Before even planning for a property development project one need to do the feasibility study. Without a feasibility study it would be like groping in the dark without any knowledge of the path that needs to be taken to reach a particular destination. Feasibility study involves the analysis of the demand and competition along with the chances of the success of the project in he long run.

1. BRIAN LINNEKENS SUGGESTIONS ON PROPERTY DEVELOPMENT
Risk is a part and parcel of life be it a decision in personal or professional life one needs
to take a risk to proceed ahead in life. There have been instances where people have
taken big risks and gained rich benefits out of those risks. People who are averse to
take risks generally remain stagnant at one position and close all doors for progress
for themselves and the organization they are involved with. Calculated risks are the
ones that will take one to new heights of success. According to Brian Linnekens while
dealing in property development one needs to have extensive knowledge about the
business, locality and people residing in that locality along with the prospective
customers that are going to form the ultimate owners once the property is developed.
Brian Linnekens suggests to rookie developers that they should go through quality
property development books and texts that they can lay their hands on so that they
have comprehensive knowledge about the subject and are not caught in the pitfalls
that often come in the way of a new property developer. One should also attend
workshops that are conducted by authority property developers. If one is not really
confident enough to manage his own projects at the first go he should work as an
intern with an experienced property consultant till he gains the confidence to work on
his own on individual projects.

2. One should be able to calculate the residual value of a property or site that one is
going to develop. A residual value is calculated by subtracting all the projected
expenses of the project from the project's gross revenue. This calculation will come
handy while you are paying for the development site. This calculation will ensure that
you stick to your budget and do not overpay for the development site.
You will find many developers in the market who specialize in purchasing, developing
and selling out lemon properties. One should be very careful while buying these
properties as these properties may prove to be a trap even for the most seasoned
property developer. One needs to spend time and resources while developing a
lemon property. It is always advisable to spend time rather than see your investment
go down the drain at a later stage. A Property Developer should always take care that
he sticks to the budget that he has fixed for the various components in developing
the property. The construction work should be of high quality and should not look
shoddy.
To know more about Brian Linnekens and his property Development feel free to visit :
http://www.gidevelopmentinc.com