Are you ready to turn your property dreams into reality? Nave Living’s Understanding Newbuild course is your perfect starting point. This one-day, entry-level course is ideal for anyone eager to learn the fundamentals of property development, whether you’re looking to build your own dream home, start a self-build project, or dive into property development for sale or rental.

Throughout the day, you will explore essential topics such as setting up a limited company, understanding shareholder contribution agreements, the formation of Special Purpose Vehicles (SPVs), and how to effectively raise finance for your project. Practical templates and resources will be provided to ensure you leave feeling fully equipped to embark on your development journey.

What We Offer

• Understanding Newbuild - 1-Day Entry-Level Course

The Nave Living presents the following course:

Understanding Newbuild - Entry Level Course

Overview:

This 1-day entry-level course provides an introduction to newbuild properties. It offers an overview of what’s needed to take your first steps into newbuild projects. Whether you’re planning your own self-build dream home or looking to purchase a development to buy, finance, build, and sell or rent, this course will guide you.

The day will cover the following sections and provide you with essential templates and literature to support your journey.

Formation of the Company

• Setting up a Limited Company: Learn how to set up a limited company online and the pros/cons of doing it yourself versus hiring an accountant.
• Shareholders Contribution Agreements: Understand why these agreements are important and how to set them up.
• Articles of Association: Learn about these key documents that form the foundation of a company.
• Special Purpose Vehicles (SPVs): What they are and why you might need them for your project.
• Forming a Group: Understand the benefits of forming a property group.

The Beginning Journey

• Finding Your First Site: Learn the steps to look for a development site, how to make offers, and how to create a full set of Heads of Terms (HOTs).
• Commercial Property & Mixed-Use Developments: Understand the differences and the advantages/risks of mixing property types.
• Choosing the Right Development: A brainstorming session to explore options available to you.

The Numbers

We’ll dive deep into the components that make up the numbers in property development:

• Budgeting for Build Costs: Learn how to create a full appraisal document, broken down into key sections.

Acquisition Debt

• Land: Budgeting for land acquisition.
• Legal Fees & Bank Fees: Understand these essential costs.
• CIL / S106: What these fees mean for your project.
• Stamp Duty (SDLT): How to calculate and budget for stamp duty.

Development Debt

• Investigative Opening-Up Works: Learn the costs of early-stage assessments.
• Construction Build Costs: Budgeting for building expenses.
• Incoming Services: Electric, water, phone, and internet connections.
• Contingency for Build Costs: A 7.5%-10% contingency to cover unexpected costs.

Lender Fees

• Valuers: Fees for bank representatives.
• Monitoring Surveyors: Initial reports and valuations.
• Commitment Fee: Understand this cost.
• Redemption Fee: What it is and how it affects your budget.
• Interest: How to plan for interest costs.
• Broker & Legal Fees: The costs of brokers and legal work.

Professional Fees

• Architectural, Structural, Mechanical & Electrical: Costs for key professionals in the development process.
• Project Manager, CA & QS: The roles and fees of project managers, contract administrators, and quantity surveyors.
• Principal Designer (CDM): Why this professional is crucial.
• Party Wall (BO’s Surveyor): Understanding costs related to party wall agreements.
• Building Regulations, Energy Tests, and Other Surveys: Budgeting for tests, certifications, and regulations.
• Health & Safety & Sales/Marketing: What you need to consider for safety and project promotion.

Funding

• How to Raise Funding: Explore your funding options and how to choose the right one.
• Funding Process: Learn how funding works and what you’ll need to provide.
• Working with Brokers and Banks: What to ask for and how to prepare the right paperwork.
• Calculating Capital Needs: How to determine the amount of capital required for your project.
• Understanding Bank’s View: Learn how to approach financing from a bank’s perspective.

This course offers a comprehensive introduction to the world of newbuilds and provides all the essential tools and knowledge for your first property development project.

Why You Should Grab This Offer

Nave Living’s Understanding Newbuild course is the perfect introduction for anyone interested in property development. Whether you’re a complete beginner or just need a structured starting point, this course will arm you with the knowledge and confidence you need to make your property development dreams come true. The expert-led session covers everything from company formation to financing, ensuring that you’re not only prepared for your first project but inspired to continue down the path of success.