Property Product Development Guide
Written by zanet copyright © 2006
This is the site you have been looking for. Profiting from property is really possible
We'll show you a step bt step guide to the ease of developing property through renting and buying to let!
Product development
In this area we discuss the budgets needed to successfully pull of your first of many property developments. Have you got the neccessary financial backing? Do you have a continguency fund? Have you investigated a the up and coming areas? What actual audience are you selling or renting to?
If you havent the basic answers to these questions, then this is the chapter for you.
You must identify your target right from the start.
There are 5 targets for you to consider below:
| Target | What they want | They don't want | Property to develop | |
| First time buyer |  |
functional, up-and -coming area | high maintenance, expensive repairs | Studio, one bedroomed flat |
| Professionals |  |
space, luxury and entertaining | Large un-managable gardens | Generously proportioned apartment near trendy bars and shops |
| Young Couples |  |
2 or 3 bedroomed house, value for money | no outside space, small kitchen | Terraced or semi near schools |
| Growing Families |  |
Flexible lay-out with a large garden and good storage | Open-plan and no outside space | Large house in a quiet residential area |
| Retired people |  |
Practicle , simple and comfortable | Lots of work and items requiring low level use | Maybe downsizing so a compact one or two bedroomed propert |
Quote from a local journalist:
"This was a remarkably easy chapter to follow, but covered so much neccessary information that if missed out on the development project, would possibly of proven quite drastic.
Great chapter Rental Property Development ."
You can find more useful information on our page entitiled "Top Rental Tips"