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The Alternatives to property or land Value

Interurban would expect land and property owners to consider the alternatives when trying to realise the value of property or land. Traditionally this could entail: –  Seek planning permission directly. Seeking planning permission is extremely costly, time-consuming and can fail without experience of the process and understanding the pitfalls.  Approach a builder. The majority of small to mid-sized professional building firms do not have in-house planning teams in place and generally prefer to purchase land with planning consent in place. This is often due to the uncertainty that governs the planning process in addition to the cost and time constraints involved. This is well documented in the Federation of Master Builders publication ‘Delivering More Homes Through Small Sites: Small is Beautiful’. Whilst purchasing sites without planning may not be ruled out by a builder, most will require a suitable discount to factor in the associated risks and any costs of enhancement in line with their needs. Interurban always tries to frame promotion offers in a way where it meets the expectations of all parties to create a ‘win – win’ situation. Time will always be provided to give you and any co-owners time to consider the proposal and engage in your own due diligence. It is appreciated that this may involve seeking independent legal and tax advice depending on the contract type and scale of the development site. Interurban is always flexible in accommodating owner’s specific requirements into any contract. In line with codes of conduct set by the RTPI and the RICS Interurban Developments Ltd will only progress with chargeable works once all parties involved are comfortable moving forward and term of engagement have been confirmed. Interurban can then begin work on the formal application process.

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