Residential Property Business Opportunities that You Can Try
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However, despite the countless advantages of this line of business, not all of them can run lens without risk or failure. Still, need careful planning as well as have a nice trick in this residential property business.
Residential Property Of Business Advantage
In addition to very minimal risk, business opportunities housing properties will also provide several advantages.
The Increase In Profit Each Year
It has certainly been widely known that land prices will increase each year. This certainly will also affect the value of the buildings standing on such land.
This is because the amount of human hand in hand will continue to experience increased. While the amount of land will not be incremented. That's what makes the land will increase in the price of each year.
If you want to gain a lot of advantages, you get housing and investment property for sale within the next few years. Of course, you will gain a considerable profit.
As an investment with a long period of time
When compared to other forms of investment in residential property, capable of giving a profit of difference between the selling price and the purchase price, with a period of around 3 to 5 years.
Into Fixed Income Per Year
In addition to selling the property, you can also rent it. So every year, you will earn a fixed income or even continue to increase.
How To Start A Business Without Capital Housing Properties
Diligent Search For Information
The first way that you should do when starting a business with residential property find as much information as possible about the field.
You can do it with the streets around the location of the residence to get info about housing that is being sold. This is the easiest step to exploit business opportunities housing property without capital.
In addition to doing manual steps above, you can also find information about the residential property through ads placed in print media or the Internet.
Another way which is also not less useful with frequent-often establish communication with citizens around the location of your residence. Dig up the information about houses that much desired consumers, both in terms of price or location.
Strained relations of good cooperation with the seller
Once you get information about housing that is being sold, the next step could be done in a relationship that is good cooperation with the seller.
A good relationship with each other as well as with the seller, then you will not encounter obstacles when undergoing the process of transactions of residential property business.
As an initial step in a live collaboration with each other openly, you should come clean about a nominal Commission. Don't shut yourself if you want to receive a Commission when there is a successful company property for sale.
In addition, with an open attitude and a good cooperation relationship, then a sense of suspicion and dishonesty will not happen. So, it's good when you make an agreement in writing.
In a relationship of cooperation with Developers
In addition to looking for a residential property information directly as well as through a variety of print media and the Internet, you can also establish a relationship of cooperation with the developer.
This will be very helpful for you when you want to get very accurate information about the objects of housing with a strategic location, housing prices, offer nominal discounts offered, and a variety of other interesting and important information.
Give More Confidence To Investors
The target of the residential property business is indeed not only to consumers who want to have the property object in the number of units and serve as a place to live but also those who want to make investments in that field.
Therefore, as a businessman in the field of residential property, you should be able to establish cooperation with the investor as well as a convincing advantage of the provided object.
Start Doing The Promotion
The next step you can do business while undergoing a residential property that is doing a promotion. The most quickly and effectively is by making use of Internet media or put ads in newspapers, magazines, and so on.
However, it is strongly recommended for you to utilize the Internet as a medium of promotion, either through the website, blog, or various social networks. That way, you can reach potential buyers with a wider coverage.
To make the promotion, you should expose the property object, to be honest. Identify the key points, both in the advantages as well as disadvantages. Don't forget to include photos of the original housing objects and complete to further convince the prospective consumers.
Lastly, the contact person listed should only belong to you, not the contact the seller or landlord. That way, you will more easily weave together buy and sell transaction the buyer, with the agreed price.
Avoid setting the Nominal rates are too high
If you are running a residential property business without capital, of the action that can be taken is to sell the objects belonging to other people who have already established close cooperation with you.
In other words, you could be said to have a profession as a REALTOR. Well, as an intermediary between the prospective buyer with the seller, you should not change the nominal price with a surge that is too high.
It certainly can make prospective consumers become hesitant to Transact the purchase of housing units together with you. First, if you set the nominal price is above the market price, either by location or condition of the object.
Without raising the price becomes higher, in fact, you already benefit from the seller of residential units with a total of approximately 2.5% of total sales.
Suppose you managed to sell the House at a price of Rp 300,000,000.00. Then the benefits that you will gain is 2.5% = 300 million x 7.5 million.
From these calculations, already observable benefits that you will gain is already quite large. Imagine if you manage to sell the property housing more than 1 unit or with nominal sales prices are higher.
Creating a Brand for the business that is being Carried
When Your residential property business lives have started running smoothly, the next step that can be taken is to make the brand for the venture.
Look for the appropriate name and easy to remember. Afterward, you can register the name of the business legally to anticipate the presence of unwanted events.
In addition, the residential property business that already has a name certainly can be one of the reasons potential buyers feel more confident when it was about to make a transaction.
However, to do this one does require a fee. For anticipate, you can do a loan against a close relative or a relative. This is to avoid borrowing money like interest at banks.
Recruit Employees
If your residential property business is already growing rapidly with a name that is already popular, then you can start hiring some employees.
Run a business without the help of others will certainly feel pretty heavy. It would be better if you could recruit employees from those who are already well known and trustworthy, for a smooth business that you are living.
In addition, there is no harm if you already have a lot of capital and the costs used to recruit many employees with positions as staff as well as in marketing the property. This way proved to be more effective when compared to running it himself.
Register As A Property Agent
In addition to the profession as a Realtor, residential property business opportunities without capital can also be run with merged into community property agent.
The benefits that you will gain time join the property agent that is going to get the most updated information about properties for sale around the agent area.
In addition, you'll also get guidance and training to conduct the sale of the property unit, as well as negotiating with prospective buyers to get a deal on the price.
Take Advantage Of The Home As A Home Stay
In addition to selling a home, residential property business opportunities can also be done with making it a homestay. This felt more favorable when compared to utilize home assigned.
Accidental damage caused by renter thus a cost greater than the cost of rent. Therefore, other options at this time began to run IE with many going as the homestay.
Homestay is a House with all the utility, which enable the townhouse as a lodging. Unlike the guest house which is more likely with lodging for guests of the company.
By utilizing housing units as a homestay, of course, you can also scoop up profits. Especially if it's about area attractions. This enables the client to hire a large number of homestay that you provide.
To quickly get customers, you can set the price of rental home stay under nominal rent. Certainly, with the condition of the home stay clean and comfortable, you will soon have a lot of customers.
Don't forget to do the promotion through the medium of the Internet to re-enact the effort you could soon be widespread.
A variety of Residential Property Business weakness
Indeed undergo residential property business opportunity can provide extremely high profits and promise. However, as has been alluded to above, still need strategies and tricks to maximize profits and minimize losses. And here are some of the drawbacks of the residential property business should be a consideration before running this business.
Natural Disasters
The first obstacle when running a residential property business was a natural disaster. The genesis of this one certainly can happen anywhere and anytime.
So that when natural disasters have damaged property that is already established, sure you will experience major losses. And it is becoming a major constraint for the residential property business.
Government Regulation
When undergoing residential property business, you will also face risks with respect to government regulation.
One obstacle this can happen if you don't get permission from the Government when the intending to housing constructed in a specific area. In addition, the condition most often happens is a process that expenditure linked to permission development is very long.
The necessary conditions are pretty tight, so you should be prepared to accept the risk when the housing property development permission requests until rejected by local authorities.
Residential Property Business Will Need Care
Residential property business also has constraints in terms of treatment. You should be able to set aside the cost to paint, clean grass, and so on.
Without good maintenance is done, surely it can have an impact on the bidding price of the property units. Although the cost of needed treatment, but not how the property is thus sometimes regarded as constraints.
Better you just pay for the care and got a high sale price of the homes sold let appear dirty and not well maintained, so the offer price is down drastically.
Requires A Lot Of Capital
Residential property business opportunity does have solid capital properties also with capital intensive. So, the more capital you spend, then the profit to be gained from the residential property business is also more and more.
The value of Building a shrinking
The risk can be experienced while running the business of housing properties, namely the condition of buildings that more time will shrink. This is in contrast to the business of the land.
Soil conditions that serve as business opportunities will have a period that lasts. In contrast to a building erected on the land, residential property business like this.
In the past 30 to 40 years, the condition of the building will shrink. It is also very closely related to the quality of the Moorish construction.
High Transaction Costs
In addition to requiring a lot of capital, residential property business also requires considerable transaction costs, if compared with businesses in other fields. For example, the buyer will be charged BPHTB, whereas the seller should bear the costs of income tax.
A simple analysis of the Residential Property business opportunities
Some of the above tips are very suitable for living for those of you who want to start a business with minimal capital housing property or even without capital. And then, what about those of you who have sufficient capital and wants to establish a lot of residential property units?
As preliminary information, we will give a little description of the calculation of capital as well as the benefits that will be generated when running a business on this one.
For example, you want to build a residential type 32 and a land area of 60 square meters. Assuming the price of land is of 500 thousand dollars for one square meter, so too for the price of building each square meters. As for the tally of its capital are as follows.
Land: 60 x 500,000 = 30 million
Area: 32 x 500,000 = 16 million
Marketing: 1 million
Administration: 3 million
Reserve: 8 million
Total: 58 million
If the market price of the House at that location is around Rp 150,000,000.00, then the benefits that you will gain is as follows.
Sale price: 150 million
Capital: 58 million
Gross profit: 92 million
Additional Charges
5% tax: 7.5 million
Commission marketing: 3,750,000
Total: 11,250,000
Net profit: 92 million – 11,250,000 = 80,750,000
So despite how much of their sales, it's no problem, you can make it stay lucky. Because the sale of the property is not the same as a sale of goods is small, so even though the number a bit but luckily remained large.
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