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Real Estate Development Process
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Flashcards
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Market Analysis
Assessing demand, supply, and economic trends to inform project viability.
Site Selection
Choosing an optimal location, considering access, visibility, and regulatory factors.
Feasibility Study
Analyzing the financial, legal, and technical aspects of the project to ensure success.
Acquisition
Securing control of the site through purchase or lease agreements.
Entitlements
Obtaining necessary approvals, permits, and zoning changes from local authorities.
Design Development
Creating detailed plans and architectural designs for the project.
Financing
Securing funding for the development project through loans, investors, or other financial instruments.
Construction
Overseeing the physical construction of the real estate development.
Marketing and Leasing
Promoting the project to attract buyers or tenants and executing lease agreements.
Operations and Management
Managing the property to ensure it's running efficiently and tenants' needs are met.
Disposition
Selling the property or transferring the ownership to another entity.
Renovation or Redevelopment
Improving or repurposing the property to enhance its value or functionality.
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