This website uses cookies to ensure you have the best experience. Learn more

Real Estate: The Importance Of Knowledge And Physical Assets

923 words - 4 pages

Real Estate: The Importanceof Knowledge and Physical AssetsEric DickApril 28, 2004Miss Susan HallMGT 330Real Estate: The Importance of Knowledge and Physical AssetsIt's 3:30pm and the concrete for the driveway has just been poured - boy did it sure take a lot of work for us to put build those forms, tie all of that rebar together, and pour that concrete. Hopefully it was all worth it. As I admire the freshly poured cement I can see in the distance workers finishing the installation of the doors for the newly built storage units. All we have left to do is build a fence and install some type of gate for tenants to enter into the building then we will be finished. You know I hate to think about how much money we spent on constructing this building. Last time I checked we were a bit over $200,000 and that doesn't include the cost for purchasing the property. It will probably take another $60,000 for us to finish this whole project up - that estimate includes the fence, of course, along with purchasing signs and banners advertising our business (to be placed on side of the building), and a healthy marketing campaign.Being in the real estate industry physical assets are your most treasured possessions as that is what pays for your salary. We purchased the previously mentioned property because the value was relatively low for the area and we own another large lot two lots down. It's prime area to buy because there is much development near yet not too many people even realize that this street exists. Tulsa, the name of the street in which we own two lots, runs behind 34th Street. 34th Street's property value is high due to it receiving large amounts of traffic. Our long term goal is to purchase the two lots between our current properties at a relatively low price then purchase the piece of property on 34th street; in which, we estimate will raise our property value substantially.Currently there has been a boom in the whole real estate industry, a boom that has overlooked Tulsa Street as its property values have been steadily declining as everything in its immediate area has been going up.Since physical assets are your most important resources, while dealing in the real estate industry, you must have the knowledge to know when its time to buy and when its time to sell. If we intend on purchasing the previously mentioned properties somehow we have to come up with a way to buy them. One method of ours is to sell property that has a high value but does not produce large amounts of profit. In the last 10 years, one piece of property of ours on 1225 Rutland, according to Harris County (, has increased in...

Find Another Essay On Real Estate: The Importance of Knowledge and Physical Assets

Integration of Indigenous Knowledge and the Physical Sciences

3871 words - 15 pages science'. This knowledge is passed from generation to generation making it a cumulative and dynamic entity. Indigenous knowledge is the local knowledge that is unique to a culture, community or society and builds upon the historic experiences of a people adapting to social, economic, environmental, spiritual and political change.Although my paper focuses on traditional knowledge as it relates to the physical sciences and ecology, it is important to

the importance of physical education Essay

1171 words - 5 pages exercise regularly (“Information”). But for many students, the only exercise they may get is at school in a PE class. I feel like PE is a great class, but gets overlooked as a waste of time. The importance of teaching physical education is taken for granted. We can attain healthy habits, get exercise, and have fun while doing it. I believe physical education classes should be maintained and emphasized more than they are now. Most people view it

The Importance of Physical Activity

640 words - 3 pages The adults surrounding American children should teach the kids about the importance of physical activity in their daily lives. Most importantly, children need to realize that maintaining an active lifestyle develops a safer and more practical way to stay healthy than dieting. Furthermore, when children practice a vibrant way of life, the odds of him/her acquiring an eating disorder later in life are smaller. Finally, history has proven that

The Importance of Physical Activity

1397 words - 6 pages Organization (2000) (McDevitt & Ormrod, 2010). Physical activity is important to children in the middle childhood age group because a staggering amount of children have become overweight in the last few decades and teachers play a role in preventing obesity by becoming a positive role model, teaching children about physical activity and the importance of nutrition, and understanding the way in which children develop and what their developmental

The Collapse of the Domino --- Chinese Real Estate

1450 words - 6 pages least 30 percent and even higher in large cities and for a second property.” (Fan) Just as what they say, the current individual housing mortgage loans is a bank with the best quality assets. However, if the Chinese economy downturn, real estate prices fell, or in a counter-cyclical process, then the risks that the financial system and the real estate market funds to local government financing platform will fully display. Now a lot of people will

FDI in Real Estate of India and China

4358 words - 17 pages FDI in Real Estate of India and China FDI refers to the investment made by a foreign individual or company in productive capacity of another country for example, the purchase or construction of a factory. FDI also refers to the purchase of a controlling interest in existing operations and businesses (known as mergers and acquisitions). Multinational firms seeking to tap natural resources, access lucrative or emerging markets, and keep

The Philippine Real Estate Market

755 words - 4 pages man of Asia”. The Philippine Real Estate market in totality moves up, so there’s still no signs of asset price bubbles in the property market. As the Philippine Gross Domestic Product rose by 7.8% in the first quarter of 2013. And when the GDP of a country rise, it will set the context for rising property prices which gives an expectation for a strong growth of the country’s economy. In Asia, Philippines property prices are one of the lowest and

The Use of Geographic Information Systems in Real Estate Appraisal

5038 words - 20 pages . This type of analysis could be done for each comparable sale to show which are most productive for luxury housing with a view amenity and why location adjustments really are appropriate for varying levels of visibility. Step 2: Delineation of the Market Area The Office of Real Estate Appraisers (OREA) has recognized the importance of properly defining market area as part of USPAP compliance. This step is crucial because if the wrong

The Importance of Gaining Knowledge

1009 words - 5 pages increase his range of knowledge. He considered the knowledge he was gaining as a treasure even more valuable than monetary possessions. He says, “My real treasure is…the rays of intelligence you [the Abbé] have elicited from my brain” (Dumas 221). In both cases, Douglass and the Count of Monte Cristo compared knowledge to something as necessary as bread, or valuable as treasure. They focus on knowledge as the means to escape, which inadvertently

Target's Physical Assets and Monetary Values

1248 words - 5 pages Physical AssetsTarget Corporation was founded in Minneapolice, Minnesota in 1902 as the Dayton Dry Goods Co. In 1962, the first Target store was opened in Roseville, Minnesota. It is the sixth-largest retailer in the United States. It is also ranked the 29th on the 2006 Fortune 500. It sells more gift cards than any other retailer in the U.S. and is also the third-largest seller of music in the United States.Target is a chain of discount

Women´s Knowledge and Power: The Importance of Gaining Support

2030 words - 8 pages It is not possible to be entirely self-sufficient. People need support to do well in society; they need to learn from the mistakes that their predecessors have made, as well as their triumphs. Throughout the interviewing process, as well as the class of Women’s Knowledge and Power, the importance of gaining support, having mentors, and never giving up has become abundantly clear. Without mentors, teachers, and friends the world would be full of

Similar Essays

The Sucess Of Results Real Estate, Inc

1457 words - 6 pages Abstract Results Real Estate, Inc., a property management company located in Georgia, has become very successful over the past 20 years. From a small beginning, the company has grown not only in size, but also in revenue and number of accounts held. There are many things that attribute to the success of Results Real Estate such as target market, location, cost, and customer service. Each of these topics will be discussed in detail. Results Real

The Undersurface Of Real Estate Company

2898 words - 12 pages organization, and the capitalists exploit working class. I argue that Real Estate Company is a gendered organization, which each position has its gender preference. It follow the pattern of gendered organizations are the total pattern of gender relations- token stereotypical expectations, interpersonal relationship, and men's and women's different placements in social, economic, and political hierarchies. Most importantly, the exploitation is hidden the

Real Estate And Technology Essay

1172 words - 5 pages ). The information that is gathered in this process can provide a skeptical potential buyer with the knowledge and confidence needed in purchasing a home.The use of technology is an absolute must, but simply slapping a few pictures on a poorly designed website is not enough. A professionally designed website, that provides links to real estate laws and regulations set prospective buyers at ease. As the use of technology increases throughout society

The Importance Of Knowledge Essay

997 words - 4 pages A young man has just graduated college, and he’s trying to make money without having to get a job. As he surfs the web for ways to do this, he finds a website that claims that it will add money to your bank account as soon as you enter your credit card number and information. A few days later, he finds out that over $2,000 has been charged to that credit card without his knowledge. In today’s society, it’s not uncommon to hear about cases of