Folks with the ability to make and nurture client relationships, excellent presentable and hard working attitude, healthy marketing skills and sound financial backup should ponder upon starting a real estate related business.
Real estate industry isn’t in a mom and pop structure anymore. In fact, it is booming not just in developed nations like the United Kingdom, United States etc but also in developing countries such as India, South Africa, Philippines, Kenya, Nigeria etc. Here are top 24 best innovative real estate business opportunities for you:
1. Property management
Excellent liaising skills is a must have to succeed in the business of property management since it involves establishing strong relationships with different kind of people like landlords, tenants, contractors etc. In addition to liaising skills, you need to have an in-depth knowledge of local laws that govern landlord-tenant relations.
2. Property development
Property development business covers activities that range from buying raw land, constructing properties like apartments, houses etc and once these properties become livable, they are either put for sale, renting and leasing. However, starting a property development business demands extensive investment.
3. Real estate blogging
Blogging allows you to write and publish real estate articles on a blog and make money while utilizing plenty of monetization methods including Google Adsense. All you need is knowledge about real estate, a computer and of course an internet connection. Tons of platforms are available these days but WordPress is easiest yet popular you should start with.
While previously household market majorly derived the demand for landscaping services however in last one decade, the demand has shifted to schools, hospitals etc. With right equipment and commitment towards work, you can build a successful landscaping business.
5. Lawn care services
One who enjoys fresh air in the morning should consider starting a business that delivers lawn care services to local residential and commercial property owners.
6. Property broker
Think of starting a property brokering business that allows you making commissions while bridging connection between property sellers and buyers and then pushing them towards happy deals.
7. Real estate magazine
While we can’t say millions but surely thousands of people love to read real estate magazines covering latest happenings, emerging market trends and even information related to properties which are up for sale, rent, and leasing.
8. Interior decoration
Individuals with talent to beautify and improve interior appearances of rooms can consider starting an interior decoration business. While competition may give you tough times but if you work dedicatedly the day you will lead your competitors won’t be far away.
9. Wallpaper business
Wallpaper is one of the low cost based businesses in real estate you can even operate from home. If interested learn skills before you start your own wallpaper business.
10. House painter
One with painting skills can earn enough cash while rendering house painting services to local residential market. You can also extend your services to commercial properties and even apartment owners.
11. Property cleaner
Neither you need high investment nor any special skill just more than cleaning activity in starting a business that offers property cleaning services. You even don’t need to worry about office space because you can start this business from home.
12. Plumbing service
Without plumbing no building is complete. Plumbing will always be needed for constructions. One with plumbing skills can consider starting a plumbing service business.
13. Air conditioner installer
Least which is required to start an air conditioner installation business is knowing how to install air conditioners and how to market your services to potential clients.
14. Pool constructor
High paying profession in real estate involving constructing swimming pools for residential and commercial customers.
15. Electrical wiring
The high demand for trained electricians will always stay stable out there as long as electrical systems are required in houses, apartments, commercial buildings etc. Someone with skills to safely install electrical wiring and equipment can consider starting an electrical wiring business.
16. Hostel rental
Aspirants with sufficient investment can also capitalize on growing need for hostels while opening a hostel rental business in their areas.
17. Shopping mall rental
Given the increasing number of retailers, wholesalers etc looking for workspace you may build and rent out shopping mall at a strategic location in your locality if you really are a big-time investor.
18. Real estate software
If you have some expertise in software development, you can capitalize on the opportunity of customized software applications needed by companies in the real estate domain.
19. Legal services
Lawyers who want to earn some extra shouldn’t think beyond offering legal services to real estate companies.
20. Rent warehouses
The increasing number of e-commerce businesses are constantly looking for warehouses to store their stock in. Hence you may build and rent out a warehouse to local based companies.
21. List properties
You can also make money while listing up properties of sellers on your own website and help them find right buyers for their properties.
22. Pool maintenance
One of the reasonably profitable yet low cost based business you can start in real estate is swimming pool maintenance.
23. Architect services
If you are an architect, you can derive money while offering services of designing and building buildings.
24. House cleaning
Working professional today are in need of someone who can clean their houses and perhaps that someone might be you.