If you are excited to join the ever-expanding real estate industry, here are 20 top innovative yet profitable real estate business ideas for you.
The ever-growing needs for land, residential & office spaces, condominiums, warehouses etc clearly back the fact that the real estate market is expanding more than ever everywhere in the world. Taking note of it, folks having excellent presentable attitude, good marketing skills and most importantly capable of making and nurturing relations with customers can consider starting a real estate related business.
Here are the 20 top and best innovative ideas to help interested entrepreneurs start a business in the real estate sector.
1. Apartment locator
Renters, especially those who are new to a particular city, often confront difficulties while searching for apartments that can meet their living standards. To help these renters who may be students, labor, working professionals etc find ideal apartments, an apartment locator comes into play. He connects them with the right apartment owners for free. However, he derives fee from the owners of the apartments for supplying them referrals.
No constructional work from a one-story building to even a skyscraper is possible without the influence of architectures. Architectures have been in past, are in present and will be badly required in the future for planning and designing buildings. Having said that, one who has done graduation in the bachelor of architecture (BOA) plus has good communication skills and a healthy intern experience can become an architecture.
3. Apartment rental
The first thing all tenants give preference to when reaching a city for studies or work over a certain period of time is accommodation and for that, they approach a landlord who owns and runs an apartment. If you are one of those landlords who has a ready supply of rooms available for rent, apartment rental business is a must to do business for you. Don’t forget to use apartment locators and featuring your property on online portals.
4. HAVC contractor
This type of business is the least expensive option in the real estate field. HAVC contractor gets called when, mostly during hot summers, residential and commercial customers require the installation and repairing of heating and cooling systems.
5. Commercial space rental
Renting office spaces is the utmost priority for startups that are forming on a constant basis in various fields and for established corporations that plan for expansion at new locations. Hence, you might want to give a thought to opening a commercial rental space business that will be serving workspace seeking business organizations.
6. Construction cleaner
Whereever buildings are demolished or where dwellings are to be erected or where newly constructed buildings have to be prepared for occupancy, there is a need for someone who can take away the accumulated debris from the place. That someone could possibly be you.
7. House painting
Once the construction of a new house is finished, there is a need for somebody to paint it because we know owners of these houses wouldn’t like to leave them unpainted before they are ready to live in them.
8. Interior designer
While one who wants to start an interior business isn’t needed to attract investors however passion for creating aesthetically attractive designs is a must to have talent.
Landscaping allows you to make your living while taking care of residential and commercial yards and gardens.
Given the need to install and repair problematic pipe systems, the demand for professional plumbers would never diminish in both residential and commercial properties.
11. Real estate developer
Becoming a real estate developer isn’t indeed the line of career for people without huge capital investment. If it is untrue for you, acquire raw lands, construct buildings on them and therefore earn money while selling and leasing these furnished properties to others.
12. Solar water heater
Manufacturing and selling solar water heater just the way Haadi Enterprise of Bangalore, India does is another highly profitable yet competitive niche in the real estate industry these days. However, you will have to carve out a unique strategy to reach the level dominated by your competitors.
13. Property Brokerage
Property brokers earn commission while bringing property sellers and buyers to happy final settlements. Though if you desire becoming a property broker you need to have skills where both parties satisfactorily end up making deals howsoever there is no burden of heavy investment involved.
14. Property management
While opening a property management is possible with almost little to no investment but certainly not without strong liaison skills because you will be involved in creating and cementing relationships with parties like landlords, tenants, contractors etc.
15. Real estate agent
Real estate agent does nothing but to coordinate and fix appointments regarding land, offices, houses between his or her potential clients and sellers. While it isn’t without stiff challenges but one single deal if successfully fixed can free you for months.
16. Real estate blog
While blogging certainly cannot throw money into your pocket instantly but if you smartly put real estate knowledge at work for a minimum of 6 months, nothing can stop you from earning the full-time income while enjoying your home activities.
17. Electrical Fitter
Electrical fitter installs equipment and wiring systems. An electrical fitting business is, in fact, manageable from home but it is necessary for interested individuals to have electrical fitting skills.
18. Pool cleaning
Somebody looking for the easiest yet potentially lucrative opportunity in the real estate might consider starting a business that removes debris and leaves from swimming pools while utilising some basic cleaning equipment and chemicals.
19. Make real estate apps
Given the increasing reliability of businesses including real estate on technology, someone with a background in software development can consider making software applications for real estate companies.
20. Wallpaper Business
While starting a wallpaper business might not be as profitably enjoyable as other businesses but undisputedly the simplest choice in the real estate industry which is even a home operable.