Property Development ? Town Houses

Town houses are houses in towns that are normally designed with space in mind. These are usually houses that are attached on either side and are very similar to other homes in the row. Usually they will be quite tall and will have two or three stories and this makes them perfect for fitting lots of homes onto a single road. This is most useful of course for those who want to make money from land, or from councils that are trying to fit the maximum populace into the small space. This in turn makes it ideal for those who want to live in crowded towns which is highly convenient as these areas are often so densely populated. This is highly convenient for a range of tenants and home owners as it gives them a very short commute to work first and foremost. At the same time though it also enables them to easily get into town for the vast range of amenities and entertainment on offer there. Those living in town houses will be able to very easily go on nights out and have a few drinks and easily come home without getting a taxi, while meanwhile they will be able to easily go to town to get shopping and other items as well.

 For property development town houses are the perfect opportunity and potentially a gold mine. This is because they enable you to fit the maximum number of people into the smallest amount of land, while at the same time it is highly attractive to tenants and will be easy to make money from.

 Of course to make a profit from town houses you will need to somehow increase their value and there are many ways you can do this. Of course you could build town houses yourself after buying raw land. Although this would a lot of work and would be a full-time job, it would also be potentially the most profitable whether you opted to sell or rent the properties and you could this way make some of the most sales for the amount of space.

 Alternatively you can buy and renovate town houses. As they are relatively inexpensive and due to their popular locations it is possible to find town houses that are not kept in great condition. Even though their location and their practicality is very good, they have been abused and have gone down in value as well. Thus if you were to purchase town houses in this condition you could make a very good profit by renovating them or adding rooms.

 Another option is to convert a single town house into more smaller flats. The obvious way to do this would be to split the floors so that one resident had two floors and another had one (or you could share the third floor). If you built in two entrances then you would be able to rent this out to two people or two families even though you only bought one property initially – and you’d make nearly twice the profit.