The story of a successful developer - a good piece of work
In this article I will tell a success story of a personal developer, he is a colleague of mine, call it his name H. Rizal. He has been working for several years as a personal developer in the area of South Jakarta.
Considered a side job because he has his own business that is as the owner of a gold shop in the number of South Jakarta.
Ease of being a property developer yes as did by H. Rizal this. The main business can still be run, a property developer can also be done. But keep in mind that being a property developer as a by-product can only be done for small-scale property projects. If building a property project on a larger scale requires more serious time and effort, it would be risky to place a large-scale property project as a side business.
Two years ago H. Rizal bought a plot of 250 m2 in Tebet, South Jakarta at a price of 7 million square meters.
He bought this land for a cheaper price than the market price at that time because the land had not been certified. After consultation to the Notary that with the right of ownership can be applied for the certificate he decided to buy the land.
He plans to build two units of houses for sale again with each land area of 140 m2 and 110 m2 with a building area of 132 m2 each. Seeing the process undertaken these costs required to buy and manage the land up to the land permit are:
Land purchase price, 250 m2 x 7 million = 1.750.000.000, -
Notary Services, 1% x 1.750.000.000, - = 17.500.000, -
Acquisition of Land and Building Rights (BPHTB) = 5% x (1,750,000,000 - 80,000,000) = 83,500,000
Cost of handling certificate and service Notary = 25.000.000, -
The cost of splitting the certificate and its handling services = 10,000,000
The cost of making the home design and the cost of handling services 2 units IMB = 40,000,000, -
The cost of construction of 2-storey house with luxurious specification is 4.5 million / m2, so for two units of house with area of 132 m2 each is = (132 m2 x 2 x 4,500,000, -) = 1.188.000.000, - So the total cost incurred is 3.114.000.000, - rupiah. Once completed the house is then marketed in a conventional way that is by making a banner home on sale at the location, guns need complicated business affairs. Doi is also an effective type of person, does not accept the services of intermediaries because after all the number of units sold only two units. Every now and then he also put an ad in the newspaper with the cost of guns up to 200,000 rupiah once published. This means that with very high house prices such a cost can be considered non-existent. I want to test your views on the price of this house, what do you think the price of a house in Tebet, South Jakarta, located on a 6 meter wide road with type 132/140 or 132 m2 building area and a land area of 140 m2? By looking at the cost of the principal issued by the owner of approximately 3.114.000.000, - rupiah for 2 units of the house may be you think the price of 3 billion rupiah is good enough for one unit. You are wrong!
The house is offered at a price of 6.5 billion per-unit. Yes, you did not misread and I did not write wrong. The price of this house is 6.5 billion per-unit thus H. Rizal gets 13.5 billion sales from both units of his house.
Incredible is not it? Capitalize only 3.114 billion, within a period of 2 years get a turnover of 13.5 billion. You also can do it as long as you are smart in assessing the property. And another one that is not less important is to get acquainted with as many of the property brokers that operate around your target location. Then if you already get a good property do not forget the services brokers who offer the land to you.
Because if you are able to show that you are a trusted person then property brokers will gladly offer again if they find a good property.
Do not ever intend to cheat your broker because someday you will get karma.
I also know there are small developers who also often do property business with the same pattern with H. Rizal. Initially he often acquired a good property but eventually he never again received a property offer from a broker because he never cheated the broker. The mode is by refusing the land offer from the broker after seeing his property, but secretly he sought his own way in the business of buying this land. Finally he found the owner and the transaction happened. But the broker still knows this transaction because the owner is the type of loyal people due to good relationship with the broker. The property broker with the owned network certainly can easily spread the buyer's ugly behavior so that he no longer gets a property offer.
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