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, the United States etc but also in developing countries such as India, South Africa, Philippines, Kenya, Nigeria etc.
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. Here are top 10 innovative real estate business ideas 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 the right equipment and commitment towards work, you can build a successful landscaping business.