Contractor City Blog

Buy land, build a house and sell it. A simple sounding formula, and in some areas there is a lot of profit potential. The downside? This is actually more complicated than many ways of real estate investing, and may require a lot of cash.

There is profit to be made buying land at a good price and selling it. There is profit to be made developing the land into lots, and profit to be made building houses. This way puts all three of these together. That makes it potentially three times as profitable and it also means three times as many surprises during the course of the project.

Build A House To Sell – An Example

You find a piece of land near a growing town – hopefully one that is for sale (but it can’t hurt to ask in any case). Similar pieces of land have sold for around $40,000 and seem to be used for homes that sell around $250,000. You investigate the costs of having the land surveyed, the necessary legal requirements to build (and those costs), and you make sure the buyers are out there. For the latter, talk to a real estate Continue reading ‘Buy Land And Build A House’ »

Times are rough in which finding and keeping a job seems to be on the mind of every single American. Industries that have been heavily affected by the economic crisis are more prone to incur illegal and dangerous practices. The construction industry is one that has been hit pretty hard by the crisis in which there are a lot of shady practices that construction companies can inherit to try to continue on like they did in the past. Forgoing safety requirements, proper training programs, and up to date equipment are such practices that can cause injury at the work place. I know that when in the construction industry you do not pass up on a job, but when it comes to the matter of safety you may just have to pass. In order to spot signs that a prospective employer is not conducting their business according to the proper regulations and standards it is imperative to take a close look at their business. To do this involves doing some independent research, talking to former employees, and asking the right questions.

People are trying to save money, and that is a fact. Since now it is harder than ever to obtain Continue reading ‘Brooklyn Construction Accident Lawyers Give Advice on How to Detect a Shady Employer’ »

The construction business is experiencing a boom once again, after some years of slow growth. This naturally turns the construction business into a very profitable one, as long as there is a high demand in this industry. But high demand is just one factor. As you must have guessed, like many other industries, the construction industry is very competitive, and the more acerb the competition is, the more stringent are the demands on the contractors? side to make their offerings appealing. The construction equipment that contractors need, also known as engineering vehicles, sometimes require a considerable financial effort. Buying new construction equipment is an option only for those businesses that can come up with a lot of cash. Many construction businesses that lack considerable reserves of purchase used construction equipment. While leasing or renting the equipment seems like a viable alternative arrangement, the total costs may not be exactly satisfactory, and, as you well know, the total costs have to be covered by the price that your client will eventually pay, in order for you to make a profit. It goes without saying that the higher the prices, the lesser chances of you being on the list of most sought Continue reading ‘Make your Business Profitable With Used Construction Equipment’ »