Property development: How to get started
Regardless of whether you run a restaurant, dental practice or a string of HMOs, maintaining any property you own is essential in order to satisfy the needs of your customers or clients and generating a reliable income. However, achieving this and living up to your obligations isn’t easy, especially if you lack the necessary cash reserves. But there is a solution. An increasing number of SMEs are turning to Property Development Finance for the support they need to revitalise properties in their portfolio and meet the exacting demands of their customers. So if you feel like your property portfolio could benefit from a shake-up, here’s what you need to consider.
When should I consider applying for Property Development Finance?
Property is a very valuable asset, empowering your ability to penetrate different markets and run essential day-to-day operations. As such, if you’re a property owner, you’ll naturally want to invest and maximise your return. This is where Property Development Finance can help. However, the type of funding that is appropriate for your business ultimately depends on the scope and scale of the project you have in mind. Nevertheless, Property Development Finance could help support the majority of the costs involved regarding a number of property-specific projects ranging from:
- Refurbishments: interior and exterior aesthetics, wall removal and restructuring, ceilings, flooring to any other non-major structural projects.
- Renovations: Typically more extensive development projects such as extensions, rearranging of weight-bearing internal walls and restoring dilapidated property.
- Ground developments: land purchase, earthworks, piling, deep soil mixing to property construction.
Having trouble maintaining your property portfolio? Or do you need help making your premises more appealing to customers? Apply for Property Development Finance or learn more about how your business could benefit.
What Property Development Finance solutions are available?
Over time, any property can fall victim to wear and tear or lose its kerb appeal as trends change. This makes maintaining your premises just as important as ensuring successful day-to-day operations. The trouble is, after paying bills, staff wages and other business costs, you may not have the necessary funds left over to give your premises the attention it deserves. Fortunately, Property Development Finance offers you access to a wide variety of finance solutions, including Redevelopment Mortgages, Refurbishment Bridges, Property Development Loans and Major Development Funding. So whatever you need to make your property (or properties) shine, acquiring the funds you need to make it happen needn’t be a hassle. But, in order to make an informed decision, make sure that you fully understand each of the products that are available before submitting an application.
How much capital could I acquire?
What makes Property Development Finance such a useful finance package is that you aren’t bound to any credit limitations other than what the lender is willing or able to lend. That’s because funding is typically based on either the property’s current market value or how much the project is expected to yield in returns. Therefore, applying for Property Development Finance could enable you to pursue any type of property development project and ensure its completion in total confidence.
Thinking of redeveloping your portfolio?
Whether you own a single premises or a string of properties in various parts of the UK, ensuring that they’re well maintained is essential for safeguarding your investment. The problem is that this requires access to sufficient amounts of capital, sometimes at short notice. Although it can be tempting to turn to your own savings, you could, instead, spread out these costs by applying for Property Development Finance. The only obstacle standing in your way now is choosing an appropriate finance solution, which is where speaking with a qualified Property Development Finance expert can prove invaluable.
At Rangewell, we’re an Access to Finance specialist working with over 300 lenders to offer you an overview of more than 23,000 business finance products. Our services are free to use and we’ll also guide through the application process. We’re with you every step of the way. So, apply for Property Development Finance Bridging Finance today or find out more with Rangewell.