Real Estate Development – Why You Shouldn’t Search For Great Property Development Sites

We have seen so many beginning property developers go badly wrong at the very first step.

Before scouring the real estate listings to find large blocks of land for sale, there is a crucial first step. If you jump into buying a site without taking this crucial first step, you are taking a huge risk.

You see, there is no way that you can be an expert in every part of your city or state. Yet, to be truly successful as a real estate developer, you must become an expert in the area in which you develop.

Each local council is different. Each area has different public transport provision, traffic bottlenecks, noise pollution issues, local resident action groups, and any one of a dozen other differences – and all these differences are vital factors in your development site viability calculation.

We advise that you don’t begin by searching for sites – but rather begin by selecting one or two area’s in which you will specialize.

When we’re looking for an area, we’re after “a desirable location with consistently good growth”. In other words, we’re after an area that historically has had a minimum annual average growth of at least 10%.

The growth of an area is normally associated with supply and demand more commonly known as the “scarcity” factor. But that’s by no means the end of the story. We have identified over 30 ‘Factors That Can Influence Real Estate Capital Growth’ – here are just some that we consider:

– consistent median house price increases

– positive population growth

– high socio-economic suburbs

– high percentage of homeowners

– low unemployment

– good transport links

Once we’ve identified an area we undertake a detailed market analysis of the neighbourhood using our ‘RED Local Market Feasibility Checklist’. Here are just some of the things we assess:

– demographics: Who is our market and what do they want?

– facilities: Are there schools, transport, shopping centres, hospitals, etc?

– gentrification: Is the suburb in transition, are people moving into the area, are people renovating, is there a cafĂ© society, is it a beach suburb etc?

– infrastructure: Are there plans for new infrastructure like bypasses, new roads, new bridges, shopping centers or is council undertaking beautification?

Finally, we identify what the town planning regulations allow. Possibly even speaking to the local council planners directly – in our experience most council staff are very willing to help.

Never overlook the importance of proper research because it helps you to determine what type of dwelling is in high demand in a particular area, for example if you should be concentrating on townhouses or boutique apartment developments.

Once you have selected two or three locations which look good on paper, get familiar with the areas by driving around the suburbs, checking out what other developers are building, and then talking to a few Real Estate Agents and Property Managers. If possible, you should also attend property auctions. You want to get a feeling for what’s possible, and the demand in the area.

Only when you are completely satisfied that an area stacks up, in the statistics, the ease of doing business, and in the general atmosphere, should you start the process of looking at individual development sites to purchase.

Don’t get distracted by the “Bright Shiny Object” – the apparently brilliant bargain buy in an area you haven’t researched. You have no idea what problems you may be buying into! Stick with the area you know, and know well, and you will have a lower-risk real estate development experience.

New Home Interior Design – Plan Ahead

By failing to plan properly well ahead of time for your new home interior design, you could end up feeling too overwhelmed with other work to actually plan out how you want your new home to look. In addition, by the time all your belongings are moved into the new home, planning for the new home interior design will be close to impossible with all the clutter lying about.

Getting Started

When planning for your new home interior design, begin first by spending time in your new home and taking a good look around. Keep in mind that it is much easier to plan for a new home interior design when the house is still empty and bare. Visit your new house at least twice before you begin to lay out plans for your interior design.

Make sure that you visit at least once in the morning to see how the light plays around the rooms during the early morning. Then visit again in the afternoon to see how the rooms look and feel in the afternoon light. Remember that your new home interior design will work better if it is designed to harmonize with the light to achieve that warm, sunny and homey feeling.

When visiting your new home, take along a sketch pad and pencil with you. Never mind if you cannot paint or draw. What is really important here is that you note down all of the important parts of the house and then take the time to plan out what you will do with it. For instance, you will want to get the dimension and shape of the living room.

You will be taking measurements for drapes and window coverings. And if you intend to buy new furniture, you need to select pieces that will not look overly large for the space nor make the area look crowded. By jotting down the exact size and shape of the room and home interior design, you will be able to determine the types of furniture and fixtures needed in order to make that room look like your own, containing your own special touch.

Old Trends Becoming New Again in Today’s Home Interior Designs

Do you want to know about new home interior trends for 2009? Maybe you’re preparing your house for sale, having a new custom home built, relocating to a different office complex, or simply desire a change of scenery. There are a lot of different styles, themes, and tastes when it comes to interior design. Now that builders are offering their clients so many customizable options, there are some clear trends emerging. Open floor plans continue to be popular, along with energy efficient designs, and practical ideas that are tasteful.

Homes during the 1800s and into the early 1900s were special. Large family homes were actually designed to section off the house into separate distinct areas. For one example, the house would have servant’s quarters located on the bottom floor near the kitchen, while the family’s quarters were all located upstairs. Just off the parents’ master bath was an en-suite bathroom, while a powder room was located downstairs. Oftentimes, the children’s quarters were located down a hallway in their own separate area of the house, to allow the parents some degree of privacy and reprieve. There might have been a carriage house for guests or in-laws. This home interior trend is popular again for 2009, with two or three bedroom suites and extra bathrooms being more popular. Most buyers prefer that children’s bedrooms are on one side of the house while parents and in-law rooms reside on the other, allowing a space favorable for restful refuge. Located in an isolated part of the home are the secondary suites, usually 300 to 400 square feet in size and containing full bathrooms and occasionally sitting rooms.

Family spaces will continue to be popular through 2009, according to experts. Rear living, meaning that the family room and kitchen are located to the back of the house, is gaining in popularity. This allows the parents to prepare food and still keep an eye on the kids playing in the family room or entertain guests and still be able to take care of things in the kitchen. A lot of modern designs have less walls in common rooms with an “open concept” feel. Conjoining rooms with half walls are good for kitchens, dens, and dining rooms. Moreover, Americans began to adopt the European idea of outdoor living areas; so today we find houses with their own outside kitchens, pizza ovens, fire pits, chandeliers, artwork, and comfortable furniture on a covered patio.

Home interior designers usually look to create a sense of timelessness. Blue and greens are popular in rooms like bedrooms because they offer a calming feeling. As the center of the home, the kitchen often gets bright hues, from designers, like startling splashes of yellow, red, and orange. There is a lot of versatility in living rooms; you can go with dark and elegant or modern and white. Bath design often seeks to create the feel of a “home spa”, incorporating crystal blocks to allow light in, using rich browns accented with pastel colors and tiled flooring in relaxing shades. A custom design will pull all of the rooms together for a unified feeling.