Just because you can, doesn't mean you should.
Updated: Nov 25, 2021
I think I shall claim this quote!
I find myself saying it almost weekly at the moment to developers. Here’s the scenario:
They’ll present a project, which by (almost) all appearances is a ‘decent’ project. It’s a ‘decent’ project with a ‘decent’ return.
But then we look PROPERLY at the potential headaches. Or I do.
And that ‘decent’… isn’t even a ‘decent’ anymore 😐
And then there’s my question. Why go to all that effort, when not only are the returns not extraordinary, but there could be all those issues to overcome.
All that #risk. My favourite four-letter word 😂
Sure it’s a work-around. We all do the work-around in property. BUT, pardon my French, why bother? 🤔
Just because you can ‘make something work’ doesn’t mean it’s actually worth the effort. I'd rather have a little less return for a LOT less risk.
I think the reason a lot of developers try to plug those sorts of projects is that they haven’t fully looked at what’s out there. They’ve found something, and got focused only on the possibilities. In my experience, you can find a better project profile for that return.
👆Either it’s easier, or for that risk, your return has to be better. It’s that simple. ⚖️
Avoid this middle ground, it’s not rewarding.
Again, just because you can, doesn’t mean you should.
Catch the projects that were more than 'decent' airing now on Property Elevator - Sky PropertyTV 198