Resources to Help You Start a Successful Real Estate Agency | Bplans

Real Estate Small Business IDEAS

Small Business Ideas / November 4, 2020

Then you need not worry as I will share with you ten real estate business ideas you can start in 2017 with little or no money? If you are ready to learn, then read on.

Are you wondering how you can maximize your income in the housing industry? Well, there are a lot of ways you can promote your real estate business and ensure a good amount of profit. Most people are aware of the various investment and business opportunities in the real estate industry but they are unaware of the hidden niches.

Real estate is serious business. The real estate industry has become a gold mine over the years, and many smart entrepreneurs have tapped into it and are making tons of profit.

People are always in need of houses and buildings, such as luxury mansions, average duplexes, small flats, office buildings, and warehouses. They look to either buy or rent buildings and structures of their choice, and they sometimes need to consult real estate experts or consultants before making their choices. This explains why the real estate industry abounds with business opportunities.

If you are eyeing the real estate industry and are looking for a suitable opportunity to tap into, here are 10 options you should consider.

2. Real Estate Development or Construction

Real estate development or property development, is a multifaceted business, that encompasses activities that ranges from the re-lease and renovation of existing buildings to the sale of improved land or parcels to others and purchase of raw land. Real estate development is considered being different from construction, although many developers seems to construct. Now if you have the financial muscle and a good team, then you can venture into real estate development or construction.

3. Real Estate Management Company

Now for those who don’t have the financial muscle to venture into real estate construction, you can still play in the industry as a real estate management company. In this case, it will be your company’s job to maintain and manage your client’s property on a commission basis while still making sure the cash flow from the property stays positive.

4. Real Estate Appraisal Business or Valuation Company

Real estate appraisal, land valuation or property valuation is another niche within the real estate industry that you can tap into. Now it is a known fact that you can never know the true value of a property by mere looking at it. Before a property is bought or sold, the buyers and sellers will like to have an estimate of what the property is worth. You can start a business around this niche and become an estate valuer or appraiser.

5. Start a Real Estate Agency or Brokerage Firm

This aspect of business in real estate industry involves/engages on letting of property, sale and purchase of Real Estate Assets on behalf of clients. They are involved in listing properties for sale. Real estate agencies hit balance satisfaction between buyers and sellers, as they approach each sales opportunity with victory-victory.

A real estate broker/real estate agent is considered to be one who acts as an intermediary between sellers and buyers of properties and makes an attempt to discover sellers who wish to sell and buyers who wish to buy.

6. Mobile Technology

One unique idea that is included in the top 10 real estate business ideas is the leveraging the use of smart phones to provide support to real estate clients. Through it, you can effectively communicate with existing clients that will make your service fast and promote your business to potential customers through information dissemination by text messages. It also enables you to store vital documents and access the internet making it very handy. Since most phones have these features, you wouldn’t have to spend in buying another mobile phone.

7. Real Estate Blogging

You can also create blog accounts for your real estate business and others. in return, you will be able to talk about your services and access a number of online users; while keeping them informed about developments in the real estate industry. Customers and clients can also comment and give suggestions in your blog that will give you a chance to gain their views and answer their concerns immediately. There are a number of sites like offering free registration for starting entrepreneurs.

8. Architecture

Architects draw and design houses and other structures before they are built physically. Architecture today has taken a step forward by now involving the use the use of 3D design software packages such as AutoCAD. If you have a knack for designing jaw-dropping buildings and structures, then you can make money by helping people come up with great designs. And you don’t even have to be a qualified architect to get started.