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The 10 Types of Work when hiring a property consultant

So what are the big boys in property consulting offering these days if you have an abundance worth of property. These are the type of work . People also use consultants to find Bandung Property if they wanted to invest there.

So here are the The 10 Types of Work when hiring a property consultant


Market & Marketability Study
The Study that gives an analysis of what is the current market situation of a specific type of property, and how to market should you decide to invest in such type of property


Highest & Best Study
From the name of it you will understand the proximity of facilities in the designated location for example a peace of land you bought or in a process of pitched by the sales. The study will analyze the maximum Return On Investment (ROI) for the utilization of that certain property. It also identify and map whether such use are existing nearby.


Development Feasibility Study
As an investor of property when its a go for development for example a residential of commercial complex. The calculated ROI, IRR based of important assumptions of Capex (Capital Expenditure) and OPEX (operating Expenditure) with assumptions usually from other studies such as Market Study.


Corporate Finance
Gives a hint on how to finance your property in a sensible way, prudently using to create a balanced cash-flow that can give healthy growth utilizing internal finance or external ones.

Corporate Valuation
The study that will measure the current value of the property or company based on several things such as the generated cash flow. Or the future income based on existing plan which is currently in the development phase.All done to give a bottom line value of the property


Debt Restructuring Plan
Your property and your company has large debt and cant pay all of it at once. So an expert must help to analyze a restructuring plan or a rescheduling payment plan which is feasible and can affordable for the company.



Picture source : http://www.banke.ae
Due Diligence
In short terms is checking if everything is cool. The financing of the property,the property manager's competence to run the business, the legal aspects. If it is only legal they call it legal due dilligence. Like a audit but more complex.


Sales & Investment
The consultant's service of helping boost sales for the owner. A targeted number is usually a written target and the consultant must create a Sales Plan and execute it.A consultant can also sell by offering to their existing network.

Market & Communication
Marketing and creating a communication campaign to target the segment that is the objective. Market theory suggest that each segment has a different marketing mix (Product, Price,Place,Promotion) because each product could have different positioning of product.For example : minimalist architecture with luxurious facilities for students is positioned for students demography.


Property Asset Management
Managing a property consist of plenty activities. The goal is how to operate efficiently utilizing i.e service charge income and other income to maintain the property value or increasing it by excellent service.Consultation is also given for plans for the asset that generates optimum value.


Cheers

TIPS ON BUYING AN APARTMENT PROPERTY

Apartments are very tricky type of property for Investment


You must totally think it through. Many first apartement owners are very frustrated and dissapointed.
Some frustrations are :

  1. THERE ARE SERVICE CHARGES FOR THE REST OF YOUR LIFE
  2. POINT 1 ABOVE, AND GETTING HIGHER THROUGH THE YEARS
  3. SOMETIMES WHEN ITS NOT BUILT YET, IT TAKES VERY LONG UNTIL YOU RECIEVE YOUR KEYS
  4. PLENTY OF OTHER ISSUES LIVING IN APARTMENTS
  5. TURNS OUT MANY MORE APARTMENTS ARE BEING BUILT AND THE PRICE IS GOING DOWN EVERY YEAR.


So when your investing in property you gotta be smart. It's call spatial relative recognition to facilities.

Here's are TIPS FOR BUYING APARTMENTS :

1. What is the reputation of the developer ? The dollar is high againts the rupiahs are they still developing? Do they get complaints? Or litigations ? Conduct a background check.

2.  Is it a real apartment or what they call 'rusunami' housing faclity for middle low ? why this RUSUNAMI trap has many people FLOCKING in buying what they thougt to be apartments, and when they decided to go there : THERE ARE LITTLE to NO PARKING LOTS for your car or your tennants car. Cause its actually designed for THE NOT SO WEALTHY, which sorry to say may can not afford to by a for wheel vehical. So check what is the capacity of the parking lot.

3. Ask how many is the service charge ? Is it reasonable ? because it is an expense later for you. Be sure you are aware of what kind of charges there are for you. So you can calculate how much would you list for your apartment for rent.

4. After receiving the key, install your kitchen set. And set your room in a minimalistic interior design.customers like that. Install ethnic art will also boost the price. And make sure it is always clean and tidy.

5. Create good relations with your Realtor or the sales person. Make him the rental sales person for you too. He or she will take care of your property. Create good relationship to the property
management team too. Security, the manager. It won't hurt to have more friends in your circle.

6. Like I said spatial relative recognition. Something I learned in this property school by this dude named Panangian . How far is the distance to a hospital, a university, shopping center, the police station, the traditional market and last but not least THE TOLL ROAD.

7. Find the latest technology to market your apartment, Utilize high ranking sites or blog like this blog, and market it in apps. Did you know that there is such a thing as AIRBnB ? Its a listing app for people that want to rent their property so people can easily reach them.


So happy hunting for your property. And hope you have a nice Return On Investment.


Cheers