Investments in housing developers have many aspects and are interconnected, among others, aspects: technical and non-technical, economic, financial resources, regulations/licenses, sales, and land issues themselves. Housing is a building built by humans on land that can not move but has economic value that can be mastered.
The characteristics of housing development investment have two categories namely economic category and physical category. Economic characteristics are factors that affect the value of investment and also related to the concept of time value of money (time value of money). In the long run the price of land on the land will increase in value. Where the processing of land on a land is a business development/maturation on the land is related to the readiness of resources such as funding (ownership capital and credit from banks) and labor. Physical characteristic of the soil is unique meaning it is fixed where the position of the land with each other can not be moved.
Development/maturation on the ground can be:
(1) Efforts to increase the utilization of land by changing the land on the land from its original form into the form of land that is ready to be built house on it,
(2) Implementation of construction work to construct structures of houses on land on ready-made land (including houses) including infrastructure works. This can be interpreted as a real estate project is a project that requires a large initial cost (outflow of cash) and a long time, while new income is obtained at the stage of sales (cash in flows) that occur in the period to come. The above matters affect the study of housing construction investment and recall the long duration of implementation that allows unexpected problems to arise. Therefore, it is necessary to calculate the forecasting of costs and benefits on the concept of the flow of funds, arising from uncertain conditions. The analysis of this investment in the uncertain condition is especially observed in the economic aspects that arise in the future. The analysis model used is the technical mechanism of discounted cash flow.
The results of this analysis can be used to get a decent decision in investing by reducing the "bad risks" in the future, both for the debtor and the creditor
The characteristics of housing development investment have two categories namely economic category and physical category. Economic characteristics are factors that affect the value of investment and also related to the concept of time value of money (time value of money). In the long run the price of land on the land will increase in value. Where the processing of land on a land is a business development/maturation on the land is related to the readiness of resources such as funding (ownership capital and credit from banks) and labor. Physical characteristic of the soil is unique meaning it is fixed where the position of the land with each other can not be moved.
Development/maturation on the ground can be:
(1) Efforts to increase the utilization of land by changing the land on the land from its original form into the form of land that is ready to be built house on it,
(2) Implementation of construction work to construct structures of houses on land on ready-made land (including houses) including infrastructure works. This can be interpreted as a real estate project is a project that requires a large initial cost (outflow of cash) and a long time, while new income is obtained at the stage of sales (cash in flows) that occur in the period to come. The above matters affect the study of housing construction investment and recall the long duration of implementation that allows unexpected problems to arise. Therefore, it is necessary to calculate the forecasting of costs and benefits on the concept of the flow of funds, arising from uncertain conditions. The analysis of this investment in the uncertain condition is especially observed in the economic aspects that arise in the future. The analysis model used is the technical mechanism of discounted cash flow.
The results of this analysis can be used to get a decent decision in investing by reducing the "bad risks" in the future, both for the debtor and the creditor
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