Welcoming the New Year is such a thrilling moment! It opens the door to a plethora of new opportunities and adventures. However, as time progresses, change becomes inevitable. This is particularly true in the realm of property development, making it crucial to conduct thorough research and gather all the necessary facts!
Among the key changes to keep a close eye on is the state of the market. Market conditions exert significant influence over various aspects of property development, including project feasibility, financing options, and sales. Being well-informed about these conditions can be a game-changer, allowing you to make decisions that save both time and money!
In this week’s episode, Bob and Hilary discuss how replacement value is positively affecting property development. They delve into why it’s so crucial to understand the value of developing properties based on replacement value and how this strategy allows you to maximise your returns and make informed decisions when it comes to property development. So if you are looking to start the year off right and ready to take control of your future, you won’t want to miss this week’s episode!
Episode Highlights:
Bob’s tip of the week [01:46]
Free goal-setting session [02:56]
Developing for replacement value, what does that mean? [04:41]
The impact of market conditions on feasibilities and financing [12:13]
The role of financiers in adjusting margins [18:06]
The increase in housing demand and its effect on prices [22:31]
The importance of replacement value in property sales [25:43]
Generalizing the market conditions and looking ahead to 2024 [28:23]
Recap [29:16]
To learn more about our upcoming Joint Ventures Workshop, please click here: https://propertymastermind.activehosted.com/f/134
To join us on Wednesday 24th January for our 1 hour FREE Goal Setting Session, click here: https://propertymastermind.activehosted.com/f/138
Throughout the episode, we also touched on Hilary’s new book, 3 Wines In. To learn more click here: http://www.hilarysaxton.com
