How well can you sell your future development?
How well can you explain the added value when all you can show on-site is an old, tired office block ready to be stripped down.
“The perceived value of something is determined by the information available at the time of the valuation.”
I’ve heard this statement on one of the property investment seminars I attended a couple of years ago, and it got burned into my brain.
The more information you can provide to your valuation officer, the less he or she will rely on the previous experience and imagination.
Just like our client did on his Office to Flats conversion.
| Looking at this example, ask yourself… How many opportunities did I miss when my gut said YES but someone else’s numbers said NO? How much money did I leave on the table by not providing enough information to explain the true potential to others? |
To discuss with us your current or next project and unlock the true value of your development, click the button below.
Recent Comments