Aspiring property developers and investors looking to create wealth and achieve financial independence often turn to property development as a way to achieve their goals. However, property development can be a risky venture, and it is crucial to take steps to mitigate those risks. In this article, we'll discuss some strategies and techniques that you can use to minimise the risks and increase your chances of success.

Conduct thorough due diligence

One of the most important things you can do to mitigate risk in property development is to conduct thorough due diligence. This involves researching the property and its location, as well as understanding the local market and the regulations that govern property development in that area.

Conducting due diligence can help you identify any potential issues that may impact the success of your investment. For example, you may discover that the property is in a flood-prone area, which could affect the value of the property or make it more diffi...