The main focus of our company is real estate brokerage services and residence permit registration.
Thanks to our diligent and careful approach to work, and thanks to the trust of our clients, over the past few years we have strengthened and developed another direction - assistance to real estate developers!
Let's consider several "cases".
2018-2019. Construction of a private house in Marupes. Area: 142 sq.m.
Our role:
First, we developed an investment scenario. Construction of a private house that will be rented out for two years, and then will be sold.
Then, we attracted investment. Along with this, we checked tax and legal issues, and decided that the developer would be a legal entity (company).
Next, we selected a land plot. In parallel - active work with the architect to understand the project cost, and with the construction company to ensure that the construction company will stay within the construction cost included in our calculations.
When all issues were successfully resolved, verification of the land plot, receipt of confirmation from the architect and builder, we started the project.
The house was built in seven months. Then another two months were needed for commissioning.
After completion - a tenant was found who pays rent carefully already in the second year, and is completely satisfied.
Return on investment: rental income is returned to the investor. This is the first method of return on investment.
And the second method is the return of funds from the sale (with profit), when the property is sold. At the investor's discretion, the funds may remain at the disposal of the company for future projects.
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Since 2018. Residential building with 9 apartments in Riga. Reconstruction of a historic building, as well as construction of a new residential building.
Our role: consultation and project management.
Since 2017, the architect has been trying to develop and agree on the project. He lacked time and experience.
First, we assessed the situation, performed an inventory of documents, and outlined an action plan.
Then we engaged an independent architect who began to coordinate the process, who compiled a checklist of missing documents and approvals, and monitors the completion of this checklist.
As needed, we also help - request approvals from authorities, interact with the construction authority and Riga City Council.
It is expected that the project will be approved by the end of 2020. After that, construction can begin.
In addition, there are four more interesting cases that we will tell you about next time.
If you are also interested in investing in a development project, or if you need legal and administrative support, contact us, and we will help!
Have questions? We look forward to your email or call!
Phone number: +371 29774775
Email: info@kominvest.com
Skype: KOM-INVEST