Real estate is one of the emerging and profitable businesses in the current scenario. Real estate is a business where one can buy, sell, rent or lease a piece of land, an individual house or an apartment. In the real estate industry, there are more than one ways to build a successful business. Here is an overview of how real estate developers influence us and society.
What do the Real Estate Developers do?
The real estate developers take the greatest risk for which they get the highest reward. Let’s consider an example. If you want to sell a house, you can’t know who needs the house. Generally, the house owners will have a third point of contact who is the real estate developers. These real estate developers find a suitable buyer and he builds a communication link between the buyer and seller. If the buyer finds the house satisfying all his demands and if the seller is satisfied with his demands, the house is sold to the buyer. The real estate developer has the greatest responsibility to look after that both the buyer and seller should find the house profitable. He gets a part of the amount as a reward.
The real estate developers bring the dream into reality. They are also into the construction field where they build better infrastructure and safer places to live in.
How do Real Estate Developers Influence Society?
If the house prices and the rate of buyers increase, it is going to increase the overall GDP which eventually drives the country’s economic growth
- The Government is also benefited in such a way that a part of the amount which is paid as tax is used for the welfare of the society.
- A better infrastructure is a key to attract the MNC’s to believe in the city and invest in us which also drives the country’s economic growth.
- They are capable of converting any barren land into factories, production or storage areas benefiting the surrounding.
- The factories, a production or storage area eventually decreases the rate of unemployment.
- The real estate developers assist the buyers and sellers to buy or sell any kind of property.
- They also include the construction of individual houses which benefits the family with feasible charges for the construction.
- They act as a major pillar of support to the country and its economy.
- They serve as the popular way of saving wealth and properties for many families.
- They build a better surrounding and safer environment to live in.
To be a successful real estate developer like Sam Mizrahi founder of Mizrahi Developments, a private Canadian real estate development company one must know about all the ins and outs of the field. He must understand that ‘The Sky is the Limit’ in this filed. There is much significant potential in the field. To be a successful real estate developer, one must be able to answer all the questions that are thrown upon them. The real estate developers can pride themselves as they make the world a better place to live in!
