7 Everyday Habits Of Successful Property Developers
Last updated 24th September 2018 • Ethan Mathews • JaeVee
The property development game is ever changing and one in which you should not become complacent in.
Those who are successful property developers put 110% into it and practice healthy habits.
Here are 7 everyday habits of successful property developers.
One of the everyday habits of a successful property developer is to be proactive. Don’t wait for an opportunity to present itself to you but go out and find it yourself!
Check property websites, call estate agents regularly and look at upcoming auctions for new property development opportunities.
Have A Plan
One of the most important everyday habits of a successful property developer is to have a plan. The plan may evolve and develop over time but will give you focus and help guide your choices and decisions.
This will help guide your budget, finances and how to keep on track.
Are you becoming a property developer to supplement your income? As a pension plan or do you want to replace your job? Keep to your plan and work on it frequently to achieve your end goal.
Look For A Deal
Other than looking for good property development opportunities you should also make sure you are practising the habit of looking for a deal.
Whether it be on new bathroom furniture or checking comparison sites for mortgages all keep your eyes open for the deals around you that you may need to use.
Make New Connections
An everyday habit of a successful property developer is to make new connections.
From estate agents, builders, solicitors and council workers it is important to have strong connections in these areas.
From LinkedIn, email, phone call or a face to face meeting it is important to build a strong base of connections.
Know The Area
It is important to take some time and practise an everyday habit of a successful property developer to know the local area to you.
Look into and research the new developmental areas, commercial buildings that are up for sale and the type of houses that are selling quickly.
This will give you invaluable information and you may even source a new development opportunity!
Know The Legislation
Legislation is always changing and it is essential as a property developer you remain up to date. An everyday habit of a successful property developer is to make sure you are keeping abreast of all the recent changes concerning Brexit, planning permission and licences.
Investing in further training, reading blogs, completing an online course will benefit and improve your property development skills.
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