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How Sustainability Sets Up Real Estate Developers For Success

Real Estate Developers For Success

The growth and profit potential in the real estate segment is high, but developers also have to deal with stiff competition. You cannot expect to thrive without giving something extra to your customers with your projects. Of course, you must cover the basics, such as quality construction, timely delivery, and optimal prices

But green development can give you a winning advantage. Embracing a sustainable approach and applying it to your projects is easy, and it delivers immense benefits to your business. Let us explain how sustainability sets up real estate developers for success.

Make The Most Of The Growing Demand

Most Of The Growing Demand

With more and more people joining the green bandwagon, the demand for sustainable properties is booming. The trend works both for residential and commercial buildings. Owners are willing to spend more because they get the benefits of green living with them. From saving energy bills to maximizing the space and breathing easy in non-toxic interiors, they can get the best with such projects.

As a real estate developer, you can make the most of the trend by investing in green development instead of traditional methods. The best part is that you only need to change a few things to embrace the approach, such as changing the designs, construction materials, and features of buildings.

Read Also: How To Sell Off Plan Property In Dubai?

Maximize Your Income And Profit Potential

Besides being in high demand, green properties also offer a better income and growth potential. Buyers are willing to spend big on these projects because they can cover the cost sooner than later with high energy savings. You can sell projects at a premium by adopting sustainable building practices and spreading the word about them.

Beyond making higher profits with such projects, you can secure several incentives for doing your bit for the environment. For example, you can get Commercial Solar Financing and tax cuts for building solar properties. The government rewards businesses for promoting energy efficiency and eco-friendliness. So you can leverage these rewards to lower the costs and make more profits in the long run.

Future-Proof Your Business

Sustainability is the future of every business vertical, and real estate development is no exception. With buyers becoming more eco-conscious, they expect sellers to follow suit and realign their offerings. Going green can set you apart in the property market and help you build a reputation to become a market leader.

It shows that you are willing to do your bit for the environment by conserving resources. Likewise, you can also keep pace with industry standards and trends by reworking your approach.

Another great thing about sustainability is that it sets you up for regulatory compliance. You hardly need to worry about facing penalties and action for non-compliance to environmental regulations once your business becomes sustainable from the core.

Going green should be a priority for land developers because it offers more benefits than one expects. You can achieve immense growth in income, profits, and reputation with only a few changes in your processes and practices. You must do it sooner than later to make the most of the sustainability trend.

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Abdul Aziz Mondal

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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Which Entrepreneur Made Tractors Before Entering The Sports Car Business?

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CFR vs CIF

CFR Vs CIF: What Are The Differences Between These Shipping Terms?

CFR vs CIF: What is the difference between the terms? – You will find both terms standard in shipping and transport, and both are part of international trade rules. CFR is a trade term that means the seller will transport goods by sea to the destination port. On the other hand, CIF means that the seller pays to cover the cost of shipping and insurance to ensure there is no potential damage or loss for the buyer. In this article, you will learn about two popular terms in shipping: CIF and CFR. First, we will get a general overview of both the terms. Then, we will discuss the function of the seller in both cases. Finally, we will examine the differences between the two terms. Hence, to learn more about the two terms, read on to the end of the article. CFR Vs CIF: An Overview Of The Terms One of the interesting things about both terms is that they are known as incoterms. According to Indeed.com, “Incoterms are common trade rules developed by the International Chamber of Commerce (ICC). They define the responsibilities of sellers and buyers while participating in international trade. CIF is an Incoterm specifically meant for shipping across oceans or international waters. There are other internationally recognized Incoterm that buyers and sellers can use when delivering products.” Furthermore, both are part of the larger group of international trade rules. The International Chamber of Commerce (ICC) devised the rules. The first version of the rules came out in 1936. both terms consist of guidelines for traders. Basically, CFR and CIF are similar terms. However, in CIF, the seller will also need to pay for the marine insurance to offer protection against loss, destruction, and damage to the order. What Is Cost And Freight (CFR)? As per Investopedia’s definition, “Cost and freight (CFR) is a legal term used in foreign trade contracts. In a contract specifying that a sale is cost and freight, the seller is required to arrange for the carriage of goods by sea to a port of destination and provide the buyer with the documents necessary to obtain them from the carrier.” This term strictly finds its use in cases of cargo transport through sea or inland waterways. However, in this case, the seller does not have the responsibility of procuring marine insurance, as is the case with CIF. The insurance is to provide protection against the risk of loss or damage to the product during transit. What Is Cost, Insurance, And Freight (CIF)? On the other hand, CIF (cost, insurance, and freight) gives responsibilities to both buyers and sellers. This is also the case in the case of deliveries through transport through seas or inland waterways. The term gives information about who will merchandise the shipment and when. If you follow the rules of a CIF agreement, you will be able to divide your shipping costs. Apart from that, you will also have a basic understanding of when you have responsibility for the shipment in the shipping process. With the CIF agreement, you are transferring both your costs and your risks, but at different times. Here, as a seller, you are transferring the cost when the financial responsibility of the product shifts from the seller to the buyer. Generally, the cost transfer occurs when the product reaches the destination port. Here, you will have to take responsibility for any merchandise cost before that. The risk transfer happens when the responsibility for the lost or damaged item shifts from the seller to the buyer. In this agreement, this risk transfer happens after the goods are loaded onto the ship. Hence, while the goods are traveling, the seller is responsible for handling shipping costs. However, the buyer will be responsible for the damages to the merchandise or in case of loss. CFR Vs CIF: What Are The Differences? According to Investopedia, “Each term refers to an agreement governing the responsibilities of shipping that fall respectively to buyers and sellers in an international trade transaction. This system of agreements aids in an orderly process of international trade by making contract models available that are easy to identify and understand in all languages.” However, there are some primary differences between the two agreements. The major difference lies in one additional responsibility for the seller (shipper). In the case of CIF, the seller must also provide a minimum amount of marine insurance on the shipped goods. Here, the buyer and seller agree on the insurance amount beforehand. Apart from that, the seller of the product takes up the responsibility for additional costs related to the transportation of the product. In addition to that, the seller also pays for paperworks, custom inspections, rerouting, etc., that might occur during the transport of the product. However, the buyer here has to take responsibility for any damage to goods or even loss during transit. CFR Vs CIF: Understanding The Difference With Example You can understand the difference between CFR and CIF easily with the help of this example. Let’s say Seller X sells a particular good from Spain to Buyer Y in the United States. Here, Seller X pays for the shipping from Spain to the US. Also, the seller is responsible for the shipment until the goods are loaded on the shipping vessel. After the loading of the vessel, Buyer Y takes over the responsibility for the goods. This agreement is the same for both CFR and CIF. However, under CIF, there are additional responsibilities for Seller X. Here, Seller X needs to buy insurance for the transfer of goods. With the insurance, the seller will need to cover the loss or damage to the goods at the time of shipment. Eventually, after the goods reach the destination port, the seller does not have any responsibility. Wrapping Up CFR vs CIF – Hope you have found an understanding of both the terms and the differences between them. You can see from the article that both are quite similar agreements. However, in the case of CIF, the seller bears an additional responsibility. Do you have more information to add? Consider sharing them with us in the comments section below. Find More About Business By Clicking Below!! Equity Theory: A Balancing Act for Modern Workplaces What Is A Distribution Channel? Essential Things To Know About It How Does The Procurement Process Work? Essential Things To Know About It