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In case you haven't noticed, real estate is kind of a big deal.
Just think about it – where would we all be without homes to shelter us, shops to buy our groceries, or offices to work in? Pretty much nowhere, that's where.
And when it comes to real estate development, things get even more interesting. After all, it's the developers who are responsible for creating all these places we call "homes" and "offices".
But what exactly is real estate development?
I struggle to find other job description as varied as a "Developer".
Development ranges from the acquisition, renovation, and re-lease of existing buildings to... Buying raw land, carving it and and the sale of parcels to others. Developers convert ideas on paper into real property. Because developers are responsible for the success or failure of a property, they typically take the most risks. And as with any value skew they can receive the greatest rewards.
Real estate development is a process. It is planning, designing, financing, constructing, and managing of real estate. In other words, it's the business of creating homes, shops, warehouses and offices.
There are a lot of different challenges that come with this line of work. For example, developers need to be well-versed in a variety of areas, including construction, law, finance, and marketing. They also need to be able to think on their feet, as the market for real estate can be very volatile. The approval and construction time is long and can crest a market cycle!
Different developers focus on different areas of real estate. Some specialize in residential development, while others focus on commercial or industrial projects. There are also developers who work on a mix of projects, or who simply dabble in a bit of everything.
Whatever their focus may be, one thing is for sure: real estate developers are essential to the success of our communities.
Here I give you a 7 Steps on How to Become a Real Estate Developer. For $9.99 you get this course. But wait, there is more! ...
If you have been on this forum for more than a minute, you know I lied about the course or the exact 7 steps. There is no such thing as a "follow these steps" recipe in business and RE Development is no exception. Instead of expecting a course, you can...
The process:
Like any business, there have been books written. Volumes of books on various parts of the process. I'll do my best to answer questions.
For more info on me and what I do, please listen to @Kak Kyle Keegan Radio show.
All questions here are welcome here.
Just think about it – where would we all be without homes to shelter us, shops to buy our groceries, or offices to work in? Pretty much nowhere, that's where.
And when it comes to real estate development, things get even more interesting. After all, it's the developers who are responsible for creating all these places we call "homes" and "offices".
But what exactly is real estate development?
I struggle to find other job description as varied as a "Developer".
Development ranges from the acquisition, renovation, and re-lease of existing buildings to... Buying raw land, carving it and and the sale of parcels to others. Developers convert ideas on paper into real property. Because developers are responsible for the success or failure of a property, they typically take the most risks. And as with any value skew they can receive the greatest rewards.
Real estate development is a process. It is planning, designing, financing, constructing, and managing of real estate. In other words, it's the business of creating homes, shops, warehouses and offices.
There are a lot of different challenges that come with this line of work. For example, developers need to be well-versed in a variety of areas, including construction, law, finance, and marketing. They also need to be able to think on their feet, as the market for real estate can be very volatile. The approval and construction time is long and can crest a market cycle!
Different developers focus on different areas of real estate. Some specialize in residential development, while others focus on commercial or industrial projects. There are also developers who work on a mix of projects, or who simply dabble in a bit of everything.
Whatever their focus may be, one thing is for sure: real estate developers are essential to the success of our communities.
Here I give you a 7 Steps on How to Become a Real Estate Developer. For $9.99 you get this course. But wait, there is more! ...
If you have been on this forum for more than a minute, you know I lied about the course or the exact 7 steps. There is no such thing as a "follow these steps" recipe in business and RE Development is no exception. Instead of expecting a course, you can...
Ask me anything on RE Development.
The real estate industry is divided into: residential, office, commercial, industrial, and land. I will answer questions about: residential (rental and condo), office and industrial.The process:
- site acquisition,
- regulatory approvals,
- market analysis,
- design and planning,
- construction and development financing,
- joint ventures,
- construction,
- marketing and sales.
Like any business, there have been books written. Volumes of books on various parts of the process. I'll do my best to answer questions.
For more info on me and what I do, please listen to @Kak Kyle Keegan Radio show.
All questions here are welcome here.
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