Property Management

Property Management

Introduction

They were numerous views in detail practical steps to real estate development, and in fact controlled by the nature of the project and the givens and conditions of spatial and temporal in the identification of those steps and their order, there are divided into four steps and others to eight and others sixteen and so on. Beginning the process of real estate development from the phase, come up with the idea and considered this point in my opinion the most important stages of development and usually stems from the perception of deep to the developer of the market and the needs of society and the maturity of a sense of real estate has, which builds knowledge and experience. The developer at this stage the work of financial studies preliminary to make sure of the feasibility of the project, then moves to the second phase which crystallize the idea and determine the location and the work of economic feasibility and designs of principle by specialized offices. In the third stage the developer to prepare market studies and financial feasibility of the final designs that qualify him to take the necessary permits for the project, then moves to the stage of final design and start negotiating construction contracts and to identify contractor and contracting with financiers from banks and individuals, come then the fifth stage the signing of contracts for the project of building and financing, supply, marketing, etc., and during the construction phase the developer to make the manager, who follow the progress of work according to the time plan and finance the project by supervising field and office through the programs of accurate accounting and the developer during this phase also keeps the follow-up and the changes of problems that occur on the project and resolve by keeping the low material costs and least possible time possible in mind. The next stage is the opening of the project and the media campaign as well and contracting companies with project management and marketing and make sure it is ready for use, and ultimately the final stage the developer to manage the property and follow-up operate and maintain the value and marketed on an ongoing basis to ensure the highest rates of operation.

We all struggle to learn on how to develop methods of property development in the tried and tested techniques and gain rational experience with in this area. We equip ourselves with the appropriate education and getting certificates and licenses to have to do our work and try to earn fortune. But in order to learn development our skills in the field of real estate, we find that the best methods in this trade inside come from long years of trial and error experience. We can see this as a fact when the note of others who have been in this business for many years. However, if we may transfer to some extent all this knowledge in our minds, then we can excel as they do, and avoid the pitfalls of ...