SWOT analysis Market research If you can cover all of the above in a clear and professional property development business plan, then you will have a great foundation to the company to implement.
Business plan In the business plan you also have to discuss how you intend to cope with the proposed electricity tariff increases and allow for possible interest rates hikes which would affect the profitability of the project.
Another important issue which must feature in your business plan is the cost of managing, maintaining and securing the residence.
Any organisation that is providing millions of Rand to develop such a project will need to be sure that the residence will at all times be properly maintained and is secure. You must show clearly in the business plan that you have researched the market thoroughly and are able to show that the students who are always short of money will and can afford to rent the accommodation as they are the key to the success of the project.
Download this business plan to get you started. Download this generic business residential property development business plan to create your own. Zoning Make sure that the property is zoned for this type of accommodation.
Zoning is the grading of properties in terms of what it can be used for and what can be built on that property. Zoning schemes are imposed by Provincial Legislation and administered by Municipalities. If the property is zoned incorrectly, you have to apply for rezoning.
Each local authority has different parameters in order to rezone property. Zoning and permits 3. Title Deeds In addition to the zoning regulations, development is also controlled by conditions of title. These conditions are set out in the Title Deed of each property, and can restrict the way in which a property may be developed.
Any development of land that ignores this legislation and its regulations can result in prosecution in terms of the applicable legislation. The zoning regulations as well as the property description, and the size, orientation and other details can be obtained from the local municipally office and this department can also provide information regarding the National Building Regulations.
If a proposed townhouse development needs to re rezoned the application is a formal procedure. As it is a very complex procedure, it is best to consult a professional town planning consultant or other professional such as a land surveyor or a lawyer.
There are other costs to worry about as well. These include preparing the application, i. Depending on the type of application, obtaining a decision may take as long as 12 months.
After the application is submitted it is circulated to relevant Council departments and agencies for comment. Find out who owns the land You will also have to find out who owns the land. The deed constitutes proof of who owns the property.
The deeds office keeps a record of all property transactions. If a title deed is destroyed or lost, application can be made to the deeds office for a duplicate original of the deed.
How do I re-zone a property for commercial use? Financial support As this is an education project, contact the Small Enterprise Development Agency, who provide free mentorship and guidance that will help will all the important steps in starting a successful business.
They will point you in the right direction in order to find funding and may also be able to help you get funding through the Department of Education.
However, although they do not fund projects, they will certainly be able to refer you to the right institutions. Visit their website for more information.
Applications for financial assistance are evaluated primarily for economic merit viabilitywhile collateral is a secondary issue. Download the pdf here. Umsobomvu Youth Fund Enterprise Finance aims to promote entrepreneurship among young people, so it provides funding to the youth years old to help them start a new business or grow an existing one.
However you will have to demonstrate commitment to the venture and that it will be economically viable. Visit the website here.
How to query details of ownership of commercial property? Building regulations It is widely known that the regulations for the building industry in this country are far less stringent than those of other countries.
A good reputation is so important A reputable developer will never cut corners when building. By law certain standards have to be met throughout the building process. Architectural plans must adhere to council regulations and be passed by the local municipality. Approval Foundations must be approved by a building inspector before concrete is cast; the structure undergoes a damp proof test, the roof structure has to be passed and when the building is complete it must pass a final inspection.
Building inspectors can make or break a development No loan for the construction of townhouses will be authorised by a bank without a building inspector approved by the National Home Builders Registration Council NHBRC passing the structure. If you plan to sell townhouses and have cut corners, buyers will be unable to obtain funding to buy a town house.
It is a complete guide to building and explains costing of materials, planning and just about everything you need to know.E.T Construction's project for late /09 is a residential property development in Midfield Estate, Midrand.
This project consists of five luxury residential houses. Write a good business plan for your real estate development company Real estate development requires a lot of careful planning for you to succeed at it.
So make sure you have a good business plan ready before going into the business. E.T Construction's project for late /09 is a residential property development in Midfield Estate, Midrand.
This project consists of five luxury residential houses. If you want to make money by investing in property, you need to first develop a plan. This plan involves analyzing your goals as an investor and your goals for the investment property.
This plan involves analyzing your goals as an investor and your goals for the investment property.
The first thing you must have is a good business plan. The first thing you must have is a good business plan. How To Start A Property Development Business.
The first thing you must have is a good business plan. Published. 4 months ago South Africa’s laws require that in order to develop townhouses in a residential area the property.
MSN Real Estate real estate management business plan executive summary. MSN Real Estate is a start-up business formed to provide a diversified development, brokerage, /5(59).