Real estate investments: for many years people have invested in real estate. This is because there are several ways to acquire a positive return from your investment. If you are just starting out you might want to look at low-end properties such as trailers, and smaller homes to rent out, or renovation projects to fix and sell on after the work has been completed. This could help boost your funds to take the next steps.

The next level is creating a portfolio of properties. This takes you beyond managing just 1-2 properties, and instead, you will have a collection of houses that you own merely for the purpose of investment, with the goal of increasing your wealth. At this stage, you may hire a manager to help you with the workload and keep it an investment, or you may choose to create a company and use it as your business.

Another project in real estate that you can embark on is property development. There is a lot more work involved in this investment, but it could be worth it in the long run as there is a chance to generate a larger return on investment. In this scenario, you will purchase land or property, with the intention of building or renovating a development of value.

Topographic Surveys will be undertaken, to provide an overview of the site layout, and then the relevant project managers and contractors are hired to complete the work. However, you need to be aware that most real estate investments are long-term investments that require a lot of capital. 

There’s more to property development than meets the eye. You can also consider property conversion, which is about the redevelopment of existing properties for a new purpose. Needless to say, it can be a time-demanding project that requires even more specialist equipment and skills than construction only.

For example, more and more closed churches in the UK are bought and reconverted into retail or residential properties. This implies considerable transformations, notably adding and changing the inner structure, which is where you need equipment to track the added load via a load cell hire and specialist architects to strategically design plans that preserve the features at the same time. However, for both location and property value purposes, conversions into rentals—either commercial or residential— can be highly profitable.