Common Myths About Property Development

The reality of development is spreadsheets, permits, and patience. The myths are what get people into trouble.

Myth: you make your money when you sell

You make it when you buy. Overpay at the start and no amount of clever finishing will rescue the margin at the end.

Timelines slip. Build the slippage into your plan rather than pretending you will be the exception.

Myth: the cheapest contractor saves you money

Cheap quotes hide expensive change orders. A fair price from someone reliable is almost always the lower number once the dust settles.

Treat contingency not as optional padding but as a line item you will probably need.