Real Estate Development
Tips & Advice to help you make your decision on Real Estate Development
One sign that the economy may be coming out of its current state, is the presence of new real estate development. In the last few years, our economy has taken a nose dive and this forced many people to lose their homes and job. Houses were being foreclosed on at rapid rates, and business owners forced out their business due to the state of the economy. These actions can lead to houses and storefronts becoming empty and not cared for anymore. This no doubt has an effect on the area and the economy of that area.
However, things are looking up and a sure sign of that is just see all the new homes being built, the new stores coming up and the return to a somewhat normal and stable economical society. A great way to keep on track of the state of the economy could be to subscribe to some of the real estate development news or trends. Did you know that Business.com has a variety of resources in the real estate world? If you would like to learn more, click on the links to the left.
Real Estate Development Key Terms
Learn the terminology of real estate development before you buildBy Shannon Tani If you're just getting started in the field of real estate development, you're probably aware that there are a number of new terms you need to learn to be successful. When you understand words like debt to equity ratio, community development and zoning, you'll have a better idea of how much property you can afford to buy and what you can do with it. In commercial real estate development, misunderstandings can be costly, so make sure you learn the terms.
Association of Commercial Real Estate (ACRE)
The Association of Commercial Real Estate, or ACRE, is a professional organization for those in the commercial real estate business, including developers. It offers a good opportunity to network and learn the latest trends.
Try:
Read the history of the Association of Commercial Real Estate from their website.
Community revitalization
When cities and towns have a depressed economy, the effects can be felt by everyone living there. Community revitalization projects can help turn a city around, restoring it to its former glory.
Try:
The Surdna Foundation specializes in community revitalization.
Community development
Community development refers to the process of making a particular area nicer, especially for low to middle income families. Development companies that focus on community development may be eligible for funding from the government.
Try:
The State of New York Banking Department defines community development.
Debt to equity ratio
The debt to equity ratio is a comparison of how much debt you have with the amount of equity you have in a property. A high debt to equity ratio means that you'll have a harder time getting a mortgage with a good rate.
Try:
Learn more about the debt to equity ratio and how to calculate your own from American Express.
Zoning
Zoning affects what you can do with a property. The zoning regulations are set by the city government. For example, you may not be able to establish a residential home in a commercial zone.
Try:
The City of Portland, Oregon explains some of the different types of zoning areas.
Market assessment
Before you start making plans for a development project, it's important to make a market assessment of the area. For example, knowing the average age of local residents will help you decide whether you're marketing towards young families or senior citizens.
Try:
Senior Housing Companies details their process of market assessment.
Search Styles, Floor Plans, Photos. Find Your New Home Now!
Professional Reserve Studies For your HOA - Fast & Reliable
Let us help you determine what your options are today.
