It is generally agreed that land is a sound long-term investment, but of course there is more in question than a empty piece of land; the value of a property is determined by the "improvements" as well as the intrinsic merits of the vacant land. It is essential therefore to visualize the property as a whole rather than consider its various elements, present and future in isolation.
Without a sound business plan, you'll be unable to find funding for any of your projects. It's important to remember that a business plan is more than a means to money; its also the blueprint of the business and the best way to test whether or not the business is "feasible".
Prepare or ask a "Professional Consultant" to prepare a proper and well-structured business plan.
Be realistic in terms what you can afford.
Plan all your projects in as much detail as possible.
Do not begin construction work until the land has been registered in your name and the building plans been approved.
Undertake a thorough cost analysis before you start ordering any material.
Supervise all construction work very closely.
Be careful not to overpay for work done.
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