Real estate accounts for 7% of the country’s GDP and is the second largest employer after agriculture. Yet, few realise the immense prospect, choices and benefits that real estate provides as a career.
Better risk-reward ratio
Real estate is one sector where a background or generational advantage is not mandatory for your success. Contrary to the perception that real estate careers are high risk/high reward, the sector is one of the few where calculated risk results in significant returns. Unless you want to be a developer, several real estate careers can be launched with minimum to no investment. Being a real estate agent or a channel partner is one such career. Regardless of whether you have just graduated or are retired and seeking part-time work, individuals have the opportunity to become a real estate channel partner. Through this endeavour, you can make a living by assisting individuals and companies in discovering their ideal residences or office spaces.
Self-employment potential
Real estate is empowering for those who want to explore self-employment at their own pace. Depending on your inclination, you can start small and decide the trajectory of your career growth. This is particularly true in the case of a skill set that is not 'traditional' but has the potential to generate value for clients. Being a garden/landscaping service provider is one such option. If you are passionate about gardening, have a knack to grow and propagate anything green or have the aesthetic sense to mix and match plants that will enhance the ambience and beauty of a location, you can explore it as a career choice. You don’t even need to start big and can start by developing the garden/landscape of your own apartment building and demonstrate your skill thus slowly building up a clientele.
Unexplored options
Several careers associated with real estate remain unexplored or underexplored in India. A home staging expert is one such example. In India, the staging is often limited to upcoming residential schemes (in terms of a sample flat), and the work gets outsourced to interior designers. But staging can be done even for homes and offices for resale. Staging experts can help enhance the look and feel of a space by making a few changes to the colour scheme, rearranging furniture or adding a few distinct touches. Elaborate stagings are also available depending on the budget.
It is something that can be a good career option for anyone who likes to decorate but is reluctant to invest in office space or employees. As a self-employed staging expert, one can not only earn well but offer services that are affordable and help clients get better value for their real estate assets.
Whatever you choose to do, remember that real estate is a playground for a multitude of career options with lucrative perks and flexible working hours. It is one where you can develop a niche and benefit from it. In fact, it is the only sector where your career choice is limited by your lack of imagination.
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