Development Finance - Is there value in your land and a potential development opportunity?

Is There Value In Your Land For Development?

If there’s something that has a finite supply, it’s land. OK, in Dubai and in the China Sea, they’re doing a sterling job of reclaiming vast swathes from the ocean, but for most of us, what we have is all we’ve got. Which is why it’s worth exploring whether there is Value In Your Land For Development? If you’re concerned you’re not in a position to fund such an endeavour, fear not, for development finance could well be the vehicle you’ve been looking for.

With the pressure on the government to create more and more houses, land has continued its steady rise in value. If you’re in an area where gaining planning permission is more a process than an ordeal, it may very well be worth enquiring about your likelihood of gaining planning permission for development purposes. And even if planning is hard to come by, there are experts to help you with that too!

Of course, it’s tempting to sell the land in order to realise its value. However, that is not always as straightforward as you may think, at least in the long run, for reasons we’ll outline below.

We think one of the best ways to benefit from the value of your land, whilst retaining control of what ultimately happens to it, is to develop it yourself. The last thing anyone wants is to sell a parcel, or large plot of land, only to find something built that you’d rather wasn’t there.

For example, if the acquiring developer’s original plan was to have 6 large, executive homes with big gardens, that sounds OK doesn’t it? But if a relaxing in planning then allows for the plot to be packed full of 3 storey townhouses, many of which have a lovely view into your property, it suddenly isn’t so wonderful!

Sometimes it really does pay to be a NIMBY!

Whether you’re thinking of building a new home for yourself before disposing of your current one, building a small development or even a large one, the time to get advice is at the start. It’s never too soon to start the conversation with the experts.

As is often the case in most walks of life, there are numerous considerations when it comes to property development. One of many things to think about is taxation in all it’s glory. However, with the right people on your side, there is help at hand to navigate the obstacles of HMRC et al.

Most importantly, when planning your land development project, having the most appropriate development finance partner is crucial to both getting the project off the ground in the first place, as well as the ultimate outcome.

Cornerstone Finance is an expert in all areas of development finance and are happy provide advice and guidance as and when you need it.

(First Published November 2018 by Cornerstone Finance https://bit.ly/2BoSGrv)