The Property by Kazy Podcast
The Property By Kazy Podcast EP16 l Is Planning Gain The Rent 2 Rent of Property Development?
May 12, 2022
Explore the intriguing concept of planning gain in property development, revealing how it can increase land value without construction. Dive into the essential strategies for securing deals and navigating planning costs that can reach around £25,000. Discover the dual role of social media as a marketing powerhouse and a networking tool in the industry. Learn about the importance of communication and negotiation skills, and how mentorship can guide aspiring developers toward success in real estate.
40:38
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Quick takeaways
- Planning gain allows developers to enhance property value through improved permissions without the necessity of constructing buildings.
- Effective communication remains crucial in property dealings, although younger generations may face challenges due to reliance on digital communication methods.
Deep dives
The Planning Game Explained
Planning gain refers to the process of purchasing property either with or without planning permission and subsequently enhancing its value through acquiring better planning permissions. This approach allows property developers to increase the value of a site, exemplified by converting more basic properties, like three-bedroom homes, into more substantial living spaces such as five-bedroom houses with loft extensions. The increase in value becomes evident when comparing the site's worth as undeveloped land versus its potential value after improved planning permissions are secured. By successfully navigating planning permissions, developers can unlock significant financial benefits in property development.
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