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Unlocking the Power of Property technology in 2023

13/01/2023

Property development and investing is notoriously known for its hard work in finding sites and opportunities that align with your goals. Put simply, you have to kiss a lot of frogs to find a prince!

If you're tired of the endless legwork and uncertainty that comes with finding the right site or property and you're ready to streamline your assessment process and work smarter in 2023, then we have a host of solutions for you. 

If you're a property entrepreneur, professional developer, surveyor or agent you know all too well that finding the right site is crucial to the success of your investments. You buy right, you make money! However, the old process of identifying and assessing potential sites can be seriously time-consuming and always requires vast amounts of legwork.

In this blog, we'll show you how property technology (proptech) has been developed to ensure you easily access essential information, de-risk your purchase and unearth the newest strategies to support your growing portfolio at scale and speed.  

 

Top ten tips for working smarter, not harder

  1. Get access to up-to-date essential information: With the right tools, you can instantly access the information you need to identify sites and quickly shortlist on-profile, off-market sites to scale your property portfolio, without leaving the comfort of your own home. Using online tools gives you the competitive edge of covering more ground online, without the need to jump in your car and waste your time, and even petrol on sites or projects that were never going to work.

  2. De-risk your investments: Effective research can help you de-risk your investments and avoid costly or time-consuming setbacks or vast amounts of wasted time. Using cutting-edge tools and the latest technology to assess sites at scale allows you to remove uncertainty and protect yourself against expensive surprises. 

  3. Explore new strategies: Consider exploring new strategies that could help you realise additional sources of income, such as title splitting with our unique Unbroken Blocks of Flats feature or our Commercial Conversions strategy. Go where you can make money

    💡Did you know: Another strategy that many savvy property entrepreneurs are looking to explore in 2023 is Class MA, which allows the conversion of commercial properties to residential use without the need for planning or paying planning charges. 

  4. Find properties within permitted development rights (PD rights): Circumnavigate complicated and expensive planning permission processes by exploiting properties within permitted development rights that don't require local authority approval. Save time, money and uncertainty.

  5. Stay updated on planning applications: Do your homework and quickly check what planning applications have been approved in your area and consider connecting with the companies or consultants involved.  This gives you access to the “movers and shakers” in a local market, and crucially who to pick up the phone to.

  6. Setup alerts: Set up alerts within property mapping software for sites or areas of interest, so you can stay updated on new opportunities and be the first to make an offer.  Simply “set and forget” and the computers will do all the work for you to identify new projects as soon as they become available.


  7. Prepare for client meetings: For property or land agents, preparation is key to a successful sale. Access the information you need at the click of a button to prepare for client meetings, rather than sifting through multiple websites and data sources.


  8. Locate vacant buildings: Find vacant buildings that would suit demolition and re-building under Class ZA. Even if you are a local property expert and aware of vacant buildings in your vicinity you might not know who owns the buildings. Nimbus Maps can even connect you to the owner by giving you the records with the click of a button.


  9. Maximize your income: Use property technology to help streamline your income by managing your best, highest-value projects, in less time.  Make sure you are prioritising your time focusing on the higher value projects, completing fewer projects with similar fee value in a shorter timeframe. 


  10. Take advantage of free expert resources: Take time out to "sharpen the saw" with free expert webinars or masterclasses, or reach out to customer success teams if you have any questions.

🎯 Bonus Tip: Try to mitigate the impact of inflation by reviewing your overheads and cost base. Don’t forget to check your current subscriptions and platforms you already use, you could get a better property and land mapping tool for less, that has all the features of your combined tools. 

 

Ready to streamline your business?

By using property technology to streamline your site and property finding and assessment process, you can work smarter and more efficiently in 2023. Save money, reduce time and amplify your portfolio all with the right platform at your fingertips. 

Our cutting-edge software has been developed to unlock hidden opportunities, doing the hard work for you.  To learn more about how property technology can help you reach your property goals start your free trial of Nimbus Maps today.

Key reads on the Nimbus Blog

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https://www.nimbusmaps.co.uk/blog/were-attending-ukreiif - https://www.nimbusmaps.co.uk/blog/work-smarter-not-harder