SkyFive Properties Blog

Real estate businesses come in various forms, such as real estate agencies. Some people prefer to own and manage residential and commercial properties, such as apartments, condominiums, townhouses, attached family residences, offices, and buildings. Others flip or buy low-priced properties, and then renovate them to sell them at higher prices.

With the growing complexities of managing a real estate business, it’s time to upgrade operations for long-term success. Check out the top real estate business solutions below to help you achieve this goal.

• Real Estate Cloud Technology 

How do real estate business owners manage data?  Data or information is crucial in the success of any business, including real estate.

Modern real estate business processes require data access from multiple subsystems. For instance, building owners need to know and access data on utility bills, tenant complaints, repair service requests, etc. However, data integration is often difficult without the right technology, making rental property operations more tedious and challenging.

The business solution to help address data management, security, and governance issues is cloud technology, such as WideSky for Industry. Cloud technology is an innovative technology that stores and processes data through the Internet, providing data on-demand.

Cloud technology platforms can support both legacy systems and new Internet of Things (IoT) systems for seamless operational data management. Real estate business owners and managers can save time and effort using advanced analytics with cloud technology.

You can easily access, view, and analyze relevant business data using a cloud platform. There’s no need to wait for landlords to gather data and create manual reports because everything is in one place. By doing so, you’ll have more time to manage the other critical aspects of your real estate business, which can help you make quick yet intelligent, data-driven decision

• Real Estate Customer Relationship Management Software 

Real estate agencies handle tons of tasks every day, from tracking leads, to communicating with buyers and sellers, to managing contracts. Without the right business solution, there’s a possibility of unopened emails, unanswered phone calls, or missed vital information that can impede business growth.

A key real estate business solution that can help manage customers better is customer relationship management (CRM) software. Real estate CRM can help in real estate business management more effectively and efficiently.

Real estate professionals can keep communication history and contacts centralized for easy search and access. With CRM, users can track emails and manage contracts quickly to avoid missing important information to close a sale successfully.

Moreover, realtors can use real estate CRM as a marketing tool to create more effective campaigns and generate new leads. This business solution keeps users updated on their leads’ progress in real-time, allowing them to follow up and provide options. In that way, they can easily retarget old customers and convert new ones.

• Real Estate Mobile Apps  

Many real estate businesses have websites. However, the problem is that most potential clients are using mobile devices to access real estate websites. A website that fails to provide seamless mobile navigation and information tends to lose potential clients. Hence, this problem can lead to real estate business failure.

The best real estate business solution to resolve this problem is investing in real estate mobile apps. With a mobile version of a real estate website, people can easily access and navigate landing pages. They can clearly see the texts, photos, and other details of the properties they want to know more about when using their smartphones and other internet-capable devices.

• Real Estate Property Value Estimation 

Machine learning (ML) and artificial intelligence (AI) have been used to predict patterns, or create forecasts and projections. ML and AI are the technologies behind property value estimation in the real estate industry.

With ML algorithms, realtors can predict how much commission their respective businesses will earn after closing a deal. The pattern recognition of ML can help predict and determine if a property becomes in demand in the market. This technology allows real estate professionals to analyze trends quickly and create timely marketing strategies.

Indeed, including a real estate property valuation estimation in your business toolkit is crucial. This business solution avoids guesswork and provides more accurate data when evaluating the value of a property to keep up with the tough competition and close more real estate deals.

Conclusion 

Real estate business owners can embrace the above solutions for a more straightforward and profitable business. Choose a suitable real estate business solution for you to obtain adequate operational support, and save time, effort, and money in the long run. So, don’t hesitate to talk to a reputable solution provider to determine the best system features for your real estate business.

If your family is growing, you’re probably on the lookout for a home that will accommodate your changing needs. But what exactly should a family home have? If you’re a first-time parent or haven’t yet put much thought into the type of home your kids would love to have, then this blog will be incredibly useful. You’ll be able to get a better idea of the types of features you need to keep an eye out for when buying a house with little ones in mind.

The neighborhood

One of the most important parts of giving your children a safe, nurturing home is the neighborhood you live in. A dangerous neighborhood where your kids can’t play outside freely or get the best education possible will most likely hinder their development. Even if the neighborhood you live in isn’t particularly bad, some areas are better suited to raising children and may have a more community feel. But getting a feel for a neighborhood is easier said than done. Luckily, Compass, the real estate broker has lots of agents who are well-versed in different neighborhoods around the country, so you’ll be able to get lots of information before you buy a home.

Size

When children are young, they often don’t mind sharing a room, particularly if they’re a similar age to their siblings. However, as your children grow up, it’s a good idea to give them their own space. Having a room for each of your children in your new home would be ideal, even if the rooms aren’t particularly large. If you think you might have more children in the future, try to find a home with a spare room so you don’t have to relocate again in the future if your family grows again.

Outdoor spaces

Most kids love playing outside in the garden, especially in the summer months. If you’ve always wanted to give your kids an inflatable pool or plastic slide, you might want to look into homes with a sizeable garden. However, if a garden is out of your price range, consider moving to an area where there are lots of parks or nature trails so your kids don’t miss out.

Storage

As children grow up, they’ll start to accumulate more and more things. While some of these things can be passed on to others or donated to charity, many toys, books, and games will need to be placed in storage. It’s wonderful to be able to look back on items you had when you were a child, so choosing a house with an attic or basement will help you to hold onto your little ones’ childhoods for as long as possible. Alternatively, choose a home with a garage so you can store any bikes, scooters, and sports equipment safely out of the way when it’s not in use.

Every family will have different needs when searching for a home, so make sure you create a personalized list that’s right for you before jumping into a purchase.

There are many types of homes in Florida, with many of these types showing up in Clermont. These homes will fit any type of family and there is a good style for every family.

These homes are mostly found in towns throughout the south, especially the southwest and the southeast. You can have an agent from Family Florida Realty help you to find the style of home that is best for you. They have been helping families for years to find the right homes for their family. Listed below are some styles of home that you may see in the Clermont area.

Spanish Style

            When you think of a Spanish style home, you probably think of white walls and red roof tiles. These are common features of the Spanish style home; they are inviting features that can make you feel right at home. There are different names for Spanish style homes, including Mission style, Moorish, and Monterey to name a few.

            These types of homes usually have red tile roofs that are usually made from terra cotta, cement or slate and are extremely long-lasting. They have stucco walls and wood support beams that are from the early homes that were made from adobe and need the wood beams for structure support. They are usually for decorations today.

            There are usually lots of curves and arches in Spanish style homes, highlighting the spaces of the homes. There are also simple, clean decorations that are common in this style of home, making the home look clean and bright all the time.

Mediterranean Style

            The Mediterranean style of home is usually a two-story home that features a luxurious style that is great for families. These homes are a reminder of homes built by the coasts in Europe, and that style feels like it belongs in Florida. Some of the Mediterranean style features are reminiscent of the Spanish style home, but this style has its own unique features.

            Some of the features that you will see in a Mediterranean style home are white brick or stucco that have no color. You will have low-pitched roofs that are usually red or brown, and you may see multiple balconies surrounding the home. Wrought iron and metal work are also unique features of this type of home.

Coastal Contemporary

            Coastal contemporary homes do not have to be on the coast, their style just makes you feel that you are waterfront. They give off a vacation vibe and living there you will always feel as if you are on a permanent vacation. You will not usually see a nautical theme to these homes, there is a more subtle look of the beach.

            Some features you may see in the coastal contemporary home would be muted and bright colors helping you to feel calm and comfortable. You can decorate them to be modern and traditional, making it fit your individual tastes. Texture is an important part of the décor, helping you to feel as if you truly are on the beach.

Victorian Architecture

            Homes with Victorian architecture have tall, slender buildings with lots of unique and charming details around the windows, porches, and trims. They have small windows, but they have a lot of windows to let in the light from the outside. You can read more about Victorian architecture here: https://en.wikipedia.org/wiki/Victorian_house. These types of homes are usually found in older cities, sometimes many of these homes are close together in a row.

            Victorian architecture style homes usually have steep roofs that can look like church steeples. These homes also incorporate different shapes, sometimes square and rectangular mixed with round architecture. These homes sometimes have carriage houses, that used to house horse carriages, attached to the property.

Ranch Homes

            Ranch homes are usually one-story homes that spread out over a large piece of land. The features of this type of home include single-floor space that makes it easier to get around, sliding glass doors that open up the space to the outdoors and bigger backyards.

            The ranch homes also have big garages, sometimes three or four car garages, that allow you to park your car off the street and out of sight. These homes are also asymmetrical, usually being an “L” shape or a “U” shape. These homes are comfortable and easy to take care of since they are all on one floor.

Craftsman Bungalows

            Craftsman bungalows were started during the Arts and Crafts movement and have beautiful details with a variety of materials to make them homey. There are these types of homes in Clermont, Florida to make you more comfortable. These homes have many unique features that are not a part of any of the other styles, most of which is that they have no wasted space.

            Some of the other features of the craftsman bungalow are front porches that invites neighbors to come sit a while, chimneys, and fireplaces, living rooms that are the centerpiece of the home, and many window – some of which are stained glass. They also have built in furniture such as built-in bookshelves and decks and benches.

Art Deco

            Art deco homes are usually found in the bigger cities, but they can be found anywhere, including Clermont. They are usually ultra-modern, and they are inspired by art featured in the cities. This type of architecture is usually used in offices and buildings, but many cities have design districts that feature this type of home.

            Features of an art deco building or home include smooth stucco walls that are usually white, bold decorations that resemble art, and flat roofs. You can read more about art deco homes here. They also include new materials such as metal, mirrors, glass, and neon, making the home stand out in the crowd.

There are many types of homes that you might find in Clermont, each one of which will be a great home for your family. There are types for every type of family, and you will find one that is perfect for you.

Do you plan on moving your items to a storage unit in Baton Rouge? Whether you are relocating, renovating your home, or going on vacation, you need a system to ensure that your stuff is in safe hands. However, it is important to prepare accordingly before taking any steps. Proper preparation will help you save money. It can help ensure that your items stay safe.

Take the following steps before moving your items to a storage unit.

• Pack Properly

While boxes may be convenient, you should consider packing your items in plastic bins instead. Clear, airtight plastic bins keep your items safe and make finding things when you need them easier. You don’t need to look through numerous bags every time you visit the unit.

If you have to use boxes, make sure they are labeled clearly and appropriately. Your boxes have to be sturdy for long-term storage. If a box has multiple items, create an itemized list. For example, ‘pans, crockery, and pans’ is better than a general label saying ‘kitchen items.’

• Learn About Storage Restrictions

Do some research to understand the restrictions of different storage facilities. Find out what you can or can’t keep in your unit. You should receive a list of restricted items when you first contact them. Do not be afraid to ask if you don’t get the list.

Most cheap storage units Baton Rouge will have restrictions on items like fertilizers, gasoline, narcotics, fireworks, and explosives. Anything that is flammable is inappropriate for storage in a unit. Other common no-nos include medicine and perishable foods.

• Think of Your Personal Items

Some items may feel too personal to keep in a self-storage unit. Think about everything you want to put in storage and plan appropriately. Some items need to be stored well before being placed in a storage unit.

Pay attention to the amount of storage you will be getting as well. The more you have to store, the bigger your storage unit. Bigger units will cost you more than smaller ones. If something isn’t valuable, sentimental, or useful, consider selling or donating it.

• Clean and Vacuum First

Clean and vacuum your belongings before putting them in storage. If you don’t, they will stink up your space when you finally retrieve them. Thorough cleaning first may help prevent the mildew, and musty scent.

Consider wiping down surfaces, vacuuming your cushions, and disinfecting appliances while you prepare them for storage.

• Create an Inventory of Everything You Have

Putting your things in storage can be a chaotic time. In the midst of everything, it is easy to get things mixed up. You may end up forgetting what is stored. Create a detailed inventory of everything you will be storing. From big furniture pieces to smaller knick-knacks, you should have an idea of everything you put in storage. Keep a copy and place another one in the unit.

• Safeguard Your Items From Outside Conditions

If you won’t be using a climate-controlled storage unit, you would be smart to take matters into your own hands. It is the surest way to ensure that your belongings aren’t damaged.

If you do not take the appropriate precaution, moisture, dust, and mildew are likely to develop. Ensure that everything is dry and that your boxes are sealed tightly to keep moisture off.

Consider using some protective spray on your leather goods and furniture. Place mattresses in special storage bags and pack clothing pieces in wardrobe boxes or garment bags.

Will you be moving soon? Putting your items in storage may be a good idea. It is also a great tip for decluttering or keeping your valuable possessions safe. Whether you are looking for temporary or permanent storage, there are many options for you in Baton Rouge, Louisiana.

Before moving your items to a storage unit, keep the above tips in mind. Tossing everything into a unit without careful consideration is easy. However, it could cost you a lot of money in the end.

 When swimming pools were a rarity and only featured in rich homes and high-end hotels, you could get away with a barebones design – an excavated, cemented hole in the ground filled with water. Now that they’re a mainstay in modern Australian homes, you must go out of your way to make yours stand out.

A beautiful pool does more than make your friends envious. It’s a statement of your classiness, provides an unrivalled relaxing experience, and increases your home’s value.

So what are the characteristics of a luxurious pool? Recreate a spa-like experience in your home using the following luxury hotel pool design ideas.

Check Water Quality

A swimming pool can’t be comfortable and luxurious if it has dirty water. Ensure that your backyard oasis has clean water by investing in a high-quality filtration system. Also, check pool chemical levels regularly. 

A quality filtration system makes the water safe for consumption by neutralising potentially harmful chemicals. This benefits your physical well-being and the environment. 

Apply a Stunning Finish

As mentioned earlier, traditional pools had basic features – for instance, the floors had bare concrete or simple tiles. You can transform an otherwise stale swimming experience into a luxurious one by installing the finest mosaic or porcelain tiles.

These tiles are customisable – you can choose bespoke colour blends or even create a replica image on your pool’s floor using them. This is the epitome of lavishness. 

Install LED Lighting

Adding LED lights is another way of adding sumptuousness to your swimming pool. Unlike traditional halogen bulbs, LED light fixtures are easy on the eye and consume less electricity. They’re also long-lasting.

Additionally, LED lights are customisable. Most come with a remote control that allows you to change colours and intensity to match the occasion. For instance, you can use green or blue during parties or red during date nights. 

Add Spa Features

Spa-like features are often the main difference between hotel pools and the pool in your home. Although it costs a substantial amount to have these additions, they add a touch of elegance to your swimming area. 

You don’t have to transform the entire pool into a wellness area; a small section on one corner is enough. Start with inexpensive features like adding therapeutic scents. You can do this by growing plants like lavenders or lighting scented candles. Later, invest in pool heating, underwater lights, and a music system for cool, relaxing sounds. 

Add a Comfortable Seating Area

Most people over-emphasise the pool itself and overlook its surroundings. Remember that people won’t be swimming throughout. It’d be best if you had a designated area for relaxing and recuperating the energy used in the water.

A comfortable seating area is a must-have. You can make it better by adding a poolside bar or an outdoor kitchen, such that people can take a bite or enjoy their favourite drinks while relaxing. 

Install Water Features

Water features allow you to customise your swimming pool experience further. For example, a waterfall recreates swimming in a natural environment since you can hear the water as it falls. On the other hand, showerheads enable you to recreate tropical rain and misty conditions. 

Moreover, you can use water features to evoke other senses. Music induces hearing, lighting evokes vision, and pleasant scents conjure your nose. These take your swimming experience to a higher level. 

Final Words

From cascading waterfalls to bespoke pool flooring, homeowners have different ways of showcasing their creativity and making their swimming pools more luxurious. It costs more money, but the excitement you get makes up for the additional expenses. 

It isn’t an obligation to install all luxury features at once – you can do it gradually and achieve your ultimate goal. 

You can hire a shipping company to move abroad. They can assist you in different ways. You need to manage several things at a new location as well as it is not easy to wind up things easily. So, you need a service that can manage all things related to shipping your home equipment to the new location. For this purpose, you need to hire a reliable shipping company. There are some points that you need to consider about them.

This is the time to hire a reliable shipping company to handle all your tasks. It will be an excellent option for you to help you manage your responsibilities in old and new destinations. Learn more about hiring a shipping company.

What is their shipping policy?

It is essential to check the shipping policy of the company. It will help you know how they will be helpful in the entire procedure. You can hire an international moving service to handle all these services. The world’s best administrations are on their contract, and they send your orders with the help of these companies.

If you want to know more about our shipping policies, you can simply contact us on your own. If this product is given to the wrong address by any mistake, we will contact the recipient and ask him to deliver it to the correct address, and they will compensate for all these charges.

What are their charges and rates?

You need to follow the rate policy of the company regarding the shipping. The policy and the rates change as per the change in the company’s price or other reasons. For each item, you need to check the company’s policy and charges for your parcel or package. They charge as per the weight in pounds or kilograms of the package.

The cost of shipping mainly depends upon two things, i.e. the distance and weight of the package. The international moving companies to Sacramento charge for shipping goods from 3kgs to onwards. For counties which are not mentioned, it goes up higher. If the weight increases, an extra price is charged. These rates are standard, and they are imposed to ensure that the shipment is safe and secure. A lot of time, free shipping results in losing an order, so it is better to charge some extra bucks in return for providing the quality services.

What is their delivery time?

You will get updates on where your package is this time at every destination. Weekends and National Holidays extend the delivery time. If you want to ask any question relevant to the policy of shipping, then you can contact the team at any time.

Where to keep the equipment before delivery?

Talking specifically about self-storage places would be a more important topic. Despite the low cost, it is very spacious and well furnished. They have all the necessary facilities that one would require. You can demand the additional features by paying the extra charge for it. There is nothing that you won’t find here. The majority of the people love to decrease their cost for this storage facility because they need space for a long time. The best factor of this service is to provide a wide area on a temporary and long-term basis at an affordable price.

You will get the proper air ventilation system, protective surroundings, walls, roof, security alarm system, properly furnished interiors, and much more.

Are they reliable?

An efficient shipping company will be your passionate partner, an expert in fine material, capable of rendering exclusive offers for clients and excellently presenting customized services. Among the clients, this is admired for providing frank assistance to the customers who need quick and reliable mail and parcel forwarding services at different country destinations. For offering instant delivery, they are an ultimate choice of a majority of the users.

Conclusion

They can provide you with complete assistance and handle the entire procedure of shipping the goods from one place to another. The skilled and experienced team at the shipping company can do their job efficiently without any hassle. They prepare complete documents and handle the entire process without disturbing you. Moreover, you can track them anytime.

Stunning architecture, world-class amenities, room service to your residence at any time – these features of condo hotels are quite enticing and seductive, aren’t they? Throw in consistent monthly cash flow while you are unable to use your unit, and this formula of homeownership sounds quite attractive.

Owning a piece of a world-class hotel brand is ultra-prestigious as well, isn’t it? Imagine declaring that you own at the Ritz-Carlton or Canyon Ranch.  There is a reason for the term ‘brand equity’. When you buy into a luxury condo hotel brand, you immediately inherit all of the best that the brand has to offer…don’t you?

There is no doubt that hype and highly sophisticated marketing and pr machines are painting a very rosy picture of the lifestyle gained through condo hotels, but are they better deal than straight condo purchases? The good news of highly successful development launches is constantly seen via the media.

But on the flip side, there are also situations like Canyon Ranch Miami Beach (see more of the story here) where condo hotel owners have been kept in a merciless purgatory waiting to see if their beloved brand will fade away into a less prestigious hotel operator. Through this post, we’ll examine if condo hotels are a smart investment by looking at the pros and cons involved.  We’ll also take a look at what is behind the latest NAME craze trend in luxury real estate.

Before building a house, you need to make many decisions. Here are some of the most vital ones that you need to look into when building your new home.

Location of the House

When building a home, it is vital to consider the site location. The location of your property can have an impact on its value and whether or not you can build what you want.

If you want to build in a particular area, you must find out if there are restrictions on building and what these restrictions are. You should also ensure that there are no planning issues concerning the area where you want to build. If there isn’t anything specific preventing construction, take into consideration what kind of building is already present around where you intend to build.

Is there enough space? Is there too much noise pollution? Can people see inside their homes, resulting in privacy concerns? These all need careful examination before they’re addressed during construction so that one doesn’t run into any surprises later down the line (which could cost thousands).

The Type of Home You Want to Build

You should start planning the design of your home by determining what type of home you want to build. Is your budget for a single-story or two-story house, and does it have a basement? Do you prefer ranch, colonial or modern architecture?

Are there specific features that will define the look and feel of your new homes, such as the number of bedrooms, bathrooms, and parking spaces? Consider how much land is available for building and how many stories in height would be ideal for your lifestyle.

Architects and Designers

The process of building a new home can be overwhelming, especially if it is your first time. It is best to start by finding an architect or designer who is familiar with the process and has experience in designing quality homes in your area. That will help you better understand what goes into building a home and how long it takes for each step of the process to occur.

Architects are responsible for creating exterior and interior designs for all projects, including commercial buildings, houses, and apartments. They also create plans that illustrate how their designs should be constructed on paper so that contractors can build them properly when construction begins (see Resources).

You can also consider hiring a company that specializes in custom and new construction builds. From the design to the execution, the construction company will take care of it all. You just need to help them realize your designs and plans. Leave the rest to them and their expertise.

The Floor Plan and Size of the Home

When building a new home, it is crucial to consider the floor plan and size of the home. The floor plan should be well thought out to ensure that all rooms are easily accessed by members of the family, including children and seniors.

The size of your house should also be appropriate for your family. It may seem like a great idea at first to build an expansive mansion with enough space for everyone, but as time goes on, you may find yourself struggling with too much space. You can always add another room later if need be!

Permits and Taxes

When building your new home, you might wonder about the process of obtaining permits and filing for taxes. Permits are required for the construction of most buildings in the United States. They are issued by local governments, who assess whether or not a particular project meets their standards and requirements. The town council will then decide if they want to grant permission for that project to begin.

Taxes are also necessary parts of life, especially if you live in America! If you’re planning on purchasing land and building your own house on it, it is only fair that you pay taxes on its value when it comes time to sell it.

Taxes are calculated using one’s income level during the year preceding the sale: if someone has earned more than $200k during that period—congratulations! You’ll be paying more taxes than other people who made less money than yourself (but don’t worry; we’ve got some advice later on how that doesn’t have to be as bad).

Budgeting

Budgeting is a fundamental part of any construction project. It is not just about money but also time and resources. It is vital to make sure that you have a realistic budget plan in place so you can stay on track with your goals.

• You need to prioritize your goals and objectives: The first step in budgeting is deciding what your end goal is—what do you want the house to look like? What features do you want it to have? How big should it be? Prioritizing these things will make it easier for you and your architects or home builders to create a plan that works within these parameters.
• Be flexible with your plans: Even if everything goes accordingly during construction, there may still be times when unexpected changes arise (e.g., material costs rise unexpectedly). For these unexpected changes not to derail the project, make sure everyone involved in the process understands that possibility from day one.

Once you have looked into all these factors, you are ready to start the construction of your new house.

It’s no secret that the past couple of years has had their share of ups and downs. With the global pandemic and the unsureness of how the economy would respond, the thought was that the real estate market would be stuck in neutral or even experience a slowdown.

What has happened is actually quite the opposite. The real estate market has been hotter than ever this past year and it leaves homebuyers wondering: What can we expect out of the market in 2022?

This article is going to take a look specifically at what to expect in the coming year in some best small towns in Tennessee. We’ll cover three major areas that have become popular sell in the state: Nashville, Memphis, and Knoxville to give a good idea of what Tennessee homeowners are facing.

Nashville

The Nashville real estate market has been booming for years! With plenty of new industries setting up shop in the city, ample job opportunities in many different fields, and lots of new housing being constructed, it’s no wonder why this area has become increasingly popular for new and experienced homebuyers alike.

Although the market has been hot in Nashville for the past few years–the average home price has increased by about 22 percent in 2021 alone–there’s one issue that’s hurting the industry: inventory. This is a common issue all across the country and Nashville is no different. Looking at December year-over-year, new listings decreased by about 34 percent and 2022 doesn’t look to show any improvement. This creates a very competitive real estate market and will continue to influence the cost of housing in the coming year.

In 2021, the average cost of a single-family home in Nashville was $437,362 and condos were selling for just under $300,000. This is a big jump from 2020, as the previous year saw averages of $345,000 for a single-family home and about $245,000 for condos. While 2022 may not see the same skyrocket of prices, experts predict that home values will not come down any.

Memphis

Memphis had a great run all throughout 2021. In fact, Memphis was reported to be one of the hottest residential markets in the entire country! As with Nashville, Memphis home values rose significantly from 2020 to 2021. Not only that, but the quantity of home sales increased as well, by about 15 percent, compared to the previous year according to the Memphis Area Association of Realtors.

Looking ahead into 2022, it seems like the Memphis metro area is going to continue on its successful trend. Sales are projected to rise above the national average by about 7 percent in the coming year and the cost of homes will likely increase as well. This desirable area of Tennessee will remain one of the top-selling markets for residential real estate.

Affordability is one of the driving forces behind Memphis’ real estate success. Compared to Nashville’s average home value in the $400,000s, the median home value in Memphis has sat around $245,000 this past year. The rental rates in Memphis are also quite competitive and are expected to rise by about 7 percent in the next year. This will only increase the desire to buy in the city.

Knoxville

At the other end of the spectrum, it appears that Knoxville’s housing market is finally beginning to settle down. The past year saw unprecedented numbers in the city, with home prices up by 27 percent year-over-year in August. That being said, real estate experts predict that Knoxville will not see a major decrease in numbers, but the market will stabilize in 2022.

Interest rates are currently sitting at an all-time low and heavy competition combined with double-digit price growth has priced out many potential homebuyers in Knoxville. In 2021, first-time homebuyers made up just 28 percent of the real estate market compared to the national average of 40 percent, according to the National Association of Realtors.

Knoxville is also seeing tight inventory just like the rest of Tennessee and much of the U.S. Experts predict that this will not change by much by the end of 2022, although some growth may be seen, just not to the levels of pre-pandemic supply. This shortage of housing will continue to create a competitive market for residential buyers.

It seems that 2022 will be a year of continued growth for the Tennessee real estate market. With inventory slowly starting to climb, it’s likely that prices will cease the skyrocketing increase we’ve seen in the past year. Regardless, it seems that Tennessee will remain a top-selling market for a while longer.

There’s never a bad time to become a property developer.

In 2020, there were well over 5 million existing homes sold in the US. The commercial real estate market is valued at over $1 trillion in 2022. In short, it’s never a bad idea to start working in real estate.

In this post, we’re going to tell you how to become a property developer with this simple guide. It can seem daunting to seek out property developer jobs because the market is so big. Keep reading, however, and you’ll have a roadmap for how to get started in real estate.

What Does a Real Estate Developer Do?

A real estate developer is someone that takes a piece of property, whether it’s vacant or has obsolete buildings on it, and rejuvenates it in order to sell. This might include renovating homes, offices, retail locations, or industrial sites.

In addition to working with property owners to develop a plan for their real estate, property developer jobs often include securing property development funding from investors. Any given project could take months or years to come to fruition, which is why property developer careers are for a very specific personality type.

Getting Educated

The first thing you need to do to become a real estate developer is get the proper education. The best thing to do is enroll in a business course and seek a program specific to real estate. Many MBA programs have real estate concentrations that are perfect for transitioning into real estate development.

With the right program, you’ll gain knowledge of real estate law, finance, public policy, as well as urban planning, and architecture. Some programs offer work placement that can give you the contacts and experience to get started in real estate development right out of school.

All of this said you don’t need a specific education to become a real estate developer. If you work in an adjacent field and have real estate knowledge, you can quickly transition into development.

Gaining Experience in Commercial Real Estate and the Home Building Process

Experience is the most important thing. You aren’t going to become a real estate mogul overnight, so you need to work with the right people and become exposed to the right practices and procedures.

One path you can take is to work for a development company. Property developer jobs aren’t easy to get right out of school, but it’s the best way to get the right experience.

The other path would be to take a job in real estate in general. Becoming a house flipper or going into commercial construction can give you the tools you need to transition to a property development career down the road.

Learning How to Become a Property Developer

Now that you have a better idea of how to become a property developer, you can seek out the education and experience to make it happen. You can earn an amazing living in real estate as long as you’re willing to put the work in. Before you know it, you’ll be transforming properties and making loads of cash doing it.

If you liked this, visit our site for more on real estate and construction.