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house builder business,

(64394)
Friday, April 15, 2011 03:41 PM 

can someone tell me how construction business is doing.

if i buy plot and constuct house on it to sell it straight away, how much profit can be made and how long will it take to sell.

thanks

Aamir replied on Friday, April 15, 2011 04:41 PM 

You seem to have no experience of construction work, as is apparent from your first sentence.
This business involves many variables necessary to understand right from selection of plot location, construction modalities and marketing of your newly built house.
I think, only practical experience convey the real message in real estate business.
I suggest to find a person who is into this business in your area and talk to him in detail.

suhaib replied on Friday, April 15, 2011 08:04 PM 

thanks for reply mr. aamir.

i dont have construction experience, however i am aware of real estate business apart from pakistan, i have some cosins who are dealers but not in lahore.

i was just asking how much profit can be made and what is time lenght to sell.

JK replied on Friday, April 15, 2011 08:38 PM 

a person having funds but no experience was gathering information to establish a business. Due to lack in experience it was hard for him to decide what business he should do. By this time some one gave him a suggestion to find an experienced man and make a joint venture. So he did

after some time this advisor met him again and asked how is business and what you have learned from, he replied business is flourishing and now my co-partner have all my money while I have all of his experience.

My suggestion for you Mr Suhaib is to be alert if you decide to implement of the advise of Aamar.

Khan replied on Saturday, April 16, 2011 05:45 AM 

Construction business requires number of considerations. The bottom line is that one should be having considerable capital to block and plan B to hold longer if could not get the required price. Majority of people (at least what I see and meat) are the ones who makes money by cutting costs mainly in structure of the building. In case you have personal values and want to be honest in this business, it is unlikely that you will make money in the short run. Besides costs, you also need to be careful in dealing with difficult market of realestate. Lastly, beware of the dealers who, I am afraid, are not up to the market standards of Europe or middle east! Good Luck.

LRE Hot Topics replied on Monday, April 18, 2011 05:21 AM 

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