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“New construction appeals to seasoned homeowners and first-time buyers alike, and is a particularly good option during a heavy seller’s market,” says Jen Horner, a real estate agent with ...
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
New home construction, Pittsfield Township, Michigan Units under construction in Brighton, Victoria. Home construction or residential construction is the process of constructing a house, apartment building, or similar residential building [1] generally referred to as a 'home' when giving consideration to the people who might now or someday reside there.
Redevelopment projects can be small or large ranging from a single building to entire new neighborhoods or "new town in town" projects. Redevelopment also refers to state and federal statutes which give cities and counties the authority to establish redevelopment agencies and give the agencies the authority to attack problems of urban decay .
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
Real estate is durable. A building can last for decades or even centuries, and the land underneath it is practically indestructible. As a result, real estate markets are modelled as a stock/flow market. Although the proportion is highly variable over time, the vast majority of the building supply consists of the stock of existing buildings ...
Greater flexibility and reuse - When the needs change, modular buildings can be disassembled and the modules relocated or refurbished for their next use reducing the demand for raw materials and minimizing the amount of energy expended to create a building to meet the new need. In essence, the entire building can be recycled in some cases ...
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