Real Estate Development , in terms of its material content, includes two main components: – repair, construction, installation or other construction work on buildings and land; – changes in the functional use of buildings ( reconstruction of buildings ) or the ground. Essence of the real estate development – management of investment real estate projects,
Real Estate Development , in terms of its material content, includes two main components: – repair, construction, installation or other construction work on buildings and land; – changes in the functional use of buildings ( reconstruction of buildings ) or the ground. Essence of the real estate development – management of investment real estate projects, which includes: – choice of cost-effective project – obtaining all necessary permits for its implementation by the relevant authorities; – definition of investment, development mechanism and modalities of their return, if necessary; – find and attract investors ; – the selection of contractors, funding their activities and monitoring their performance; – implementation of established property or transfer it to the customer service. Thus, on the basis of the above assumes that the result of a developer is, of course, the material property changes, but at the same time that the basic content of his work is not to change this, but in the organization of these changes.
Implementation of the investment project assumes that the real estate development and operation of the developer passes through the following steps: – assessment of the likelihood of the project property , which is based on data from long-term economic trends (population data, the prospects of the real sector and households) and the assessment of the degree of development of financial and tax systems and in particular the expected cost-effectiveness of the project, assessing the status and prospects of the real estate market, the possible and most cost effective location of the project. As a result of this phase of the decision on the feasibility and appropriateness of the project and the application for its implementation in the relevant organs of state and municipal government. – to determine the conditions of the project and develop a business plan for its implementation, which includes the following activities: Identifying opportunities for implementation investment project, the definition of total cost for the project and their effectiveness, a detailed analysis of the markets associated with the investment project (real estate, financial, contracting) identification of possible sources of financing (own funds, borrowed funds, raise funds, etc.),
Permits appropriate state and local government agencies and the advertising company to build the necessary public opinion on the implementation of the proposed project design , coordination of the conditions obtaining in the lease (purchase) of land, – the development of the project (development) of real estate , suggesting specific steps to attract financial resources (emission and placing on the market of securities, shares of joint-stock company, established for the project, obtaining loans from the financial institutions, the spread of the bond issue, etc.), engaging and contracting with design and construction contractor for the design and material of the investment project, the organization funding to provide material construction , and monitoring its progress; sale of the object (put into service), the return of invested fundsScience Articles, the calculation of the creditors. recommend to visit the site of one of the leaders of the construction market of Ukraine: the building company “Maximum Construction”