A good starting point is to make contacts with local estate agents and talk to them to acquire some of the knowledge you'll need. These are some of the factors you should consider to find out information about the area you're buying in
If you are making structural changes with the purpose of adding value, you should first find out the current market price of your property, as well as its potential value once the changes have been made. Otherwise, your hard work and cash may not reap rewards.
Additionally, think about less radical changes that can be made - partitioning walls can be knocked down or put up, and bigger windows can make a house appear more spacious. However, in order to really boost what you have, an extension may be the best option.
If you are a building developer, the most common strategy is to buy a property cheap, renovate it and sell it for profit. Follow our tips for a successful project
The first step towards successful property development is to research the area in which you're intending to buy. Also think carefully about the type of property you want to invest in and your target market.