When considering real estate development, there are two main paths a developer can take – either ground-up construction projects or renovation projects. Both have advantages and drawbacks, and it’s worth assessing the local real estate market and analyzing which approach best meets the needs of that market.
As a real estate developer, it’s important to consider the best site for your new project. The choice of location could have more influence on the success of your development venture than any other single factor. Some of your options include infill, existing, and new development.