Once you've grabbed your free property development business plan template by completing the form above, you should read through this page for guidance in completing it.
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Don't forget to drop me a note telling me about your project in the comments at the bottom!
This section of your plan should be a bulleted list summarising the main points of the plan. It is intended to give a reader -- be it a potential investor or a bank manager -- an overview of your proposed project at a glance.
Make it sound attractive but don’t hype your project. If you feel you have to do that to make it sound attractive then you should ask yourself whether the project is worth doing!
It may be best to write the rest of the plan and do this bit last.
Your executive summary should contain the following:
This is your chance to sell the project to your investor. Remember that your potential investor is interested in what is in it for them.
Include all relevant facts and supporting information, photos, plans and schematics.
A detailed description of your project from a practical point of view. Include the following:
Will planning permission or any licences be required, if so have they been applied for? If planning an HMO / multi-let, will you require a licence?
What permits are already in place and which ones need to be applied for?
Will architects be required for the project? If so has an appropriate one been sourced? Have they done similar previous projects? What will they add to the project?
What contractors and / or suppliers will be required? Have quotes / costings been solicited?
What is the realistic schedule for the project. Include relevant project milestones.
How will the profit be realised? Will you...
What is the back-up exit strategy. All smart developers have a plan B, in case the market changes.
What are the potential risks to your project? How will you manage them if they occur?
A full financial analysis for your project. You may want to attach a separate spreadsheet. Be sure to include the following costs:
How often and in what manner (report / meeting / spreadsheet?) will your investor be updated on your progress?
When you’re done, be sure to get your advisors to review your plan for you.
I'd love to hear about your project -- drop me a note in the comments below!