3. Think Like A Developer
3. Think Like A Developer (Image 3 of 10)
There's a big difference between buying a house to live in and buying something to either sell on or let. Buy where the opportunities are, not where you would like to live yourself. Make yourself a checklist:
1.How good is the local transport? Is it near a train or underground transport system or a good bus route; what are local parking facilities like?
2. What about schools? Are there good primary or secondary schools (these make areas desirable but expensive)? Language schools or a university (plentiful sources of tenants if you're considering letting)?
3. Are there good leisure facilities, such as sports and arts centres, parks and open spaces, restaurants and shops?
4. Beware of houses near problem schools, electrical pylons or mobile phone masts, or that are under a flight path. Look out for signs of poor council services (litter, shabby street furniture or graffiti).
Could you do it?
Here's what a project manager does:
1. Runs the development from beginning to end.
2. Ensures the site is safe and that it complies with legal requirements.
3. Hires all builders and sub-contractors, and pays their wages.
4. Schedules the work in the right order and ensures it is carried out on time and within the budget.
5. Orders materials to arrive at the right time.
6. Is on site for at least three or four hours every day, six days a week. If the project starts to slip, the project manger is the one who has to put in the extra work.
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