Free articles
Google
Web www.media13.com


Media13.com is a source of free to republish or reprint articles, writers may submit your articles in our database as long so you agree that your article will be freely republish or reprint by other.


Submit Article

Search our database

Received article from us.

Name

Email Address

Friends

Bollywood News
Link building
Article submission service
Freelance Writers
Laser hair removal

We have been looking for freelance writers. Contact us

 


How to Become a Successful Real Estate Developer   by Rhiannon Williamson



Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on…

1)Do Your Location Homework – did you know that through successful and sustained location research professional property investors actually continue to profit during a market down turn? It’s true - whatever the market conditions you can apply their location research approach to your real estate investments and also make consistent profits from property.

Take the necessary time to learn all about a town or city you’re considering for your next property development purchase and discover where the up and coming areas of that town are likely to be. If there are inner-city redevelopment projects planned examine the real estate market in the immediate vicinity, if there are areas that are booming right now examine the immediate neighbouring areas for their potential for future prices rises for example.

Don’t follow the crowd – have the confidence to buck the trend and get ahead of the curve by positioning yourself in a market that is about to boom rather than in one that has already blossomed.

2)Know What You Can Afford – While it can pay to sometimes speculate never be tempted to jeopardise your own home. Work out your finances and be ruthlessly strict about what you can and cannot afford as a down payment, for mortgage costs and for the renovation and redevelopment of your next real estate investment. Only proceed within the confines of your tightly allocated budget and do not be tempted to over extend yourself particularly if competition in the property market is tough and the market is slow or stagnant.

3)Identify Your Target Market – Having identified your next location for property investment identify the types of people who buy into renovated properties in that location. Know who your target market are going to be and what they are likely to look for in a property in that location. If for example you’re examining inner-city spaces you might identify that your buyers will be young single professionals and that the ideal property type for these people will be luxury low maintenance apartments – seek out suitable properties with the potential for redevelopment into luxury low maintenance apartments and you will fulfil your target market’s brief…seek out large houses with substantial gardens in the area and you will have totally missed the market and potentially created a property that will not sell!

4)Renovation Not Rebuild – Know your budget limits and your personal skill restrictions. Do not consider taking on a property that is in need of a complete structural overhaul when your budget is tight or you do not personally have the time, skills or inclination to do the structural work yourself. Be realistic about what you and your budget can achieve and seek properties that fulfil that brief. Pay to have an independent and complete survey done on any property you are seriously considering buying before making a down payment to ensure that there are no hidden surprises waiting for you beneath the floorboards to eat up your budget in its entirety.

5)Manage Your Budget – With your survey in hand you can approach builders for quotations and seek out prices for fixtures, fittings, finishings and furnishings. Take the prices quoted and sourced and build your budget. Factor in ongoing mortgage and service costs and labour costs as well as your findings and structure and allocate your money accordingly. Watch every single spend and be ruthlessly strict with yourself and your builder. If at all possible have your builder commit to a contract with fixed finish dates and fees and stay on top of every single penny or cent every single day. At the end of each week tally up your outgoings and expenditure and ensure you’re not exceeding your budget. If you’re overspending rein it in or you will have to shave it off other areas of the development. Remember never to scrimp and save on finishing touches and always give yourself a realistic fall back fund in case of emergencies.

6)Appeal To The Widest Market – Forget putting your personal stamp on any property you develop – YOU are not going to be living in the property! You should already have identified your target market which will give you a good idea of the level and quality of finish expected, now meet those expectations without adding your own personal taste into the equation. By appealing to the widest market or the lowest common denominator your property will be attractive to the majority of buyers making it faster and easier to sell on and profit from.

7)Make Friends With A Real Estate Agent – Your greatest ally when developing property will be your real estate agent. Make friends with these guys and you will build a beautiful and successful symbiotic relationship in which you both profit to the maximum! Real estate agents are a fountain of untapped knowledge about the local market, who is looking for what property in which area, which additional features cost little to add but which push up the asking price and what a buyer expects from your particular property type. Get the facts from your real estate agent and then apply their advice. You will create a property they can market for top dollar and to the widest market – you will make more profit and they will make a bigger commission ensuring a beautiful and lasting friendship!

Finally, remember that when you’ve bought, renovated and sold on you’ll be looking for that next property opportunity and any real estate agent who you’ve worked well with will be on the hunt for suitable real estate for your next investment making any subsequent purchases that much easier to source.

Author Info:

Rhiannon Williamson is a freelance writer whose many articles about international property and investing in real estate abroad have appeared in publications around the world. Visit this link to read her latest articles about
Property in Dubai


Latest 20 articles

Most Common California Overtime Law Violations – Find Out Now! Before discussing the California overtime law, it’s important to know who is eligible to receive overtime. There are two types of employees: “exempt” and “non-exempt”. Exempt employees are often referred to as salaried employees and non- exempt employees are often referred to as hourly employees. However, an employee may be salaried and still be considered non-exempt and entitled to overtime. Exem

Attention IT Pros: The California New Overtime Law – What’s the Impact? California overtime laws were created to protect the California workforce and ensure an employee’s standard of living with a reasonable work week schedule. In keeping with this “reasonable” work week concept, there were also strict guidelines for California overtime wages established to protect California employees. In general, under California overtime laws, if a non-exempt employee works more th

Lush Lawns, The professional Way Are you one of those people who give more importance to internal beauty that superficial appearance? Well, while it may be a good thought talking so about individuals, when it comes to your abode the idea needs correction. Picture this. Your new house looks beautiful complete with the designed interiors and great furniture, but the area outside is nothing but an eyesore. It will definitely kill th

Discipline Your Pet in a Ziffy We all love pets, don’t we? Having a pet is therapeutic; it not only entertains and alleviates worries but also makes up for a very good companion. Playing with the pet is soothing and scientists vouch for the unlimited benefits, both physical and psychological a human receives by being with a pet. Having a pet teaches the children the virtues of caring and sharing, and instills in them a sens

Underground fencing to keep your Pet In A pet is a cute addition to a family and brings about a new zeal to life. Playing with the pet is one of the biggest stress busters, and alleviates worries like nothing else. It also makes up for a good and faithful companion along with doubling up as a playmate for the kids. However, just as the pet brings joy and happiness to our lives, we must also ensure that it is taken care of. Keeping a pe

Train Your Dog the way Vets recommend Pets are perhaps one of the most cherished companions by kids and adults alike. They are not just cute but also therapeutic for the nerve-calming effect they have on people. The safety factor that a pet such as dog provides cannot be overlooked. Pets are selfless creatures; however keeping one requires maintenance and keeping up to the regime to keep the pet healthy and safe. This is because when

Dog Trainer in Your Lawn! Are you one of those proud pet owners who can go any lengths to ensure the safety and well being of your pet? If you own a pet you must be concerned about its health and lifestyle. Having a pet can bring about positive changes in the lives of the family members, but it also becomes the responsibility of the owners to look after the needs of the pet. Many pet owners commit the mistake of keeping th

Dog Trainer in Your Lawn! Are you one of those proud pet owners who can go any lengths to ensure the safety and well being of your pet? If you own a pet you must be concerned about its health and lifestyle. Having a pet can bring about positive changes in the lives of the family members, but it also becomes the responsibility of the owners to look after the needs of the pet. Many pet owners commit the mistake of keeping th

California Employee Break Laws: Know Your Rights! All over the United States, as well as in the State of California, Americans began developing labor laws during the industrial age to set standards of what was acceptable in the work place. During this time in our country, child labor and 16 hour days without breaks were commonplace. As time progressed, workers began to stand up for their rights in their workplace, fostering the progress that has

California Exemptions: Are you REALLY Exempt from Overtime Pay? One of the most common and often expensive mistakes an employer can make is to misclassify their employees as being exempt from overtime, if they are, in fact, non exempt employees by law. Exempt employees are often referred to as salaried employees and in very basic terms it means that the employee is therefore is not eligible for overtime. California labor law addresses what criteria are necess

Pet Stuff Warehouse - Your home for all your pet supplies Dogs are a joy to have at home. It feels so good to come home to a cute little fur ball who loves you unconditionally and asks so little in return. Playing with our dogs is not only fun, but it also eases the stress of the day and makes us feel happier. But besides being fun to play with, a pet dog is also our responsibility and it is your duty as his owner to provide him with best possible car

When You Need California Brain Injury Lawyers: SUV Rollovers and Truck Crashes! It is well known fact that California has a substantial amount of traffic and that motor vehicle accidents occur daily. What might not come to mind immediately is that a good portion of those accidents involve SUV’s and Big Rig trucks. These SUV crashes or truck crashes often times result in injury. The NHTSA reported that there were 5,987,000 non fatal accidents in 2007; of which 2,491,000 of tho

IRS Offer in Compromise – Can It Solve Your IRS Tax Debt Problems? Taking on IRS tax debt is a daunting task that presents many confusing issues. The majority of taxpayers are aware of the option to pay their IRS tax debt in full or pay the tax debt in monthly payments or installments. But there is another option, the IRS “Offer in Compromise.” Knowing the steps to success with an IRS Offer in Compromise, also commonly called IRS tax settlement is important, bec

IRS Tax Debt Settlement Help – When You Need Expert Tax Debt Help With the recent downturn in the economy, Americans find themselves not only facing unsecured credit card debt problems, and difficulties handling their home and vehicle loans, but oftentimes unable to pay their IRS taxes in a timely manner. There is IRS tax debt help available to anyone who finds they owe money for back income taxes to the Internal Revenue Service. The federal government offers

Hidden Dog Fence for your dog Almost everyone who has a pet at home knows value of added exercise and the troublesome task of confining him within the boundaries of their own property. This task is especially difficult with dogs as they take it as a personal challenge to try and defy the fence boundaries. However, you can train your dog to respect his boundaries with the help of an invisible, underground wired dog fence /

Top Dog Containment Solution to make you Worry Free Is your dog driving you crazy? Are you sick of listening to your neighbors’ complaints about your dog running around in their yard? Then you are not alone; almost every pet owner suffers with this problem. Often they confine their dogs to the house due to fears that their dog may wander away. This is a valid fear, as dogs, especially the ones who are new to the house or have not been trained prope

Outdoor Services in Virginia A front lawn is the face of a house and no matter how beautifully you have decorated your house, if your lawn is not beautiful then all your efforts will be useless. It is very important to take care of your lawn because, as it is said, “the first impression is the last impression”. For most people, lawn care is a very tedious task. Most people don’t have the time or energy to spend hours in th

Hidden Dog Fence – Perfect Dog Containment Solution Does your dog refuse to listen to you? Are you tired of telling your dog to not go outside the confines of your house? Does chaining or locking up your dog makes you feel guilty? Is your dog ruining the interior of your house because you cannot let him go in the yard because you are afraid to let him out? Then stop worrying! The perfect solution for all these problems is here. There is a pet co

Debt Settlement: Your Bankruptcy Alternative? There are several different paths you can travel to achieve effective credit card debt reduction and pursue living a debt free life. The method which will be covered here is called debt settlement, and there are numerous debt settlement services to choose from if you determine this is the “debt recovery path” you are going to take. Credit card debt settlement is a credit card debt reduction solu

Los Angeles Brain Injury Lawyers Assist California Motorcycle Accidents Victims Last year over 6,686,147 motorcycles were registered within the United States and the number of registrants has been steadily increasing by at least 7% each year since 2003 according to the NHTSA. Consequently the NHTSA also reported that nation wide last year there were 103,000 motorcycle injuries that did not result in a fatality and California has the second highest motorcycle fatality rate in

Categories
Acne
Advertising
Advice
Aerobics-Cardio
Affiliate Programs
Alternative
Arts
Attraction
Auctions
Audio-Streaming
Autos
Awards
Babies-Toddler
Beauty
Blogging-RSS
Book-Marketing
Branding
Breast-Cervical-Ovarian-Cancer
Broadband-Internet
Build-Muscle
Business
Cancer
Careers-Employment
Casino-Gambling
CGI
Coaching
Coffee
College-University
Colon-Rectal-Cancer
Communications
Computers
Cooking-Tips
Copywriting
Crafts-Hobbies
Creativity
Credit
Cruising-Sailing
CSS
Currency-Trading
Customer-Service
Dating
Debt-Consolidation
Debt-Relief
DHTML
Diabetes
Direct Mail
Divorce
Domain Names
EBooks
ECommerce
Education
Elder-Care
Email-Marketing
Email Entertainment
Entrepreneurialism
Environment
Exercise
Ezine-Marketing
Ezine-Publishing
Family
Finance
Fishing
Fitness
Food
Free
Games
Gardening
Goal-Setting
Golf
Government
Grief-Loss
Hair-Loss
Happiness
Hardware
Health
Hobbies
Holidays
Home-Security
Homes
Home Business
Home Repair
HTML
Humanities
Humor
Innovation
Inspirational
Interior-Decorating
Internet-Marketing
Javascript
Kids And Teens
Landscaping-Gardening
Law
Leadership
Leases-Leasing
Legal
Leukemia
Link Popularity
Loans
Lung-Cancer
Lymphoma-Cancer
Management
Marketing
Marriage-Wedding
Martial-Arts
Medicine
Meditation
Men's-Issues
Metaphysical
MLM
Mobile-Cell-Phone
Mortgage-Refinance
Motivational
Multimedia
Music
Negotiation
Network-Marketing
Networking
News-and-Society
Newsletters
Nutrition
Off-Line Promotion
Online Business
Online Promotion
Organizing
Other
Outdoors
Page Rank
Parenting
Personal-Tech
Pets
Photography
Podcasting
Poetry
Politics
Positive-Attitude
PPC-Advertising
Presentation
Prostate-Cancer
Psychology
Public-Speaking
Publishing
Real-Estate
Recipes
Recreation
Reference
Relationships
Religion
Sales
Sales-Management
Sales-Teleselling
Sales-Training
Satellite-Radio
Satellite-TV
Scams
Science
Security
Self Help
Self Improvement
Sexuality
SE Optimization SE Positioning
SE Tactics
Shopping
Site-Promotion
Site Security
Skin-Cancer
Small-Business
Social Issues
Society
Software
Spam
Spirituality
Sports
Stocks-Mutual-Funds
Strategic-Planning
Stress-Management
Structured-Settlements
Success
Supplements
Taxes
Team-Building
Technology
Teleseminars
Time-Management
Traffic-Building
Traffic Analysis
Travel
Uterine-Cancer
Vacation-Rentals
Video-Conferencing
Video-Streaming
Viral Marketing
VOIP
Web-Development
Webmasters
Web Design
Web Hosting
Weight Loss
Wine-Spirits
Women
Writing
Yoga

Copyright © media13.Com  2005. All Rights Reserved.

Sources : SEO India - Internet web directory