If you are to stand any chance as a home builder there are two things you need to do before you even begin, and those two things are research and marketing. If you want to have an advantage over other house builders in your area, you need to do these two things. Many builders simply operate from day to day. They dispense with market research. What you need to do is devise a market research plan and be prepared to follow it. Through your research you will be able to know what to do and when to do it.
Your market research starts with consulting real estate agents. A good real estate agent can inform you about the trends that home buyers are looking for when purchasing a home. You will also be able to list your property and sell it through your agent. Even if you think you can handle this aspect you should still use a professional agent. Not only are they the ones that will deal with the buyers, but they also work when you don't.
Some home builders consider agents to be dispensable, however this is one sure fire way of sabotaging your home building business. When it comes down to it, their services is invaluable. Always listen to what the agents tell you. Many builders make the mistake of not following the advice of the estate agents. If you think you might be one of them, change that now! The agent knows what is wanted, and they only get paid once the home has been purchased, so they will not advise you badly.
Contact real estate agents in your area. In doing so, you will be able to ascertain what the current market research shows as far as buyer preferences are concerned. They can inform you about the best home size to build, or what areas need to be altered and changed. Remember to be polite and friendly. What you put in is what you will get out.
Draw up a list of questions that you want to ask and record the answers that you get. Once you have consulted with 2 or 3 agents, compare their answers and look for common threads. Using these common threads will help you design the home you construct. You can move on to drawing up the plans once you have conducted this research. When you have the plans, try to secure meetings with the agents that you got consulted with. This will give you the chance to show them the drawings and hear their feedback.
Your business will do well if you put in the effort as far as market research is concerned, but also if you take the results of your research into account. Good real estate agents on your side can help you build homes that people want to buy.
Your market research starts with consulting real estate agents. A good real estate agent can inform you about the trends that home buyers are looking for when purchasing a home. You will also be able to list your property and sell it through your agent. Even if you think you can handle this aspect you should still use a professional agent. Not only are they the ones that will deal with the buyers, but they also work when you don't.
Some home builders consider agents to be dispensable, however this is one sure fire way of sabotaging your home building business. When it comes down to it, their services is invaluable. Always listen to what the agents tell you. Many builders make the mistake of not following the advice of the estate agents. If you think you might be one of them, change that now! The agent knows what is wanted, and they only get paid once the home has been purchased, so they will not advise you badly.
Contact real estate agents in your area. In doing so, you will be able to ascertain what the current market research shows as far as buyer preferences are concerned. They can inform you about the best home size to build, or what areas need to be altered and changed. Remember to be polite and friendly. What you put in is what you will get out.
Draw up a list of questions that you want to ask and record the answers that you get. Once you have consulted with 2 or 3 agents, compare their answers and look for common threads. Using these common threads will help you design the home you construct. You can move on to drawing up the plans once you have conducted this research. When you have the plans, try to secure meetings with the agents that you got consulted with. This will give you the chance to show them the drawings and hear their feedback.
Your business will do well if you put in the effort as far as market research is concerned, but also if you take the results of your research into account. Good real estate agents on your side can help you build homes that people want to buy.
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