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Lafayette, Louisiana - Real Estate Development search results Premier Listings

Real Estate Development Terminology

If you are thinking of getting into the real estate industry, or just want to know more about the field for an upcoming business venture, there are a few key terms with which you may want to become familiar.

  • Acquisition - An acquisition is a term used to describe a real estate transaction where one company not only purchases property, but takes over ownership of the business.
  • Broker - A broker can wear many hats in the real estate industry. A broker can be an agent that represents the buyer when working out the mortgage deal and closing process with the bank. Often in real estate, a Realtor or agent obtains certification in brokerage as well.
  • Earnest Money - Earnest money is a fee or deposit given to the seller to prove that the buyer is serious about completing the transaction. This takes place with the buying and selling of both residential property and commercial real estate.
  • Survey - Building and developing new architecture will require a surveyor to assess the size and area of a piece of land. The water table and soil content is also evaluated for commercial construction reasons.
  • Surety - For some commercial development transactions, a surety is required. When this term is used in real estate, it generally refers to a guarantee that a person or entity will perform as contracted.
  • Tax Map - A tax map is a document that outlines the physical property lines of a parcel of land and indicates the annual property tax figures for that location. Tax maps are kept at the town or city tax office and are part of public record.
    Petrie Ross Ventures, Llc
    Annapolis, MD 21401
    From revitalizing a dated shopping center to creating a complete town center from the ground up, our team does it all! Just call our local Lafayette area real estate development office to learn more.
    National Association of Industrial & Office Proper
    Herndon, VA 20171
    Our association of commercial real estate development provides members with more resources to clients can find them easier. We also help business owners find the space they're looking for.
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    D and H Construction
    306 Mecca St, Lafayette, LA 70508
    (1) Review Write a review
    (337) 237-6272
    User Review: "Highly recommended and I will def use them again! very professional and super fast service!! none of their truck were..."
    Schumacher Homes of Louisiana Inc
    3615 Ambassador Caffery Pkwy, Lafayette, LA 70503
    Since 1992, we've been building custom residences in the local area. We design, plan, and construct houses to fit your existing lot, ranging in size from 1100 square feet to over 8000 square feet.
    (337) 989-6990
    Cajun Stucco
    108 Heartland Ln, Lafayette, LA 70508
    We provide the best real estate development services in the surrounding area. All commercial and residential clients welcome. Our team is proficient in all areas, including construction and architecture.
    (337) 856-0183
    All PRO Construction
    Lafayette, LA 70501
    (337) 572-4199
    Camel Francis Construction Inc
    1458 Surrey St, Lafayette, LA 70501
    (337) 233-6910
    Bennett Builders
    600 Jefferson St Ste 515, Lafayette, LA 70501
    (337) 354-3010
    Dutil Fence & Construction
    Lafayette, LA 70501
    (337) 234-7672
    Tyler Dirt Haulers
    Lafayette, LA 70501
    (877) 224-7856
    Roy Stokes Construction Inc
    Lafayette, LA 70501
    (337) 237-5771
    Delta Home Improvement
    Lafayette, LA 70501
    (337) 233-6339
    America's Home Place
    Lafayette, LA 70501
    (337) 314-1004
    S & S Renovators Inc
    Lafayette, LA 70501
    (337) 269-0644
    Reaux Mackie Construction Inc
    Lafayette, LA 70501
    (337) 232-3185
    Brentwood Construction Co
    Lafayette, LA 70501
    (337) 278-7508
    All South Home Builders Inc
    Lafayette, LA 70501
    (337) 988-4663

    Real estate development is an important part of the industry. So what is it exactly? Real estate development is when agents and property developers make improvements to a piece of property or land in order to increase its value. This can involve something as simple as adding a home addition or remodeling a room, and as complex as converting run-down apartments into luxury condos or developing railroad tracks. Improving the real estate value can lead to greater returns on investment. And who doesn't want more bang for their buck? It may involve a large outlay of cash in the beginning, but the resale value is usually well worth it in a good market. A real estate development agency or Realtor often takes risks for commercial and residential property improvements. Sometimes real estate development involves the environment. For instance, impact surveys regarding soil and water are often needed prior to building on a certain area. Real estate development may also encompass the renovation and re-lease of existing buildings, along with sales of improved parcels of land. Real estate properties can range from housing complexes and land to apartments and luxury condominiums. In general, developers don't do any of the actual construction. They purchase the land, finance the deal, and hire builders to do the construction in the community. However, they are involved in many processes of a project, from design and management to financing and sales. Developers often work alongside architecture specialists, city planners, inspectors, engineers, and surveyors in their daily interactions. They also work with real estate agents and brokers to sell each piece of housing or property to the right buyer. Acting as middlemen between a construction company and a buyer, it's important for skilled developers to be able to anticipate which types of buildings are in demand.
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