SEE THE BIG PICTURE

It's easy to fall in love with the first property you see, and easy to buy into the wrong deal. A great deal may go by in a blink of an eye but there's always another deal out there if you missed.
✔ Don't be over excited when making big decisions.
✔ Don't invest in something you don't understand.
✔ Research and observe other existing projects and get inspired.
✔ Don't start designing if you still don't have a target market.
✔ Don't start marketing yet if the design is still not finished.
✔ It is better to have delays during the designing phases, than to have delays during the construction phases.
✔ Consult with the expert when hesitant.
✔ Contingencies and Indirect Costs keeps the progress of the project run smoothly.

STICK WITH LOW COST

When considering a project for business, it is a good idea to think about the pricing first along with your target market. Many successful entrepreneurs we've know created their wealth with the low pricing strategy and targeting the local lower class market.
✔ Avoid using expensive class finishes for your project.
✔ The cheaper the cost of the project, the quicker the return would be realized.
✔ Renovation is expensive, both high class finishing and low class finishing will be replaced. Stick with the low cost yet durable finishes.
✔ If you don't really need a fence for your Airbnb investment project, then don't build it.


SAVE MONEY ON A MINIMAL DESIGN

The more minimal the design, the more cost efficient it will be.
✔ Invest in quality and simple materials.
✔ The skin of the building doesn't always have to be fancy. Often times it will just be covered by a landscape feature or unseen.
✔ Most guests will perceive the quality of the building as a whole. Many details you have planned for will be unnoticed.


TREAT THE BUSINESS LIKE A BUSINESS

A business isn't a business if you don't profit from it. Before getting into the real estate game, you need to set out your system right. The rule is simple, all you need to make sure of is that your revenue exceeds your expenses and you'll be fine.
✔ Study the trends in your local market place.
✔ Study the months in the year when investors are willing to invest, banks are willing to lend, and buyers are ready to buy.
✔ Study your competitors.
✔ Have an initial pricing plan before investing time and efforts into the business.
✔ Plan for positive margins before committing to the business.
✔ Do your due diligence before entering into contracts.

JUST START

For as long as they can't make anymore of land on earth, Real estate will just keep going up. It is an opportunity lost when you decide to spend your money on liabilities over an asset like real estate. The value of the property you buy in real estate almost never goes down in the long run.
It is important to know that you rarely go wrong investing in real estate, whether it's a house, a studio space, a multi-residential complex, or a hotel and resort, the value of your investment will almost always increase.

Don't be afraid to start, but be afraid not to start. Your earned cash will only lose its value from inflation, so you might as well choose an asset that grows value overtime. And don't forget about the tax advantages you get from this amazing asset.

GET IT RIGHT EARLY ON

It is said over and over in doing deals that, the agreement must be settled first before starting a new project.
✔ Gather as much data as possible for the project.
✔ Make sure to discuss the major details as much as possible.
✔ Have the contract agreements set before hand.
✔ Prepare the necessary permits if required.

An end goal and a proposed solution usually won't be perfect, there will be changes in the project along the way.
However, you can minimize much of those changes, costs and time when you are clear of what you want from the start.


ETHICAL PRACTICES

Every owner, shareholder, and consultant is responsible in making the  project successful. It is important to treat the  project professionally.
✔ Brainstorm with your Architect and Engineers on the design solutions.
✔ Allow your designer to conceptualize the general design of the project on his own medium. Your architect has acquired the years of experience and will be able to provide a good design solutions with consideration of all the factors.
✔ Accomplish first the general design before planning on the details.
✔ Don't rush into the detailed plans until all the members involved are happy with the design, this may include family members, board of directors, building officials, and others.

MINIMIZE THE ADJUSTMENTS

After discussing your goals with the team and approving the schematic design. Your designer will start with the detailed plans.
✔ The detailed plans will take a long time to draft. This is due to the coordination with the different engineers and specialized contractors.
✔ To avoid costly Change Orders, minimize the changes made in the design, once you have approved the schematic design.