Real estate developers essentially find land, buy it, and finance whatever is built on it. At Northwest Real Estate Development our team scouts property to find the most ideal piece of land for the project, we gather all the necessary permits and other paperwork that is required, and then our team handles the construction. Our general contractors can construct everything from residential homes to shopping centers and warehouses. Our in-house investment specialists help us to invest in certain properties. We are licensed general contractors, licensed realtors, and insured to provide the most reliable real estate development in Tacoma and all of Puget Sound.
Types of Real Estate
There are four types of real estate; residential, commercial, industrial, and land. Each of them is used for different purposes and have different requirements when it comes to permits and construction. Our team is experienced in working with each type of real estate.
Residential Real Estate
This type of real estate includes building new homes or selling already existing homes. Single-family homes are the most popular type of residential real estate but there are also condos, townhouses, duplexes, vacation homes, and many more.
Commercial Real Estate
This includes any buildings that are used to produce an income. Shopping centers, medical buildings, hotels, and apartments are all considered commercial real estate. Apartments are often classified as commercial instead of residential because they are used to generate revenue.
Industrial Real Estate
This includes any buildings or properties that are used for manufacturing or storage. This can include research buildings, production, warehouses or distribution centers. Although buildings used for distribution can sometimes be classified as commercial real estate.
Land Real Estate
This includes farms, ranches, and vacant land which includes undeveloped land, early development, subdivision, and site assembly.
All of these different types of real estate are important to know because the zoning construction, sales, and everything else involved in real estate development are all dependent on which type of real estate you are working with. Working with Northwest Real Estate Development will help alleviate the stress from your shoulders. I team handles everything from the very beginning. Acquiring the necessary permits, blueprints, and building plans, and everything else up to the finished product. From acquisition to occupancy, our team has got you covered.
Real Estate Development Process
The process of developing and investing in real estate is not simple and is quite risky. But with great risk comes great reward. Real estate developers work with a large team to handle the entire process from start to finish. This group can include architects and engineers, city planners and inspectors, contractors, lawyers, and leasing agents. A large team is needed to purchase land, build on that land and sell whatever was built. It is a long process that usually takes close to 9 months depending on the type and size of real estate being built.
Tacoma Resident’s Choice For Real Estate Development
Northwest Real Estate Development helps Tacoma residents construct beautiful homes and ideal commercial and industrial properties. We work with you and our team very closely to ensure that we meet your needs, goals, and budget. From start to finish you can trust Northwest Real Estate Development to build and produce the optimal homes, buildings, and structures that our clients are looking for.