{"id":27191,"date":"2019-11-10T09:59:10","date_gmt":"2019-11-10T06:59:10","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=27191"},"modified":"2019-11-10T09:59:10","modified_gmt":"2019-11-10T06:59:10","slug":"%d8%a8%d9%8a%d8%b9-%d8%b9%d9%82%d8%a7%d8%b1%d8%a7%d8%aa-%d9%88%d8%ae%d8%b7%d9%88%d8%a7%d8%aa-%d8%aa%d8%b7%d9%88%d9%8a%d8%b1-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/27191\/","title":{"rendered":"Editor-in-Chief Abdulaziz Al-Issa writes : How do you develop your real estate?"},"content":{"rendered":"

The new real estate developer in the market has undoubtedly tasted failure and defeat\u00a0 <\/span>due to losses or difficulty in generating profits that satisfy him or his shareholders, with all these\u00a0 <\/span>The money, efforts and years spent in the field of real estate development, and the loss may be inevitable for any novice developer, so many of them leave irrevocably after tasting pain and suffering. On the other hand, the remaining few who are highly focused and familiar with all the details of construction, economy and market achieve huge and continuous profits. Therefore, the developer must be aware of all aspects and basic steps in development, including:<\/p>\n

1- Decide what type of development you want to try. (Commercial? Residential? For owning or renting? For improving or selling? Building from scratch? Improving an existing one? Location? Partnership or on your own?).<\/p>\n

2- Identify your financial resources. Determine your borrowing potential.<\/p>\n

3- Create a budget and a possible timeline and discuss it with an expert or architect.<\/p>\n

4- Find a marketed real estate broker\u00a0 <\/span>Good, start researching with him and learn about the market.<\/p>\n

5- Once you locate the property, create the legal framework that will lead to the development. You will need a lawyer and a chartered accountant to accomplish this. It will cost you some money.<\/p>\n

6- Receive paid financing for both purchase and development.<\/p>\n

7- Using an architect and contractor, you can get preliminary plans for the property.<\/p>\n

8- Inspect and certify property, soil, water, etc.<\/p>\n

9- Buy the property, if possible, buy it subject to approvals for licenses.<\/p>\n

10- Ask the engineer to draw up final building plans. And submit plans for approval by all concerned departments, authorities, secretariats, municipalities, and civil defense. This will take some time to accomplish.<\/p>\n

11- Getting into the details of construction contracts with the general contractor.<\/p>\n

12. Construction supervision. Expect budgetary delays and issues.<\/p>\n

13. Study the leasing or sale of properties that are being developed.<\/p>\n

14- Learn from previous lessons and fully document them.<\/p>\n

15- Enjoy your profits, distribute to shareholders if any, and look for the next project.<\/p>\n

Other articles by the editor-in-chief<\/a>:<\/h3>\n

Real Estate Sale - E-commerce - Smart Applications - Real Estate Market - Investment - Real Estate Sale<\/h3>\n

Editor-in-Chief Abdulaziz Al-Issa writes ... Stopping the schemes... The beginning of the correction<\/a> Editor-in-Chief Abdulaziz Alissa writes about: Real Estate in the Jaws of E-Commerce<\/a> Editor-in-Chief Abdulaziz Alissa writes about: The five commandments to stop the market downturn<\/a> Editor-in-Chief Abdulaziz Alissa writes about: Real estate vacancies and missing solutions<\/a> Editor-in-Chief Abdulaziz Alissa writes about: I trust... I don't trust<\/a> Editor-in-Chief Abdulaziz Al-Issa writes About:Auctions and marketing rights<\/a><\/p>\n

\n\n<\/p>\n

Editor-in-Chief Abdulaziz Alissa writes about:\u00a0Real estate marketing speculation. and foreign<\/a><\/p>\n

\n\n<\/p>\n

Editor-in-Chief Abdulaziz Alissa writes about:\u00a0Tenant Awareness And landlords<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Alissa writes about\u00a0Prioritizing housing between retirees and young families<\/a><\/p>\n

\n\n<\/p>\n

Editor-in-Chief Abdulaziz Al-Issa writes about :\u00a0Auctions and Marketing Professionalism<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa writes:\u00a0Building sustainability and the unknown details<\/a><\/p>\n

\n\n<\/p>\n

Editor-in-Chief Abdulaziz Al-Issa writes:\u00a0Value Added... Real Estate Sales<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa writes:\u00a0We look forward to new thinking in 2019<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa writes:\u00a0Blocking building permits for a model capital<\/a><\/p>\n

\n\n<\/p>\n

Mr. Abdulaziz Al-Issa writes:\u00a0Ministry of Housing. Questions not to be answered<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0Our associations... Millions and lack of action<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0Auctions reveal valuation<\/a>!<\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0How do you get past the market crisis?<\/a>!<\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0Inheritance auctions. tantalizing<\/a>\u061f<\/a>!<\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0NEOM project revives Tabuk real estate<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0Saudi Arabia's economic indicators support the construction sector<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0What's happening in the real estate market?<\/a><\/p>\n

\n\n<\/p>\n

Abdulaziz Al-Issa, editor-in-chief, writes:\u00a0Your success is subtle. Don't declare it.<\/a> Real estate prices<\/p>\n

Sale of real estate<\/h3>","protected":false},"excerpt":{"rendered":"

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