Michael Intoccia is a Sharon, Massachusetts-based real estate developer with more than 35 years of experience. The Cape Club of Sharon and the Cape Club of Falmouth are two of Michael Intoccia’s major real estate development projects.
Many undeveloped lands in the United States have transitioned into commercial and residential properties thanks to the work of real estate developers. Residential real estate developers acquire real assets, improve them, and sell them to clients (often homebuilders). Commercial real estate developers help erect commercial buildings on land or improve outdated properties to revitalize regional commercial business activities.
Every residential real estate developer invests in a region when they buy a parcel of land or improve real estate property in that region. Since the generic goal of developers is to generate a return on their investments, they often seek a head start in their strategies by researching locations and predicting trends. The prime goal is to invest in locations or markets with minimal risk of crashing in the future. To that aim, real estate developers look for trends like the migration rate of Millenials to a region or the rate at which new couples buy homes in an area.
Real estate developers may incorporate ongoing consumer trends into their property development strategies. For example, many consumers are looking to buy homes powered by clean energy sources to minimize air pollution, like greenhouses. In response to this trend, some developers have invested in solar panels.
