Stepping into development
Investors looking to add another string to their bow could see great rewards from a move into development.
Monday, February 22nd 2016, 12:00AM
by The Landlord
In the first instalment of NZ Property Investor magazine’s four-part guide to property development, our journalist looks at the first steps that an investor needs to take before breaking ground.
Housing supply is an issue in a number of parts of New Zealand – although particularly in Auckland.
The desperate need to open up land and build more houses in these areas means development opportunities abound for investors who are up for the challenge.
These opportunities might involve a significant sized block of greenfield (undeveloped) land on the outskirts of a major city, or neighbouring properties in a rezoned part of Auckland.
The densification of land means property development is no longer the province of high-rolling professionals.
Savvy investors are now jumping on development opportunities too.
But what are basic considerations for a first-time developer? This month’s NZ Property Investor magazine has the lowdown.
To read part one of the beginners guide to development, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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