Property business will continue to grow to make developers who build properties like mushroom in the rainy season. However, not all entrepreneurs are successful, only a small number can survive.
Practitioners at the young billionaire also gives tips on how to become a successful property developer in building properties, especially for beginners.
1. Time
Time is an important factor for the success or failure of build properties. Before the housing / apartments, analyze first whether the people around have prepared in the presence of housing / apartments. Mastery and understanding of the local culture of the people around can help success or failure of the property to be built. Can be a nice location in a developing country, but its people are not ready to apartments, the edges can not sell.
2. Confidence
Trust in the developer would be in line with experience. Good developers will build "estate development" in its properties to help consumers occupants. Many people do not like being ignored developer, has sold the left-perforated holes, it is an example.
Trust can be built by working with major banks. Large banks would have done due diligence before working with property developers. In addition, trusts can also be constructed by using a big name public figures to be a commissioner. The former prime minister was appointed commissioner and conduct ground breaking. It can increase confidence.
3. Concept
Many properties do not sell cheap because they do not have a clear concept. Once you have a concept, the developer must build the crowded center first so the property can live.
4. Pricing strategy
Many property developers are selling the house at a price per meter is more expensive, but more in demand. Make smaller units and make a longer mortgage program to create psychological effects cheap in the eyes of consumers. Not cheap win, but the psychological effect.
Developers can sacrifice a little by selling cheap to start the unit. When the sale has achieved it typically has 60-70 percent return on investment and it is the right time to raise the sale price of 10-15 per cent. Currently 90 percent of the units have been sold, the price may be increased 15 percent but longer make mortgage program.
5. Restricted Unit
Build a property with limited units to avoid oversupply and keep the prices remain high. Do not immediately get up 1,000 homes, but break into smaller units such as per 100 homes. If you've sold 70 units of the 70 percent sold advertising to boost consumer confidence in buying a home.
6. Commercial Area
In building property must be commercial areas to attract people. Find an anchor tennant like Carrefour, Cinema, or AP, which is the main purpose of the visitor. Give a little privileged to be playing anchor to open in a residential area. Provide low prices or discounts to anchor tennant, lose a little is okay because it can attract people and will increase the value of the investment.
7. Location
Current location in the city have as many successful property developer property development on the outskirts. Another important factor is the accessibility to the area property, build wide roads in order to facilitate access.
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