If you are to stand any chance as a home builder there are two things you need to do before you even begin, and those two things are research and marketing. If you are disciplined enough to devote some time to researching the market, it will automatically put you ahead of your competition. Many builders simply operate from day to day. They do not bother much about things like market research. What you need to do is devise a market research plan and be prepared to follow it. You will know when the time is right to proceed, and be able to make informed choices and decisions.
Good market research rests a lot on whether you have access to real estate agents. An agent can tell you exactly what home buyers are looking for. You will also be able to list your property and sell it through your agent. Even if you think you can handle this aspect you should still use a professional agent. Not only are they the ones that will deal with the buyers, but they also work when you don't.
It is strange that so many home builders neglect to consult with estate agents, because it really can make a tremendous difference to the success or failure of their business. When it comes down to it, their services is invaluable. It is important that you are willing to hear what your agent tells you when it comes to building projects. Many builders are torn between building what they think should be built, rather than what the agent has advised. If you think you might be one of them, change that now! The agent knows what is wanted, and they only get paid once the home has been purchased, so they will not advise you badly.
It is important that you meet with some agents in the area you intend to operate in. You will then be able to ask them some pertinent questions. For instance, you might enquire what size the homes in the area should be, and what they think builders should concentrate on. Since this is basically a two-way partnership, be respectful and friendly.
Draw up a list of questions that you want to ask and record the answers that you get. When you have spoken to all the agents you're interested in, evaluate their answers and see if there are any common denominators. The commonalities can be incorporated into the house design. Once you have done that, it is time to proceed on to the next phase, which is obtaining the house plans. Set up meetings with the agents once you have the plans. This will give you the chance to show them the drawings and hear their feedback.
The success of your house building business will depend upon your willingness to do market research, and your willingness to follow advice. Working with reputable real estate agents in the design phase will greatly increase the chances of you building homes that people wish to own.
Good market research rests a lot on whether you have access to real estate agents. An agent can tell you exactly what home buyers are looking for. You will also be able to list your property and sell it through your agent. Even if you think you can handle this aspect you should still use a professional agent. Not only are they the ones that will deal with the buyers, but they also work when you don't.
It is strange that so many home builders neglect to consult with estate agents, because it really can make a tremendous difference to the success or failure of their business. When it comes down to it, their services is invaluable. It is important that you are willing to hear what your agent tells you when it comes to building projects. Many builders are torn between building what they think should be built, rather than what the agent has advised. If you think you might be one of them, change that now! The agent knows what is wanted, and they only get paid once the home has been purchased, so they will not advise you badly.
It is important that you meet with some agents in the area you intend to operate in. You will then be able to ask them some pertinent questions. For instance, you might enquire what size the homes in the area should be, and what they think builders should concentrate on. Since this is basically a two-way partnership, be respectful and friendly.
Draw up a list of questions that you want to ask and record the answers that you get. When you have spoken to all the agents you're interested in, evaluate their answers and see if there are any common denominators. The commonalities can be incorporated into the house design. Once you have done that, it is time to proceed on to the next phase, which is obtaining the house plans. Set up meetings with the agents once you have the plans. This will give you the chance to show them the drawings and hear their feedback.
The success of your house building business will depend upon your willingness to do market research, and your willingness to follow advice. Working with reputable real estate agents in the design phase will greatly increase the chances of you building homes that people wish to own.
No comments:
Post a Comment