Home Construction Communities

Fusion-so Team — Sun, 14 Dec 2008 12:31:06 +0000

Through this system, young professionals with no capital can start a real estate development, if they have the know how of the real estate management. In effect, this system can get a ground on which to deploy a medium-sized project to small. Where possible no more than 30 houses or apartments, for meeting the total interest in short time. Once the project has a preliminary or advance and determined the respective costs of each unit seeks to bring together the stakeholder group.
Thus the system allows a group of people, develop a housing project, through joint action and non-profit, so that each member group member to get your housing cost. This group or community, assisted by a professional with experience in such projects, assuming the role of promoter, they acquire the land, commissioned the project and build, but this process made no profit, unlike the private developers. From a legal standpoint, once gathered all the members to develop the project, it is with them a limited liability company that is acquiring the land, hire the professional manager and requested the bank credit for construction.

With respect to financing the project should not have difficulties because it is a closed project (the developers in turn will end buyers). In this way the financial institution is not at risk as buyers are insured, provided that the members of the community are eligible for credit.

The following are the advantages of this system:
• Each member gets a home at cost (approx 30% below market price)
• Allows incorporate the special requirements of each project partner.
• Lets form a group of like-minded people both economically and culturally.
• Permits the incorporation of investors wishing to make a profit later by selling housing to its market price (approx 30% higher than the cost)

Real Estate Fusion » home construction

Home Construction Communities