My solution to the problem presented in the previous
exercise comes in the form of both a product and service. The problem being
solved is the lack of homes for the rapidly growing population of Florida. The construction
industry by nature is one that provides both a service and a product. A product
in the form of the building or project being built and the service of having a turnkey
company you work with that oversees all parts construction. My solution here is create a company that actively
seeks out real estate opportunities in existing construction as well as the new
construction and development fields. By targeting these specific fields of construction
and real estate development I could capture a large audience of demand that
will apply to all people in the market for a new home or rental home. This company
would not only build, renovate or develop real estate it would also help people
to find the right home for them by providing realtor services as well. This
company would essentially operate as a real estate agency that creates its own
real estate to sell, similar to how a developer operates but target a wider
range of real estate types.
Hello Matt! While I agree with your statement (of fact) that the population here in Florida is growing rapidly, I don’t necessarily think that there is a housing shortage…in some places at least. In my hometown of Jacksonville, there is constant construction of apartment complexes with signs advertising availabilities. Apartments are being built, but it seems as if they aren’t being entirely filled. There are a number of possibilities that explain this, one of which may be that individuals would rather live in a house or a condo, but it is an interesting factor to consider given the fact that you have discussed new construction and renovation.
ReplyDeleteHi Matt. I agree with you that the population of Florida is growing rapidly; Gainesville is a perfect example of that. Your service seems like a great idea as a solution to this problem. By building your own homes to sell, you can bypass a lot of communication time that slows so many of these projects. You can also help set the price at a value that is more affordable
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