"Location, location & location".
We will have a look at one of the biggest determining factors of what makes a property a good investment.
Procedure to be followed to acquire land:
1. Properties in different areas.
2. Buy from agent / owner.
3. Asses growth in areas.
4. Do comparitive analysis of properties.
5. Who is the owner / entity and what impact that has on the price?
6. Restriction on erf.
7. Home Owners Association Policy and it’s impact on the property.
8. Outstanding debt on property.
9. Soil conditions analysis.
10. Life cycle cost’s involved with property.
11. Assessing needs analysis of client ito house to be build.
12. Decides which Architect to appoint ito budget and expected return on investment.
13. Looking at alternative methods to get properties.
Leaving out some of the steps increase your risk in making an informed decision.