Business startups are the new trend in town. Some have a million dollar idea while others have a passion and perseverance to succeed. Whichever the case is, the options in starting a real estate based startup is relatively limited and while it requires a lot of hard work, is not something which requires special genius to manage. Here are a few types of startups you may start in your own town without massive investment capital and no brilliant idea.
Real estate developers
If you have the money and a knack for finding out little plots of land which seem to magically go up in prices, a business in real estate development is for you. You do not necessarily need to start off with acres of land. Find small plots, clean it up and put it up on the market. If you can cut a deal with the owner to be the middleman instead of the buyer, you won’t even need the extra money. Instead, you can spend that money on the advertising of the land and even multiple small lands and be the connection between the buyer and the seller. The one talent that you need is to be able to find potentially valuable pieces of land. Studying the future urban or development plans of the towns and the social patterns of the people will give you a basic idea of the future trends in land purchase to come. Understanding these trends will help you make better, more informed choices in picking the ideal lands to promote or develop.
Land is not only about buying or selling alone. Property conveyancer is a person who handles the sales or purchases of land for you.
If you are in a country with a lot of expats or frequently visited by foreigners who buy and sell property on a regular basis, starting a conveyancing services firm is extremely profitable. These form of people prefer to spend that little extra cash to complete the transaction without the added legal and administrative hassle. Being of a foreign country does not help either.
As mentioned before, you do not need to purchase land to develop them, rather, becoming the middleman is a lot cheaper in terms of investment capital and is the less risky option. Advertising and providing support services to the real estate development industry is a lot more lucrative and is a good initial startup to begin with. People require expertise when purchasing land, in terms of the soil conditions, the build ability, regulations and so on, if you have a broader perspective on the industry, proving all these services under one roof will be an interesting and lucrative business model.