Build to Sell Strategy
In this module we will look at building or buying off the plan with the aim to sell. In buying off the plan, a developer has a full plan of what will be built. If you decide to build, you will purchase land and then commission a builder to build the house you want.
In both of these cases your millions are made by manufacturing capital growth. The amount of capital growth will depend on the development and the demand for the finished property.
This strategy is suited to people with time. It takes time building a property, although it is very rewarding to watch it go from a block of land to a home. Depending on how you finance the development, you might need to be making repayments through this period. Although when you buy off the plan, you generally pay a deposit with the balance when the property is complete. In addition, to having time, this strategy is suited to people without as much knowledge in building if they buy off the plan, or will need experience if building yourself. Either way you will need to know the market. You need to purchase and develop the property that is in demand to ensure you get the best sales price.
Your fun task is to discover if you have the time and knowledge to build a property and sell it to make your millions.
Do you have the time to build a property?
Do you understand the market to develop a property that buyer want?
Are you willing to do the research to build a property that is easy to sell?
In both of these cases your millions are made by manufacturing capital growth. The amount of capital growth will depend on the development and the demand for the finished property.
This strategy is suited to people with time. It takes time building a property, although it is very rewarding to watch it go from a block of land to a home. Depending on how you finance the development, you might need to be making repayments through this period. Although when you buy off the plan, you generally pay a deposit with the balance when the property is complete. In addition, to having time, this strategy is suited to people without as much knowledge in building if they buy off the plan, or will need experience if building yourself. Either way you will need to know the market. You need to purchase and develop the property that is in demand to ensure you get the best sales price.
Your fun task is to discover if you have the time and knowledge to build a property and sell it to make your millions.
Do you have the time to build a property?
Do you understand the market to develop a property that buyer want?
Are you willing to do the research to build a property that is easy to sell?