Real estate development procedure can be described as follows:
- Create the development idea
- Control the vacant site or undeveloped land
- Complete a preliminary market feasibility study
- Draw the preliminary plans and specifications
- Obtain a mortgage financing commitment
- Complete the final market feasibility study
- Complete the engineering final plans and specifications
- Estimate the final total costs, direct and indirect
- Complete a Discounted Cash Flow analysis of inflows and outflows
- Analyze various risks associated with the proposed development
- Begin actual construction of the streets, utilities, and lots
- Start Marketing and Selling
Showing posts with label Business Resources. Show all posts
Showing posts with label Business Resources. Show all posts
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