We like to share all the stages of our real estate projects, starting from searching for a property to work on and moving forward. As a reminder, the stages of a redevelopment project are:
- Acquire the property.
- Finalize the scope of work knowing there will be changes because of unexpected issues.
- Renovate the property.
- Market and sell the property.
- Analyze the project for what went well and what you could do better.
A lot of work goes into each of these phases. In fact, you could approach each phase as a separate project with its own lifecycle.
Analyzing the project for the lessons you can learn from it is probably the most overlooked step in a project, even though it is one of the most important. Continue reading