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Property Development | Top 3 Tips for Beginners

The purpose of this article is in no way a definitive guide to construction project delivery as no guide fits all. Every project throws up its own challenges which requires different skills, specialist consultants and innovative thinking to overcome.

If you are new to property development I hope my advice provides you with a good starting point.

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Sillence Hurn meets …. Daryl Norkett, Relationship Director for LendWell

Collaboration is at the heart of everything we do at Sillence Hurn. To showcase our clients and the relationships we have established with them, we are pleased to share another installment to our ‘Sillence Hurn meets………’ blog series. This time we meet Daryl Norkett from LendWell.

Launched in 2019, LendWell funds shorter term, specialist property transactions.

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What is a Reinstatement Cost Assessment?

We’ve all read the official guidelines on Reinstatement Cost Assessments, but many property owners are still unaware of how they are delivered and what they mean for your business.

Reinstatement costs are extremely important, as they take into account the cost to replace, repair and rebuild a property in the event of loss. Having an accurate property value assessed is essential to being correctly insured.

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Demystifying the role of the Monitoring Surveyor

A Monitoring Surveyor is instructed by those with a financial interest in a construction project but are not directly involved in the building phase. These parties could be lenders, owners, investors or developers and it varies for each project.

Why do you need a Monitoring Surveyor?

The property market is extremely competitive with many people looking to get involved in their own projects to build a career or simply make a profit. This high demand means that it can be difficult to secure finance to carry out such projects. Lenders need to be sure about who they are lending to as construction projects are much higher risk than lending on a completed property as it is unknown at the beginning of the project what setbacks may lay ahead, affecting the profitability. 

 

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5 Top tips for working from home

Many of us have found ourselves turning our home into an office and if you are not used to this it can be challenging to adapt to the new routine (or lack of) and keeping focused.

Here at Sillence Hurn we offer a flexible approach to our working environment and will often work from home. With this in mind, we thought it would be useful to share our top 5 tips with you

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What is a survey and why you need one when buying a property?

When you are purchasing a property, whether it’s residential or commercial, making an informed, confident decision is best. But, on top of such an investment the thought of spending even more money can lead to the question of whether you really need that all ‘important’ survey.  

It’s the building equivalent of a car’s MOT but as it is not a legal requirement and is an extra cost, it can be easily disregarded. So perhaps the question should really be, could you confidently buy a car without the MOT?

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