|
New small developments of Villas and Apartments
Now and again the team are presented with an opportunity to acquire land for the development of villas and apartments – favoured size about 4 to 12 units.
Having built up a strong team including Lawyers, Architects, Surveyors and Estate Agents, these small developments can be very profitable and risk free. An interesting concept for the builder/developer is that, having financed the purchase of the land, the building is always effectively financed by the purchaser with stage payments paid against architects certification. In other words: with no building finance to find the project is soon into profit.
|