New build homes are an important part of the construction market, as they offer the chance for the UK to combat its growing population and ensure that everyone has access to a safe and comfortable home.
With the UK significantly behind on its new build homes targets in 2021 thanks to the COVID-19 pandemic, property developers and other new build estate stakeholders need to make sure that they improve their productivity and get their projects completed as soon as possible.
That means that you need to streamline your processes and work to ensure that you avoid any potential pitfalls where possible.
Here are some practical tips to help you to make the process of creating your new build estate, from initial planning and getting permission to completion, easier and more straightforward.
Select The Perfect Site
The first step in creating a new build estate is to find and secure the right site. That means buying the perfect land on which to build your properties. When choosing land for your development, you need to make sure that you get environmental reports on the flood risks and other vital factors that could affect the homes you build there. You should also consider the location and try to find a space that will appeal to your target market. For example, if you’re creating a luxurious countryside estate, then you need to make sure that the properties are remote enough to be private and have plenty of land around them. At the same time, you also need to ensure that they are close enough to a main road to avoid being completely isolated.
Get Daylight And Sunlight Reports
When you try to get permission for your project and get local leaders on board, you might face objections about the properties blocking daylight and sunlight. Later in the process, daylight and sunlight blockages can cause serious issues when you come to sell the properties in your development. Also, if windows overlap each other and residents can see into each other homes, then they could also cause privacy issues in your new build community. A daylight and sunlight assessment can help you to deal with potential opposition to your new build estate proposal and ensure that your new properties all get enough daylight once the community is completed.
Find Innovative Ways To Fund Your Project
After you get the go-ahead to start your project, you need to think about the funding and how you’re going to pay for all the equipment hire, builders, surveyors, reports and more. There are many types of property finance options for developers, so you need to review them and work out which ones are best for you. Then you can start approaching lenders and working with them to understand the costs you’ll incur throughout the project and how they can help you to cover them.
Learn To Promote Your Estate Properties Effectively
Once your project is up and running, you need to start thinking about promoting your estate and selling the properties. Many developers sell the properties before they are completed to ensure that the estate becomes populated quickly and to help fund the expansion and ongoing maintenance of the communal areas. That means that you need to be proactive and work with illustrators and other content creators to craft unique marketing materials that highlight the potential that your fledgling estate has.
Creating a new build estate from scratch is a monumental undertaking, but it can be worth the effort when you’ve crafted a successful and lucrative collection of properties. Make your mark on the UK’s property market and achieve your property development goals with these handy tips.