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Real estate development in Florida is currently in great demand. With real estate investors turning towards ground-up real estate development as an increasingly more viable means of investing, new projects are springing up state-wide. However, with increased pressure on real estate development and a construction workforce stretched thin, it is important to keep in mind key points if looking into real estate development as an investment goal.

Jonathan Moore, AIA is president and founder of InVision Advisors. His firm offers owner’s representation and project consulting services for owners and investors, architects and contractors during real estate development. As owner’s representatives, InVision Advisors takes a comprehensive approach to real estate development deals handling day-to-day and overall project oversight. As an experienced architect, Jonathan brings a unique insight to his knowledge of the real estate development industry. This episode, Jonathan discusses hot points for investors to know about real estate development.

 7 Real Estate Development Hot Points

• Sub-contractors
  • Markets state-wide are saturated with work
  • Sub-contractors control velocity of development
  • Artificial inflation caused by over estimation of construction costs
• Communication
  • Problems frequently arise due to lack of communication
  • Loss of face-to-face time and on-site meetings contribute to communication breakdown
• Land Quality
  • Site selection becoming limited
  • In-fill projects arising
  • Investors should reconsider passed over sites
  • Buying Real Estate with Environmental Issues Ep. 3 – Frank Hearne
    • Revisiting worked over properties and sites
• Construction Quality
  • Large loss of construction force from mid-2000s recession
  • Current construction force stretched thin over spike in development
• Unrealistic Project Expectations
  • Make sure all involved parties are in agreement over project deadlines
• Scheduling
  • Scheduling oversights complicate and potentially ruin deals
• Mitigating risks
  • All real estate development deals have inherent risks
  • Hold parties accountable for actions
  • Thoroughly research deal
  • Partner or work with experienced real estate development investors

To contact Jonathan about the services offered by InVision Advisors or to discuss more about real estate development, visit www.invisionadvisors.com or call 813-784-3146