Extraordinary opportunities existing throughout the City of St. Louis for a conscientious developer to have a positive impact. Renovating for profit is an entirely different beast than renovating an owner-occupied home. The owner-occupant has a greater degree of flexibility when it comes to purchasing, scheduling, financing, budgeting, and management. Where the owner-occupant can decide to delay finishing the third bedroom, painting the dining room, or fixing a hole in the plaster, the developer cannot. Incomplete projects and stop-gap measures have an immediate and measurable impact on the attainable sales or lease price of a piece of property.

Every month that the developer holds a piece of property counts against the bottom line, so he or she must carefully balance timelines and cost estimates to ensure profit.

This section includes information on:

• Condos vs. Fee Simple Townhomes
• Starting a Renovation Business
• Essays from Experienced Developers
• Rental Property