REAL ESTATE INDUSTRY BUSINESS PLAN
Real Estate business is the business of buying, selling, and renting of land, building or houses. The rapid growth of cities in the ninetieth century provides many opportunities in this industry of the United States. Due to the significant investment opportunity emerging in real estate business is a large number of real estate player enter in this field. People use the real estate industry for a variety of purposes including:
● Offices etc.
Real Estate usually falls into three categories:
Residential Real Estate: include Apartment’s, Single or multi-family houses, condominium, duplexes High-value home, luxury accommodation rentals, and vacation homes.
Commercial Real Estate: include shopping mall, Medical and educational building, hotels and offices.
Industrial Real Estate: include manufacturing buildings as well as warehouses.
The Real Estate industry generates billions of dollar revenue every day in the United States only. Last year approximately 210,000 companies generated $200 billion in revenue operating in residential brokerage, and 35,000 companies make $35 billion in revenue operating in commercial brokerage in NYC, Los Angeles, Florida, Texas, Michigan and Virginia. The contracting and renovation incorporates more out of revenue.
Real Estate Business Trend
Maven Biz Plans experts are into the industry for many years, with diversified business encounters and plans established for different clients of the different parts of the United States. It has all helped us to perform better, and to look for the ideal business plans that you can implement in United States, and even in any part of the world. Starting a fast food restaurant in Dallas, Tx requires you to work with head on toes. The renovation and ambiance of fast food restaurant must be appealing, and how you can hire the best chefs and support staff. Then the deal of raw material to be in housed before the customer’s arrival time. Most of the fast food restaurants work 24/7 in NYC and Los Angeles. Yeah! They might offer their services at evenings or nights but the internal work goes on.
Trends of Fast Food Restaurant Industry in the United States
Real estate business comes in a wide range of sizes and styles that handle both residential and commercial properties across the country. During 2017 and early 2018, home prices made a 10% jump, and it is estimated that in 2019 it will rise more but at a much slower pace. Still, it is expected that the number of homes sold next year will rise even if it is at a slow pace. The advancement of industrial novelty in the Real Estate Industry has been changing rapidly and this year may bring more twists and turns in the real estate market. That` s why real estate entrepreneur should keep their eyes open for the latest trends to thrive the market.
General Real Estate Statistics
Innovative Business ideas included extensive use of advanced technology, high competition, and investors’ presumptions have robust the commercial and residential real estate industry. In 2017, 5.51 million existing homes and 612,000 newly built homes sold in the US market. The estimation of the Association of Real Estate License Law Officials (ARELLO) reveals that there are approximately 2 million active real estate licenses in the US. In 2018, the housing market has seen it`s up and down, and it is expected that the mortgage rate will continue to rise in 2019, the average mortgage rate will be 5.3% and hit 5.5% by the end of 2019. It is projected that the revenue of real estate in the U.S. will be $535 billion U.S. dollar by 2021
Why a business plan is required for the startup of your Real Estate business?
A Real Estate Business Plan Template lays out the road map and is the first step in recession-proofing for your real estate company. Developing a sustainable business plan is crucial to define and measure your business goals. Every business needs to things for a startup business:
● A good business plan: highlight your business goals
● Capital: cover your initial expenses
The scope of a business plan
1. Establish an executive summary
A good business plan will explain the executive summary of your market analysis that proves the needs of another real estate business and also define the objectives and goals of your company that meets that need.
2. Competitor Analysis
It will describe your competitors individually which will help you to make things that set your business apart.
3. Mission & Goals
It will detail your short term and long term business goals. Your specific written goals will motivate you to develop a good market strategy.
4. Develop your Market Strategy
It will help you to create unique, actionable, and specific steps that will help you to attract the target customers.
5. Organize your finances
Having a robust financial plan is vital for the success of your business. It will track your expenses and lay out your financial obligation.