Seeking to establish the commercial value of a property means that you want to determine the value that people in general (yourself included) would be willing to pay for it. It constitutes, therefore, a very important subject of study for both the developers and the investors (again, yourself included). Therefore, let us quickly share with you 6 criterias that you should consider when evaluating a property.

6 Key factors

Properties generate inherent benefits that generally go beyond the marketing capacity exercised by their owners. Indeed, owners can obtain an income or profit through the sale or rental of their properties, as their prices are determined by factors that already characterize the property in itself. These factors are direct keys to the property’s value.

The first factor is the location of the project or the property. Pay close attention to the geographical space where the property is located. Prices can go low or high based on whether it is a rural, urban, or maritime area of a certain country. 

The second factor you should consider is the dimension of the property. This means the space that the property occupies in meters squared (m2), which is the unit of measurement that let establish the extension of a surface. This aspect is 100% decisive in the value of a property.

Thirdly, you should pay attention to El diseño of the property. In real estate’s value, the shape and complexity of the plans, the distribution of the spaces, and even who appears as the designer of the structure, take great relevance.

Fourthly, examine the finishes. These refer to the types of furniture, plastering, woodworking, flooring, painting, wallpapering, etc, that are used in the final external and internal decor of the property. Prices vary depending on the use of certain materials such as marble, glass, wood, ceramics, the type of paint, and other elements.

The fifth factor, which is not so evident yet so important, is the history of the property. This can play for or against the value, whether the property is brand new, or old and has gone through a disastrous event (crime, undue occupation, accidents and fires) or a famous event (that it has been inhabited by someone important, that it is designed by a renowned architect, that it is an urban heritage), etc.

Then the sixth and last aspect to consider is its residential area. The value of a property can be determined based on the area of the city in which it is located. This is due to the criterion of natural stratification of society, which divides the urban residences based on their economic status and social class. This is a societal reality that as an assertive investor, you should not neglect when evaluating a property that might interest you.

Now that we identified them for you, you are now equipped with foundational and basic knowledge to quickly assess the overall value of a property. Ready to delve into the world of real estate investing ? An option you might want to consider : TAMAN The Project

Nowadays, women are so well-heeled and thriving in the real estate industry, that it may be difficult to believe that, years ago, real estate was known to be exclusively a male-dominated field. 

Indeed, it was not until the last century, beginning with the reclamation of equal opportunities and rights, that women began to be drawn to real estate, particularly for the scheduling flexibility and, of course, the financial benefits. Ever since, their success and impact have been such that future generations of women are inspired to get more and more involved in the business of real estate.

Women in the business as agents

When women would join in as real estate agents, they would be the big winners on the pitch! 

It is a known fact that prospective clients prefer to deal with a female agent or broker than a male one. According to a French survey conducted by Ipsos in 2014, women’s assets, in these cases, merge with some of their natural strengths such as the ability to listen, advise, analyze, support, and above all, persevere. 

The survey goes on to show that women tend to negotiate the value of real estate in the fairest way for the client (53% versus 47% for men). Women also have a better understanding of the market and the legislation (52% versus 48% for men). So it’s no surprise that, after years of practicing and refining these essential qualities recognized by the industry, women have officially become the new champions of the real estate agent profession.

Women in real estate as investors

Additionally, women are not operating in real estate only as agents or brokers. Lately, many women are now subscribing to the advantages of investing their money in property.

Originally, women were not investing in property because of a lack of knowledge and social prejudice, as it was for many years considered a man’s field. Several people felt neither the desire nor the interest at all. Instead, they usually were fulfilled investing in their family and their community. As of today, study shows that more women are buying condos and single-family homes at an even higher rate than men. According to the US National Association of Realtors, single women are currently purchasing more properties than single males.

It is acknowledged that women from this new generation value financial stability and financial freedom. They consider financial literacy to be an important foundation and would seek financial knowledge through classes or financial advisors as their first step before investing in a property. The goals are to increase wealth, independence and confidence, and to build a solid real estate investing portfolio. But, how does it all happen?

Real estate communities & events for women 

A significant factor in the expansion of women in real estate is the collaboration of women from all over the world to team up and help each other win in the market. They started to join forces by supporting and encouraging one another to join and remain in real estate. The call is spreading through online growing communities, forums, and activities in which our ladies share their experiences and advice, encourage financial education, and provide each other with helpful real estate market tips.

Others would organize tours and travel to real estate events around the world, specifically in developing countries where there is political stability and active tourism, like the Dominican Republic for instance. The Dominican Republic is a great example of a country where the real estate market is currently flourishing, as many of their famous cities are still being developed, Punta Cana for example.

Groups of these women interested in buying properties abroad, whether to live, flip or rent/Airbnb have developed a new way of traveling for business. They would come together to events like Fly & Buy, for example, which is an annual real estate summit powered by the DR Tourism Ministry. This summit is well known to ease the local market’s study process by gathering in a five-star resort, for one weekend, real estate lawyers, bankers, financial advisors, construction companies, and other real estate experts who would present local properties and projects to the participants and showcase all the investment steps, options and benefits.

These sorts of events have been known to be very beneficial to anyone interested in real estate internationally, particularly to women investors and real estate agents. Through events like these, women in real estate enjoy getting two birds with one stone. Not only do they gather all of the business information they require, they speak with any parties they need to address, and they are offered the opportunity to invest right away; but, at the end of the day, they are also offered the opportunity to jump in the Caribbean Sea and enjoy a little tropical escape and refresh before returning to their country. 

So, finally, the real estate industry is definitely benefiting from the increasing presence of women in all of its sectors. And there is no doubt that we will surely continue to witness more innovation, services, and creative changes toward even better inclusion. The presence of women in real estate will always be a plusvalia for the whole market.