How to Develop a Reputation of Integrity

June 29 2022

Creating Win-Win Deals in Property- How to Develop a Reputation of Integrity

Investing in property is one of history’s oldest wealth-building strategies. The bricks and mortar that make up the homes we live in also offer the opportunity to build a retirement pot or generate passive monthly cash flow.

The key to investing and developing is not just to do it in a way that makes the most money. The real trick is to build wealth ethically through win-win deals that benefit everyone. By being ethical in your investments, you build a strong reputation for your business. A reputation that will help you to secure more land opportunities and higher levels of investment.

Below are just a few examples of our core beliefs at Bey Perrin. Core beliefs that, if followed, will allow you to develop the same positive reputation as us.

Transparent in every dealing

When offering on a plot of land, many developers throw a figure down without explanation. This might seem reasonable, but the problem with land deals is they are usually overvalued; especially if they’re being sold through an agent. This means that, for a development to be profitable, the figure presented is usually much lower than the asking price. Rather than the landowner being receptive to this figure, they instead feel like they are being undercut.

We believe in transparency. Not just because it is the right ethos to follow, but also because it will help you to avoid situations like this. When we offer on a development site, we present all our figures, including the profit.

Landowners know that you intend to make a profit from the build. If they understand that you need a margin for the project exceeding timescales or the build cost being higher than expected, then they’ll begin to understand their land is not valued as highly as they originally thought. Not many people know how property development works, so educating them bridges the gap and creates understanding.

We replicate this same level of transparency across all our partnerships. By ensuring investors get a fair return on their capital and joint venture partners get a fair slice of the pie, we create mutually beneficial deals that leave everyone satisfied.

Protecting the planet

A huge responsibility rests on the shoulders of developers. It’s the responsibility of building with the planet in mind. This isn’t always convenient, but it is vital. We have a duty to leave the planet a better place for future generations.

Sustainability starts as early as the planning stage. Speak with your architect and look at what changes you can make to your plans to incorporate sustainable materials. For example, can you build a resin driveway instead of standard tarmac? Also, look at what you can add to the design of the property to increase renewable energy. Small additions like solar panels and wind turbines go a long way.

Finally, recycle old buildings rather than build new ones. There is no shortage of abandoned pubs and commercial units that would be perfect for blocks of flats or new houses. Look at how these can be redeveloped to rejuvenate the community.

You can discover more about implementing sustainability in your developments by clicking here.

A developer devoted to building win-win deals

Like bricks and mortar, strong morals and transparency are at the heart of our business. We are proud to say we are a developer with integrity, something that we demonstrate in every home we build.

If you’re a landowner looking to sell or an investor looking for an opportunity, then contact us today. We hold ourselves and our builds to the highest standard, so get in touch today to work with a developer you can trust.