Professional property development consultants work directly with clients to develop effective real estate projects that add long-term value to their client’s portfolio.
They help manage the complete real estate development process. Here are four key benefits of hiring a property development consultant:
They help in project management
Property development consultants not only offer their expert advice to investors but also take responsibility for managing the development process. Some of the key responsibilities they assume include:
- Assist with project design
- Assist during the negotiations of property acquisition
- Coordinate procurement method
- Manage construction contract
- Prepare marketing materials
- Supervising the concept plans and preparation of development program
They help in managing financial matters
The entire premise of developing a property is to generate revenues and earn profits. Hence, it’s important that financials are sorted before the inception of the project.
Rather than dealing with accountants, financial experts, and tax lawyers separately, hiring a property development consultant can be a much better choice.
They can make the process much easier and simpler. Using their experience and understanding of the market, they can draw reliable financials to help you develop a successful project.
Common financial tasks that they perform include creating an assessment using ROI and other financial formulas, preparing accounts for the project costs, and planning capital and operating cost budgets, among others.
They assist in maintaining legal compliance
There are several laws and regulations applicable when developing an investment property. Moreover, councils, town planners, surveyors, and other people involved in the project can create a bureaucratic wall, making things challenging.
A consultant deals with all these professionals and helps you navigate through all the legal complexities and ensure that you remain compliant and your property development goes smoothly.
They also assist with zoning approvals and preparation of applications for government assistance if needed. Basically, they ensure that you have all the legal permits to ensure complete compliance, which can potentially save you from hefty fines and penalties.
They help in selling or leasing your property
After your property is developed, they help you sell or lease your property. Using their expertise, they also promote your property in the right market and help you get the maximum value for your investment.
Looking to hire property development consultant services in Brooklyn, NY? Get in touch with KH Consultants. We offer professional property development services, helping our clients develop their investments with complete peace of mind. To learn more, give us a call at (347) 987-4063 or visit our website.