How to Find a Good Property Development

How to Identify a Good Property Development Company

When embarking on a property investment journey of any kind, it’s always crucial to do your research beforehand and make sure you’re taking all the necessary steps to succeed. When purchasing an investment property, particularly off-plan developments, there will typically be a property development company behind each project.

As part of the due diligence process, it’s important to do thorough research to find out whether a company is worthwhile working with. This way, you can rest assured that the property development companies you’re considering are experienced, reliable, and prepared to offer the best possible investment properties on the market. In this guide, we will cover some of the most essential steps when identifying a good property development company. If you’re investing in property and want to make sure you’re making the right choice, or you’re considering becoming a property developer yourself and need some inspiration, keep reading for our top tips on finding the best property development companies in the UK.

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Do Your Company Research

Doing company research is always an important part of due diligence, especially when it involves such a large purchase as a property. There are a range of things you should look out for when researching different property development businesses.

The first step should be to find out how long the company has been around for. If a property development company has been operating for many years, it’s likely that they will be more established and successful than those who are just starting out. Experience means a lot, and if the residential property development companies you’re researching have only recently launched and haven’t yet successfully completed any projects, you may feel less secure in making a purchase.

You should look for any evidence of company growth for the property development company you’re investigating, whether this is having won awards or having expanded their business in some way. If a company is always looking for new ways to thrive, this can be a good sign that they’re committed and will continue to develop over time. Similarly, if the developer is constructing exciting new developments in thriving UK cities such as Liverpool and Manchester, this shows that they have good industry knowledge and are forward-thinking.

How to Find a Good Property Development

 Look for Strong Reviews

Reviews are such a crucial element of any purchase. Buyers will check customer reviews for pretty much every product they purchase, and a property shouldn’t be any different. When researching a property development company, check their website for any company reviews, or refer to review sites like Trustpilot, Feefo and Google Reviews.

Some of the best property development companies in the UK will have built up a number of customer reviews. To identify a strong company, keep an eye out for 4 or 5 star reviews which paint the company and the developments they create in a good light. Qualities like strong customer service and high-quality properties are things

Look for a Proven Track Record

If a property development company doesn’t have any evidence of completed projects, then it can be difficult to identify whether they’re reliable or not. The top property development companies in the UK will likely have a portfolio of successfully completed sites that potential investors are able to browse.

When researching a company’s track record, you should pay attention to not only the finished development and how it looks, but consider whether or not the project completed on time and to budget. Delays in a property’s construction are sometimes unavoidable, so if there were any delays, try and find out the reason for this.

How to Find a Good Property Development

Keep an Eye Out For Positive Press

When it comes to property development companies, UK investors should also be sure to spend time looking online for any news or press which mentions the company. If a property development company’s latest developments have made the headlines for all the right reasons, this is evidence of their strong track record and solid reputation in the industry.

If a company has a lack of news or press coverage online, this isn’t necessarily a sign that they can’t be trusted. Some property development companies who have been around for less time may have simply not yet had news outlets cover their developments. However, if the company has been around for a long time and you can’t find any press coverage about them, or if you find more negative news stories, you should be cautious before going ahead with an investment.

Research their Collaborators

When considering a property investment, residential property development companies are not typically the company you would purchase the property from. Property development companies will usually work in collaboration with property investment companies who will sell the properties on their behalf. This is why researching the property investment company along with the development company is a useful step to identifying the strength of a property developer.

Property investment companies who are well established are unlikely to work with bad property developers. The majority of these companies will research the developers they work with in-depth, and would be sure to avoid any companies they suspected were unreliable. At RWinvest, for instance, we only work with industry leading property development companies in the UK, offering our clients the best possible developments in the top-performing locations. When researching property investment companies who work with the developer, take all the same steps that you would when researching the development company. This includes learning about how long they’ve been operating for, reading customer reviews, checking for news coverage, and looking at their track record. If the property investment company looks reliable, experienced, and trustworthy, it’s likely that the property development company that they work with will be too.

Explore Investment Opportunities With RWinvest

If you’re interested in getting started with property investment, take a look at our current UK property investment opportunities. We work with a range of the top property development companies the UK has to offer, and boast a proven track record of success. To discuss our available investments in more detail, don’t hesitate to contact us for a helpful chat with one of our property consultants.

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