Property Sourcing Costs Guide

First-Year Costs of a Property Sourcing Business

To get your business up and running and compliant in the first year, expect costs to run at approximately £2,300. Here’s what these costs typically include:

• Compliance: Ensuring you meet all legal requirements for operating within the property sourcing industry.
• Registration Costs (e.g., joining the required redress schemes or obtaining necessary certifications).
• Insurance: Protecting your business and clients.
• Professional Fees (e.g., consultancy or legal advice as needed).

This figure provides the baseline for creating a compliant property sourcing business and does not include optional costs like marketing tools or advanced software solutions. However, it ensures you’re fully set up to start operating right away without risking non-compliance.

Annual Costs After Year One

Once your business is up and running, year-on-year costs drop to around £1,100. These ongoing costs typically include:

• Maintaining compliance registrations and certifications.
• Insurance renewals.
• Basic operational expenses.

By fully understanding these costs, you can better budget for business operations and focus on growing your enterprise.

Take the Next Step with Confidence

Understanding the costs is just one part of the equation. To guide you through the entire setup process, we’ve developed the Setup to Success Course. This comprehensive training will:

• Help you master compliance requirements.
• Provide actionable strategies for building a professional and profitable business.
• Teach you how to avoid common pitfalls as a new property sourcer.

Don’t leave your success to chance. Click below to get started and make your sourcing business both compliant and profitable.

View Our Setup to Success Course

Control your setup costs, build with confidence, and set your business on the path to long-term growth.