Property development is a sizable commitment of money, time, and patience - a venture that results in considerable returns when each phase of the project is completed properly. A developers fundamental objective is to seek out and secure favourable land opportunities, develop the land and maximise its potential, lastly complete the project and turn a profit - either by selling the units or becoming the landlord and renting them. In order to be successful in this field, an entrepreneurial mindset plus knowledge of the following aspects of property development are key.
For more insight on the skills you need to steer you toward success in property development, check out our new column published in the September edition of NZ Property Investor Magazine: https://www.scribd.com/article/668093236/The-Skills-You-Need-To-Be-A-Success
