5 Tips to Start and Grow Your Real Estate Development Business

Moe Mathews
4 min readJul 1, 2022

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It’s no secret that the real estate industry is booming. From Silicon Valley to down-and-out urban revival centers, the demand for affordable housing is growing at an alarming pace. In order to keep up with this demand, many new and existing development companies are getting into the business of creating single-family homes, apartments, and other residential real estate. While this can be an exciting and profitable venture, it also comes with its own set of challenges.

To help you get started or build your real estate development business from scratch, here are some helpful tips by real estate expert, business coach, and professional speaker, Moe Mathews.

Plan your marketing strategy

As Moe Mathews indicates, one of the best ways to get your real estate development business off to a strong start is to plan out your marketing strategy. Start by brainstorming a list of strategic marketing goals and creating a marketing plan to meet those goals. What is driving your business? What are you trying to accomplish? What are your competitors doing?

Marketing strategies vary depending on your particular business. However, here Moe Mathews shares a few things to keep in mind. For example, if you are an investment company that wants to sell vacation rentals, you’ll want to focus heavily on your rentals’ location. But if you are an Airbnb host trying to sell your rentals, you’ll want to focus on your hosts instead. Ultimately, your marketing strategy should help you meet both your short-and long-term goals.

Assign a team of real estate professionals to your projects

According to Moe Mathews, one of the best ways to get your real estate development business off to a strong start is to find a partner with common interests and a proven track record in real estate development. Your team should be made up of people with a wide range of skills, from marketing to construction. Ideally, this team should include people from different backgrounds, so that you get a balanced perspective on real estate development.

Stay within your budget

One of the best things you can do to help your real estate development business succeed is to stick to a budget. Moe Mathews indicates that this will help you stay focused on your core business, and it will also help you stay within your budget.

If you’re thinking of going into real estate development by yourself, remember that the industry is extremely competitive. You need to be nimble and flexible, able to adjust your strategy as needed. If you find yourself in a situation where you’re spending more than you think you’re worth, take a look at what other entrepreneurs are doing and see if you can borrow some ideas.

Learn everything you can about the property market

In Moe Mathews’ opinion, one of the best things you can do to help your real estate development business succeed is to learn as much as you can about the property market. What are the prevailing trends in the market? What are the challenges and opportunities in the market? What is the best way to market a particular property?

You don’t have to be an expert on real estate to Answer these questions. A real estate developer can usually benefit from the knowledge of others, including Real Estate Brokers and developers with experience in the field. After all, you don’t know what challenges or opportunities will appear in the future. So, by learning as much as you can now, you’ll be better prepared when those challenges and opportunities arise.

Don’t be afraid to shake up your real estate development Business

One of the best things you can do to help your real estate development business succeed is to shake things up. Real estate developer Moe Mathews claims that this will help you stay focused on your core business, and it will also help you stay focused on your competitors. For example, one of the best ways to boost the value of an underused property is to put it up for auction.

When an underused house is up for auction, many potential buyers aren’t aware that it may not be as valuable as they first thought. So, when you put your house up for auction, you not only put yourself up for sale, but also tens of thousands of other potential buyers. By holding your house open for bid, you’re also helping to lower the price of the property.

Conclusion

Real estate development is a highly profitable industry that can make a big difference in a person’s life. It is an exciting and profitable industry to get into, but it also comes with its own set of challenges. These tips by Moe Mathews will help you get started with your real estate development business.

Originally published at http://moemathews.wordpress.com on July 1, 2022.

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