When it comes to lucrative income, opting for a real estate business tops the list. Just one real estate deal can make a real estate business owner a millionaire. There are several notable overnight millionaires who became millionaires with their successful real estate businesses. One needs to be smart, goal oriented, customer-centric, go-to guy, and communicative. If this field thrills you and you have all of the above qualities then you can definitely leave a mark in this industry. To help you with getting started, we have jotted down the 20 most profitable real estate business ideas. Let’s have a look.
Top 20 Profitable Real Estate Business Ideas in Year-2020
Property Development Business
There are many sides to a property development. Ranging from acquiring a land to build, sell, rent, or lease a property. You can start with a micro niche and turn to a multi-niche development business over time.
Property Management Business
A property management business is the easiest one if you have good networks and connections. If you’re fond of managerial position then, this one is perfect for you. You just need to lease contract or accept rent using the area specific approved legal documents. There are several successful entrepreneurs who are successfully managing the commercial complexes and reside flats in Noida Extension , Delhi, Gurgaon, Mumbai, and other smart cities and making a living out of it.
A landscaping business can make you serious money if you can do it right. To offer landscaping services, you need to go the extra mile and be creative. This service involves planning, designing, managing, rehabilitation, and preservation of a land to beautify the environment.
Lawn Care Business
Any creative entrepreneur who is thinking of trying his hands in real estate business can start with this one. You can take contracts of lawn management of the residential property in Noida Extension , Delhi, Mumbai, Bangalore and other cities and make big money with time.
This business doesn’t need any physical effort, it’s all about good communication skills and a good pool of network. You need to connect a seller of a property with a potential buyer and vice versa and can earn a huge commission for it.
Real Estate Consultancy Firm
The role of a real estate consultancy firm is to provide the information about the condition of a property and other legal disclosers about it. Also, they run the buyer screening process to check their eligibility of buying a property.
Real Estate Magazine
A curated real estate magazine can be of great help to the real estate professionals. It usually incorporates the latest updates in the real estate industry in a particular region followed by the property lists that are to be sold.
Real Estate Blog
A real estate blog is similar to a real estate magazine, to be more precise, it is like an online magazine with more frequent updates and possibilities. Anyone who loves to write and knows how to engage his/her readers can start this business immediately.
Real Estate Investment Club
Investing in real estate is the most lucrative passive income source. You can start an investment club to gear up the eligible yet lazy investors and educate them more about it. Starting a community will give you more profit in the long run.
Build and Rent Hostels
It requires a huge upfront investment to acquire a land and build a hostel on it. But if you are financially eligible to do so then you don’t need to worry as the return on investment is fast, hassle-free, and passive.
Build and Rent Shopping Malls
Similar to the above idea, this also needs a hefty investment upfront. You need to acquire a quite large land to develop a shopping mall. And once the shopping mall comes into the picture, it will open multi-streams of income for you if you market it well.
Real Estate Legal Services
A real estate lawyer who is an aspiring entrepreneur can start this business on the go. Legal help is needed at every level of a property buying and selling process. You can expand your business by providing legal services to both the buyers and the sellers.
Develop Real Estate Software application
If you are a software developer and interested in real estate then you can use your skills to develop a software application for properties. You can pitch your potential real estate clients and work with them to build software according to their needs.
Create A Property Listing Site
By doing a thorough local market research you can start with a local property listing site. Your property listing will incorporate all the properties in a particular area that are to be leased, rented, or sold.
Real Estate Agency Business
A real estate agency is a lucrative business idea only when you are proactive, hardworking, and abide by the laws. This can be considered as one of the most lucrative real estate business idea but not as easy as it may look. You need to be consistent enough to achieve the goals.
Property Makeover Business
You can network with property makeover companies and build a community of them to start a property makeover business. Your role will be to develop the business by acquiring new clients.
Interior Decoration Business
This is mainly a sub-niche of the home improvement niche. Interior decoration is all about improving the look of your home, or office by implying new designing, arts, and decors.
House Painting Business
Painting a business is another lucrative niche for making money. This phase comes after constructing a building. You can target a specific customer base like individual homeowners or large buildings. You can go for both but if you are just starting, it’s better to niche down.
Property Movement Business
Property movement business is about helping the people who are shifting from one place to another. You can take the contract of moving their stuff and earn an income for your service.
Start A Plumbing Business
Every home needs a thorough plumbing job. This can be your hit point and you can easily start a business around it. There are lots of plumbers available in the market to be hired and managed for your business.