What is a Successful Real Estate Development?
A real estate development consists of the management of resources, as well as the coordination of activities involved in the creation of a good property. Real estate developers, including Abraham Leser share the main objective to find and satisfy people’s need for housing.
In this
article, real estate developer Abraham Leser will delve deeper into the subject and
explain in the following paragraphs what the objective of a real estate
development is and which development can be considered a successful
development.
What is the objective of a Real Estate Development?
Some of the
main objectives of a real estate development include, but are not limited to: location,
payment or financing facilities, essential services.
Abraham
Leser specifies that all these activities carry risk in every way:
unsuitable land, construction restrictions, interest rates, construction costs,
project financing, etc.
Therefore, these objectives
are not easy to achieve and many times the projects are not realized as planned.
That is why Leser, who is an experienced real estate developer, presents below the characteristics of a successful real estate development.
Successful Real Estate Development
Precise feasibility studies: Carrying out the feasibility
studies with precision is of utmost importance. All the activities carried out provide
the necessary tools for correct decision-making and at the same time they help
determine if the project will be viable and successful, know the target market,
as well as the characteristics that the real estate development should have.
Leser indicates
that among the essential studies that must be carried out are those of:
market, Financial, feasibility of the land and environmental impact.
Contract negotiation / financing: By having an advanced
architectural design and project, the contract and financing negotiation phase
can be started.
According
to Leser, it is in this step where many projects fail to see the light,
because of the
obstacles such as waiting times and bureaucratic procedures.
Correct Administration of the Property: At this stage of a real estate development, it is sought that the property is kept in optimal conditions to provide excellent service to its inhabitants and extend the life of the property.
In order to achieve this, Abraham Leser claims that it is important that a company in
charge of managing the property, hire operational personnel for maintenance.
This post does a fantastic job outlining the qualities that define a successful real estate entrepreneur—vision, resilience, market knowledge, and the ability to build strong relationships. Your insights provide great value to both aspiring and experienced professionals looking to grow in this dynamic industry. It’s clear that success isn’t just about numbers, but also about mindset and strategy. Similarly, R for Remodelers applies these principles in the remodeling space, transforming homes with expert craftsmanship and a client-first approach. Thanks for the inspiring and informative read!
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