Real estate development, or property development, is a multifaceted business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of or parcels to others to meet customers’ requirements. We as Miamu Properties coordinate all of these activities, converting plans, needs and ideas into property. We buy land, finance real estate deals, build or have builders build projects, create, imagine, control and orchestrate the process of development from the beginning to end. As developers we usually take the greatest risk in the creation or renovation of real estate. Typically, we purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it.
Sometimes as property developers we only undertake part of the process. For example, we source a property and get the plans and permits approved before selling the property with the plans and permits to a builder at a premium price. Alternatively, we can sell to a developer who is a builder only who prefers to purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately.
As developers we work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, among many others.