Are you a budding entrepreneur but you lack ideas on what real estate business to start? If YES, here are 100+ best business ideas in the real estate industry.

Real estate investment is a very attractive avenue for wealth building, as there are few other business opportunities where the potential for income is so high. However, it can be a very risky endeavour to step out on your own and jump into a volatile market. Navigating the financial and legal issues surrounding real estate investment can be an incredible hassle. Still, thousands of people are doing it every day and the smart ones are coming out on top.

Real estate investments help people improve their respective living standards. Real estate gains combine property value appreciation alongside rental income. On the other hand, expenses stemming from owning real estate include mortgage loan interest, property tax and maintenance costs. Devise your real estate investment strategy prior to setting up a business structure and securing financing. The ultimate goal should be to improve financial returns while managing risks.

This industry consists of establishments that construct or develop commercial, industrial and multifamily residential property and establishments that provide commercial real estate services, including renting, leasing, managing, buying and selling real estate. Other related services, such as appraisals and consulting, are also included.

100+ Best Small Business ideas in the Real Estate Industry

1. Property Development Business – The property development industry falls into the real estate category and it is indeed a very large industry that has the potential to make entrepreneurs millionaire within a short period of time. Property development industry is a many-sided business that covers all aspect of activities, ranging from acquiring raw lands, to selling or renting or leasing of fully finished and furnished properties.

2. Real Estate Brokerage Business – The real estate industry is one of the many industries that is a major contributor to the growth of the economy of many nations of the world. As a matter of fact, a real estate agent can become a millionaire ‘overnight’ from just one real estate deal; little wonder the industry is responsible for making many instant millionaires in the United States of America, as well as the rest of the world.

The real estate industry involves the buying, the selling, or the renting of lands, buildings or housing facility et al. Real estate agency or a real estate agent (broker) is a person who acts as a middleman between the sellers and buyers of real estate / real property. They are involved in searching for sellers who sell properties and buyers who wants to buy properties.

3. Property Management Business – Property management which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate businesses to start. It is basically about lease contracting or accepting rent using legal documents approved for the area in which the property is located.

In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners.

4. House Flipping Business – The real estate industry is one of the many industries that is a major contributor to the growth of the economy of many nations of the world and house flipping is one of the many businesses in the value chain of the real estate industry.

As a matter of fact, a real estate agent (flipper) who is engaged in house flipping business can actually become a millionaire ‘overnight’ from just one house flipping deal. Little wonder the industry is responsible for making many instant millionaires in the United States of America, as well as the rest of the world.

5. Self Storage Unit Business – Self – storage units are mini storage spaces created for people to store their belongings for a short period of time, i.e. on a monthly basis and it is subject to renewal. The storage space could be lockers, rooms, boxes, containers or even an empty space in a secured environment. It is important to state that self – storage unit isn’t open for people to rent and live in it.

It is strictly for storing of personal belongings and goods. For instance’ if you rent a storage space, in a facility, you will be the only one with the key to the storage unit / space and as such the goods you choose to store in your space won’t be covered by the facility insurance.

6. Vacation Rental Company – Those who have a vacation home are usually those who can afford to get away at certain periods of their life from the daily grind to a place that is deemed relaxing or a tourist destination. While not everyone own vacation homes, almost everyone has at one time or the other traveled for a holiday of some sort and must have loved the idea of having a private place to themselves without having to deal with hotel staff and procedures.

Therefore, if you are fortunate to have a vacation home and are looking for extra money, then you should be rest assured that a vacation rental business will likely help you out.

7. Property Preservation Business – Property preservation line of business which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate businesses to start.

Basically, companies in the property preservation or property management industry help to keep vacant properties secure, safe and well-maintained inside and out and also manage residential and nonresidential real estate for property owners.

8. Mobile Home Park Building Business – Businesses in this promising industry act as lessors of real estate that does not include permanent buildings; such real estate includes manufactured home (i.e. mobile home) sites, vacant lots and grazing land.

It is important to state that manufactured and mobile home sites are residential developments for the placement of detached and single-family manufactured homes that are produced off-site. They are then installed within the community on a residential site that is leased by the homeowner.

9. Event Center Business Plan – The event center business is becoming a popular one as new event centers are opened everyday somewhere in the world. Most businesses in the hospitality industry are also leaning towards this trend by constructing multi-purpose halls or renovating existing facilities so as to be able to tap into the trend of hosting parties and conferences.

Globally according to reports, the hotel industry has also recognized the importance of having centers to host and service meetings to its revenue base and has started expanding its offer to cover these areas. This has helped to boost the bottom line for most of these hotels.

10. Appraisal Management Company – An appraisal management company is a company that offers professional services in the real estate industry on behalf of their clients who are known as lenders. They administer a network of independent appraisers who deliver real estate appraisal assignments on behalf of lenders.

In a broad perspective, property appraisals and valuations are carried out in other to determine the sale, purchase, lease or rental price of the property in question. Appraisal of properties is done for specific reasons which include investment evaluations, rental determinations, litigation and compulsory acquisitions, property development feasibility, and taxation concerns.

11. Property Maintenance and Renovation Business – Property maintenance and renovation or better still property management business which is a subset of the real estate industry is perhaps one of the easiest and affordable real estate businesses to start; it is basically about lease contracting or accepting rent using legal documents approved for the area in which the property is located.

In a nutshell, property management companies are responsible for taking care of and managing buildings and other real estate properties for individuals (landlords) or for groups of owners.

12. Real Estate Investment Holding Company – Holding companies can be classified under the Venture Capital and Principal Trading industry and this industry comprises of firms and investment consultants that act as principals in the buying or selling of financial contracts.

Principals in this context are investors who trade (buy or sell) for their own account, rather than on behalf of their clients. This industry consists of holding companies, venture capital firms, investment clubs and viatical settlement companies, and does not include investment bankers, securities dealers and commodity contracts dealers trading as principals.

13. Home Inspection Business – The home inspection business is a niche idea in the Building Inspection industry and firms in this industry basically perform inspections on buildings. When home inspection representatives inspect a building, they evaluate all aspects of its structure and component systems, and they prepare a report on the physical condition of the property.

These reports are written for buyers or others involved in real estate transactions. Please not that aside from home inspection companies, building inspection services is also included in this industry.