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As a real estate agent, providing an accurate answer to the question, “What is my property worth?” is crucial to impressing your vendors. Striking the right balance between an unrealistic price and undervaluing the property can be challenging due to various factors.

Before diving into a property development venture, conducting a thorough feasibility study is crucial. This study allows you to analyze the numbers, assess project viability, identify potential challenges, and provide evidence of the investment’s worthiness.

In the cutthroat property industry, developers are constantly seeking ways to outperform their competitors. Thankfully, with the rise of proptech, you can leverage tech tools to plan, manage, and streamline your projects, while gaining a competitive advantage.

Creating a property development budget is crucial to the success of your project, as it allows you to accurately estimate costs and avoid unexpected expenses. Whether you’re in the initial planning stage or preparing to present cost estimates to your bank, following these guidelines and tips will help you create a detailed and realistic budget.

2022 presented a mix of challenges and opportunities for the property development and construction industry. Despite the efforts to overcome pandemic-related delays, labor shortages, supply chain disruptions, and rising material costs posed significant hurdles.

Flipping houses, also known as property trading, has become increasingly popular in New Zealand. It may seem glamorous and lucrative, but it’s important to navigate the potential pitfalls.

Development finance refers to the financing of residential, commercial, and industrial property developments, including construction projects. It typically involves obtaining loans for land purchases and staged payments for development costs.

Property development is not without risks, but with proper preparation, you can minimize potential pitfalls and increase your chances of success.

With the imminent changes to housing density regulations, many New Zealanders are considering venturing into property development. However, property development is not suited for everyone, as it requires a specific set of skills.

Discover the role and benefits of a mortgage broker in New Zealand. We provide detailed information on what mortgage brokers do, their advantages, potential drawbacks, and tips for finding the right broker for your needs.