Real Estate
Real Estate Business – Real estate is not a new name or term on the streets. It is well known and taken to be one of the most lucrative businesses that people go into these days.
Nigeria has a population of over 180 million and this large population will definitely need residences, office spaces, and commercial outlets to either buy, lease or rent.
It therefore comes as no surprise that statistics has placed real estate as the 5th largest contributor to the GDP of Nigeria. The real estate business is very capital intensive but you can go into it as an agent and still make a lot of money.
Hurry now, GET YOUR Real Estate Business Plan In Nigeria / Feasibility Study. To place an order, pay N10,000 to
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Account Name – Chudi-Oji Chukwuka
Account No – 0044157183
After paying for your Real Estate Business Plan In Nigeria / Feasibility Study PDF/MsWord, send your email and payment details to 08060565721.
The field of real estate is a very competitive one. A lot of people seeing how profitable the business is both in the short run and the long run have gone into the market and the companies that are already established have equally intensified efforts to make sure that they remain relevant.
So you have to be sure that you are ready to go into the business and that you have all it takes to attract and retain your own clients.
Now let us start from the basics and that is definition of terms. Real estate is a property that is made of either lands or buildings. Real estate business is now the business of buying, selling, renting or leasing a property, land or space.
No doubt you have also heard of real estate agents, real estates agents are individuals or agencies that help landlords or real estate companies to get clients that will either buy, sell, lease or rent their real estate.
For further clarification, we’ll separate real estate into different parts. There is residential real estate such as undeveloped land, houses, condominiums, and townhouses etc. There is also commercial real estate such as office buildings, warehouses, and retail store buildings. Then there is industrial real estate such as factories, mines, and farms. It is important to note that there is no restriction on how many types of real estate you change involved in. So if you have the means, capacity and workmanship to be in a business of all the types of real estate then you are free to.
If you are ready to go into real estate business, then this article is just what you need because we will make available helpful tips to help you with starting and running your business successfully.
Real Estate Business Plan / Feasibility Study
To begin with you need to have an in-depth knowledge about the business you are going into. Conduct an intensive research and make all the relevant inquiries from the right sources.
This is the first and most important step. You can never make it in any business if you no idea or inkling about the business you are going into and real estate business is not left out of it.
Something that can help you out at this stage is a business plan. Write a very detailed and comprehensive business plan so that you will be aware of how you want to start and conduct your business as well as how to rightly divide the resources available to you and make the most out of it.
Do not be dismayed or perturbed if you do have a large capital. You can actually start small and this avails you the opportunity to learn hands on and gain the much needed experience you require.
As you gradually grow and expand your business you will be in a better position to effectively manage and run the business successfully having made and learnt from the mistakes you made when you were starting out.
When you have started the business you have to try as much as possible to build your brand. Like we have pointed out earlier, there are a lot of people in the business and some have gone ahead to build a reputable brand that people trust and because of that trust they are never out of business.
If you even want to have a fighting chance try your best to see that you earn the trust of people and that whenever the name of your company comes up what comes to their mind is a place where they get what they want, at very good prices without much stress.
Like they say first impression matters a lot. So you have to make yourself as attractive as possible. Even your logo and catch phrase should not be one that will scare people away or make them have second thoughts about your authenticity or about patronising you.
Registering your business with the relevant authorities and government body is necessary. First off you have to register your company with the Corporate Affairs Commission. After you’ve successfully registered you’ll be issued a certificate with an RC number and you are ready to commence business.
It also means that your business is fully recognized by the law and your company is now a legal entity that can sue, be sure and own properties.
There are also other notable real estate organizations you can consider being a part of such as Association of Estate Agents in Nigeria (AEAN), Real Estate Developers Association of Nigeria (REDAN) and Nigerian Institution of Estate Surveyors and Valuers (NIESV).
Joining these organizations is an added advantage as you’ll be privy to some information that will be helpful to your business which you would not have ordinarily had access to.
As we have mentioned earlier in the article, real estate business is capital intensive. The size of your pocket goes a long way to determine which type of real estate business you can get into and at what scale. If you have enough funding for the type you want to go into then that’s okay, otherwise you have to source for funds.
Yes, you can start small but your capital has to be substantial if you want to be relevant at least. That’s why you have to be detailed and comprehensive with your business plan because a good business plan can attract good investors. More so a good business plan can help you get loans from banks and other financial institutions.
Advertising is very important in this business. That is how people will know about you and start patronising you. You really have to invest in the advertisement and make sure that it is able to capture people’s interest and pass across the message you need them to hear.
There are various means of advertising such as billboards, social media, television amongst others. Use as much medium of advertising as possible to make yourself known to the public.
Don’t just stop there but make sure that your staff is well trained and really knows what they are doing. More so they have to know how to deal with your clients as good customer care is key to retaining your clients.
Hurry now, GET YOUR Real Estate Business Plan In Nigeria / Feasibility Study. To place an order, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Chudi-Oji Chukwuka
Account No – 0044157183
After paying for your Real Estate Business Plan In Nigeria / Feasibility Study, send your email and payment details to 08060565721.
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