more industry bias reports more and more economists start taking note. The Royal Institute of Charter Surveys have rarely been far from the mark and many agree that they have a great record in predicting short term housing market trends. There are commentators who say the top end and London prices are giving a jaded perspective and that less affluent areas are still suffering greatly from the housing market downturn. There is some historic evidence to suggest that the UK housing market prices rises do follow a loose top down model, so we wait to see in a truly interesting and exciting year for the UK property sector.