Making sure that you have a trustworthy and reliable property owner is crucial to those looking to invest in housing. It is important that property owners present good qualities to both tenants and buyers alike, ensuring that communication runs smoothly. In this blog we will be discussing key qualities that all property developers should display, as well as what makes a good property developer.
Key Qualities:
Reliability – All property owners should respond promptly to any maintenance requests, to help to ensure that their tenants are satisfied with their quality of living. Answering questions that any tenant has is also highly important, keeping them informed on important matters is essential to gaining trust and establishing a good bond.
Financially Stable – For tenants, making sure that the property owner is financially stable can help to minimise the risk of unethical and sudden rent increases, or evictions due to unforeseen financial issues.
Highly Experienced – By having a property owner that is highly skilled and experienced within the industry, they have likely encountered various maintenance issues and know how to handle them efficiently. This means that there is a minimisation in down-time and inconvenience for tenants staying at that location. Experienced owners understand market trends and have realistic expectations, meaning that there would be smoother negotiations and overall a fair deal to be made. They can provide advice to buyers, and offer valuable insights into the properties history, potential renovations that they can make, and offer an extra hand when it comes to decision making.
What Makes a Good Property Developer?:
Track Record – Make sure as a buyer that you are looking for developers with a proven track record or successful projects previously that match with your interests and desires within a property. If you are highly focused on receiving the highest quality property, researching other properties that the developer has worked on will also give you a good idea on their quality of work. Assessing the quality of past construction finishes, design and adherence to deadlines made will all tell you about the developers reputation within the industry.
Community Engagement and Reputation – Consider going to developers that have actively spoken and involved the community within their planning and design processes. This will tell you if the developer is open to any feedback and negativity that they may receive, and also shows how likely they are to respond to tenants’ concerns or maintenance requests. Communication and willingness to highlight any possible community needs and contribution to improving their surrounding area and quality of life in a positive way is highly crucial. Responsive communication can be a desirable quality to stakeholders, and helps to foster trust and collaboration between buyers and owners.
Nevill Developments – Contact Us!
Nevill Developments is a property development company based in Essex that has been in business for many years. It is a family run business and runs on the principles of family values. We believe in our development projects and work hard to ensure they are profitable. To find out more information, email us at info@nevilldevelopments.co.uk. or call us on 01206 700 124.
We look forward to hearing from you!