{"id":12695,"date":"2021-08-09T15:32:08","date_gmt":"2021-08-09T15:32:08","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=12695"},"modified":"2021-08-09T15:32:08","modified_gmt":"2021-08-09T15:32:08","slug":"reason-why-a-real-estate-developer-will-not-succeed","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/reason-why-a-real-estate-developer-will-not-succeed\/","title":{"rendered":"Reason Why A Real estate Developer Will Not Succeed"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"11410\" data-permalink=\"https:\/\/amazingproperty.com.ng\/blog\/inflation-exchange-rate-threaten-building-materials-cost-in-states\/the-impact-of-covid-19-on-building-materials-2-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?fit=1280%2C720&amp;ssl=1\" data-orig-size=\"1280,720\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Real estate Developer\" data-image-description=\"&lt;p&gt;Real estate Developer&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Real estate Developer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?fit=1024%2C576&amp;ssl=1\" class=\"size-large wp-image-11410\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?resize=618%2C348&#038;ssl=1\" alt=\"Real estate Developer\" width=\"618\" height=\"348\" srcset=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/p>\n<h2>Pitfall to avoid for a real estate developer who wish to succeed in the property and construction market .<\/h2>\n<p>&nbsp;<\/p>\n<p>There are thousands of <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> developers . How does a <strong>real estate developer<\/strong> make his mark in today\u2019s dynamic property market where everybody is attempting to <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">offer<\/a>?<\/p>\n<p>Real estate development may appear to be minimal more than laying down brick and mortar to develop a massive concrete structure. It might appear to be a business that anybody can and most likely ought to enter, especially considering the massive unmet <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">housing<\/a> demand.<\/p>\n<p>One major reason why real estate developers fail is because they do not understand that it\u2019s always about location. Area is the most basic achievement part for any real estate development. Indeed, even the humblest of little estimated ventures with the barest least of offices and pleasantries will discover takers in the event that they are in areas with adequate social foundation and great multi-nodal transport availability. The fanciest modern apartment high-rise will fall flat if the location doesn&#8217;t work.<\/p>\n<p>A real estate developer needs to calculate this fact. He also needs to have a firm grasp of planned and proposed infrastructure upgrades in the area, and whether they sync up to the project\u2019s development timelines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pitfall to avoid for a real estate developer who wish to succeed in the property and &hellip; <a title=\"Reason Why A Real estate Developer Will Not Succeed\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/reason-why-a-real-estate-developer-will-not-succeed\/\"><span class=\"screen-reader-text\">Reason Why A Real estate Developer Will Not Succeed<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":11410,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[614,615,2,649,527],"tags":[4751,3037,2890,1398,1399,344,3058,41,326,140,818,84,3036,567,85],"class_list":["post-12695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-investors","category-property-buyer","category-real-estate-business-opportunity","category-realestate","tag-amazing","tag-buy-and-sell-property","tag-construction","tag-developers","tag-development","tag-housing","tag-location","tag-property","tag-property-for-sale","tag-property-market","tag-real","tag-real-estate","tag-real-estate-developer","tag-real-estate-for-sale","tag-rent"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/04\/The-Impact-of-COVID-19-on-Building-Materials-2.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6286,"url":"https:\/\/amazingproperty.com.ng\/blog\/property-market-developers-still-see-gloom-despite-exiting-economic-recession\/","url_meta":{"origin":12695,"position":0},"title":"Property market: Developers still see gloom despite exiting economic recession","author":"Amazing Property","date":"September 19, 2017","format":false,"excerpt":"By\u00a0Kingsley Adegboye IN spite of the cheering news that the country is getting out of\u00a0 economic recession, the bleak outlook of the housing sector of the nation\u2019s economy will remain a major cause for concern for real estate developers and the survival of their businesses in the country. This is\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"LAGOS-ESTATE-1.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/LAGOS-ESTATE-1.jpg?fit=412%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8242,"url":"https:\/\/amazingproperty.com.ng\/blog\/developer-showcases-housing-schemes-to-nigerians-in-the-diaspora\/","url_meta":{"origin":12695,"position":1},"title":"Developer showcases housing schemes to Nigerians in the diaspora","author":"Amazing Property","date":"February 12, 2018","format":false,"excerpt":"Director of Homework Development and Properties Limited, Jide Adekola (right); Director, Homework, Chima Emerueh; member, Association of Nigerian Physicians in the Americas (ANPA), Dr. Nnamdi Maduabum and Dr. Olusola Oyemade when the firm exhibited its range of real estate products at the ANPA conference in Atlanta, Georgia, United States. One\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Architect.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Architect.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Architect.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Architect.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Architect.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Architect.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6248,"url":"https:\/\/amazingproperty.com.ng\/blog\/fha-to-demolish-shops-over-encroachment-on-gowon-estate\/","url_meta":{"origin":12695,"position":2},"title":"FHA to demolish shops over encroachment on Gowon Estate","author":"Amazing Property","date":"September 18, 2017","format":false,"excerpt":"The demolished shops A row of newly constructed shops along 5th Avenue Roads, Gowon Estate, Egbeda, Lagos may be pulled down, following claims by the Federal Housing Authority (FHA) that the developers flouted the master plan and encroached on the existing facilities. The Guardian investigation revealed that the shops was\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"120-SHOPS-1.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/120-SHOPS-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/120-SHOPS-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/120-SHOPS-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/120-SHOPS-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/120-SHOPS-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8389,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-choose-the-right-new-estate-for-you\/","url_meta":{"origin":12695,"position":3},"title":"How to choose the right new estate for you","author":"Amazing Property","date":"February 22, 2018","format":false,"excerpt":"The popularity of new housing estates continues unabated in most Australian capital cities. For many young couples, families and first homebuyers, a house in an estate is one of the only affordable avenues into the housing market, if they want a substantially sized home on a decent block of land.\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Builder Couple Getty A 1024x768.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/builder_couple_getty_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/builder_couple_getty_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/builder_couple_getty_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/builder_couple_getty_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13438,"url":"https:\/\/amazingproperty.com.ng\/blog\/experts-task-governments-on-housing-infrastructure\/","url_meta":{"origin":12695,"position":4},"title":"Experts task governments on housing infrastructure","author":"Amazing Property","date":"November 21, 2022","format":false,"excerpt":"Proposed parkland estate in Isolo, LagosA Lagos-based developer, Wealth Island Properties has implored the federal and state governments to commit more funds towards infrastructure development across the country to mitigate the challenges faced by housing developers. The Managing Director of the firm, Mr. Tade Cash made the plea during the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/09\/Parkland-photo-1062x598.jpg?fit=1062%2C598&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/09\/Parkland-photo-1062x598.jpg?fit=1062%2C598&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/09\/Parkland-photo-1062x598.jpg?fit=1062%2C598&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/09\/Parkland-photo-1062x598.jpg?fit=1062%2C598&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/09\/Parkland-photo-1062x598.jpg?fit=1062%2C598&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7078,"url":"https:\/\/amazingproperty.com.ng\/blog\/abujas-n3-5-billion-nexus-estate-up-for-grabs\/","url_meta":{"origin":12695,"position":5},"title":"Abuja\u2019s N3.5 billion Nexus Estate up for grabs","author":"Amazing Property","date":"November 13, 2017","format":false,"excerpt":"Plans by one of the prime property development companies to achieve its dream opening up both residential and investment opportunity for home seekers and yield seeking investors may have come to fruition, with the offloading of N3.5 billion Nexus Estate into the real estate market. The estate sitting on approximately\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Global Real Estate Transparency Index.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Global-Real-Estate-Transparency-Index.jpg?fit=1200%2C674&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Global-Real-Estate-Transparency-Index.jpg?fit=1200%2C674&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Global-Real-Estate-Transparency-Index.jpg?fit=1200%2C674&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Global-Real-Estate-Transparency-Index.jpg?fit=1200%2C674&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Global-Real-Estate-Transparency-Index.jpg?fit=1200%2C674&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/12695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=12695"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/12695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/11410"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=12695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=12695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=12695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}