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How are properties developed?

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Anonymous

15y ago
Updated: 8/18/2019

Housing Developers can develop single family homes, multi-family apartment buildings or condominiums.

Usually, the investment to build single family homes is less than to build either apartments or condominiums. And when each home is sold, the developer receives a return on the investment.

A developer who wants a quick return, builds condominiums, and recaptures the investment as soon as the units are sold. A developer who is willing to wait for a return, builds apartment buildings, fills them and then sells the property when the value has increased.

Commercial Property

Developers usually build multi-use buildings in locations where the developer decides there is a need for a commercial building. The building can be a warehouse, a series of storage units, an office building, and so forth.

Commercial developers usually plan for a longer term investment than a developer who builds housing.

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15y ago

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