The surrounding environment plays an important role in building a real estate project
Before we get to know or know how it is possible that the surrounding environment has a big role in building a real estate project, then from there we have to know what is real estate? Real estate itself can be interpreted as land which includes buildings that are on it or something that is permanently attached to it. Therefore, the real estate business is a business that aims to trade land and buildings on it. Examples include housing, warehouses, buildings, apartments and so on. However, the real estate business itself is different from the property business, there are subtle differences between the two. In short, it can be seen from the keywords that distinguish the real estate business from the property business lies in its physical form and ownership. Real estate is more inclined to physical form (land and buildings). Meanwhile, property is more inclined to physical ownership (land and buildings).
There are several advantages of the real estate business. Every investment will definitely provide a big profit or profit, and the property business is no exception. the real estate business itself is a type of long-term investment that requires proper observation and analysis, which we will then feel the benefits of in the future. The following are the advantages of the Real Estate business: Prices tend to always go up, big profits, not too affected by economic inflation, can be a source of passive income, and finally can be used as a long-term investment. then besides there are definite advantages there will be disadvantages in running a business, following Losses from the property business can come from building maintenance costs because it requires a lot of funds, requires a lot of capital and requires large transaction costs, and there is a risk of being destroyed if the area experiences natural disasters such as floods, earthquakes, etc.
There are several types of real estate business based on their use, real estate can be divided into five types, namely: Residential, such as landed houses, apartments, condominiums, and townhouses. Commercial, such as world centers, offices, hotels, cinemas, golf courses, and waterparks. Industry, such as factories and warehouses. Plantations, such as gardens, rice fields, and forests. Others that are not included in the four types above, such as places of worship, hospitals, government facilities, and schools. However, in practice or in reality, there are only two types of real estate that are usually used, namely landed houses and commercial ones. These two types of real estate are most often used by businessmen or developers in dividing their business categories. Part of the two types of real estate is due to the fact that each has different types of risks and types of buyers.
In building or developing a real estate business, we must have a strategy, concept, etc. to develop quickly and rapidly. The first thing that must be done in building a real estate business area is to prepare a plan that is mature and has an interesting concept that will be implemented. The main thing that can attract people’s interest is in terms of the environment, such as apartments or buildings that are in the school environment, in the city center, or other elite areas. For example, a prestigious high school is an absolute necessity in the real estate business model. If the school has been built or has been famous for a long time, then indirectly parents or other people will be interested in buying a house or apartment there, because it saves more time and children won’t be tired when they come home from school. This will then have an impact on opportunities from the real estate business, house or apartment prices soar, because the educational complex is bigger than other areas.
Then there are environmental or industrial areas, for example R&B, warehouses and factories where other industries are located. in this environment we can build houses that we can later rent out or we can also build housing that can later be offered to employees who work in the industrial environment. However, in an environment like this we have to adjust the selling price to the average salary of an employee there.
therefore apart from all that, we must first prepare intentions and consider and be prepared for the impact that will occur if we build or start a business, starting from setting strategies to finding investors and looking for targets to aim for. The real estate business will develop and progress if capital, marketing, concepts and others are carefully and precisely regulated.
By: Wildanita Risna Anggi Aisyifa
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