residential real estate business model implementation
TRANSCRIPT
Residential Real Estate-Residential Real Estate-Business Model ImplementationBusiness Model Implementation
Real estate business basically refers to immovable property that includes land and the buildings on it as well as the natural resources of the land.
Real estate business ?
Business model for Residential Property is bifurcated into 2 phase
Phase 1Phase 1 :- Locating appropriate office space for the day to day operation.
Phase 2Phase 2 :- Building relationships for the long haul is a crucial thing for the long-term survival of the business.
Business Model for Residential Property
● Financial requirementFinancial requirement: For purchasing office building, residential properties, renovating properties money is required.
● Proficient management:Proficient management: Expertise and efficient managers are required to manage the business.
Necessary Steps For Implementing Phases
● Services:Services: While purchasing a property following things such as valuation, neighborhoods and repairing related aspects must be checked.
● Factors: Factors: Following factors such as Social, Economic, Following factors such as Social, Economic, Legal, Political, Environmental and Governmental must be Legal, Political, Environmental and Governmental must be taken into consideration.taken into consideration.
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