If you’re interested in becoming a property developer in South Africa, starting small is a great way to understand the development process. Many people believe that property development is only for the wealthy or experienced investors, but the truth is that it can be accessible to anyone with the right mindset and approach. Starting small allows you to learn the ropes and build your skills, knowledge, and experience gradually, while also minimising the risk and cost involved.
Developing property can create value and generate significant returns, which is why it’s an attractive investment strategy. Unlike other strategies like buy-to-sell or buy-to-let, which focus on accessing or maximising existing value factors, property development involves creating new value by building or renovating properties. This means that you have more control over the outcome and can potentially achieve higher returns, especially in a South African context where there’s a high demand for housing and commercial property.
Our professional team of attorneys at Swemmer and Levin can assist you with various aspects related to property development, such as transfers, contract management, and working with the municipality to finalise transactions. We also provide referrals to professionals involved in the property development process, including contractors, town planners, and architects.
By adopting a strategic and informed approach, you can achieve success in property development and create long-term value for yourself and your community. Contact us for help: [email protected].
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice.