Asaf Izhak Rubin Says Not to Start a New Development Project Without Proper Work
3 min read
Are you someone considering starting a development project? Do you want to start a real estate project and provide people with shiny new homes in a place that looks like dreams? Well, you might want the best for the people but you have to go through a long process of verifications, documentations, permissions, legalizations, and authorizations. You won’t get much out of the process if you try to do everything alone and that’s why Asaf Izhak Rubin believes that you should consider hiring a real estate lawyer.
Real estate development projects can be a pain in the neck because of the many intricacies that are involved in the process. Don’t forget that there are dozens of processes going on at the same time. If you don’t have the right people to handle the job, you can end up wasting all your money.
Having a Team Is Not Easy
As per Asaf Izhak Rubin real estate lawyer, having a team that helps you start the development project is a challenge per se. You have to have many different types of professionals on the team in order for you to succeed in your mission. Keep in mind that you will need a few people like you, who will become the face of the project, and then some skilled professionals like engineers, architects, builders, etc. The most important thing is that you have to have a lot of connections to get in touch with all these people.
Once you have them in your connection, you will have to sign documents with them to make them a part of your team. You have to be sure that they are your partners and not having any conflicts of interests. Even during the onboarding process, it will be a great move to hire a real estate lawyer.
Project Planning Can Take Months and Years
What you have to know as a real estate developer is that you are not making the place look beautiful or become a monument for the people all around the world. Your idea is to bring value to the space that is currently not being used. Keep in mind that you can bring value to already-built projects as well. However, you will have to go through a long planning process. You have to analyze the place, the opportunities it can create, the type of people you should target, and how to use that space to meet the requirements of your target audience.
During this process, you will also have to have the map authorized for the project. You will have to go back and forth with the state government on several matters regarding the legality of the piece of land or property that you wish to improve. This process can take a lot of time and only the right team members can completely it successfully.
Issues with Authorizations Are Extremely Common
So, you have chosen a piece of land where you think you will start the housing project. However, at the eleventh hour you find out that a particular party is working against you to stop any constructions on this piece of land. It could be the people living next to the project or other authorities that might claim a right on the land where you wish to build the project. Fighting this battle can take years, and all this time, you are losing customers and their interest. Most real estate news is filled with such projects that start with fireworks but end up in fizzle.
Final Thoughts
Asaf Izhak Rubin says that starting a real estate development project is not easy at all and cannot be completed without the involvement of a team of real estate lawyers. If you are thinking about starting a project like this, make sure you get in touch with these professionals not only to complete the process without any problems but avoid any documentation, permission, and authorization issues that are prevalent in the real estate industry.
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