involved into to experience a more significant profit from the properties within a span of three years. Threats Since we are going to raise the buildings in the land we bought some time back, we can be faced with challenges such as hostile neighborhood that our customers would not accommodate thereby interfering with the aims of the New Home real-estate investment. And also the renovations that we will do on the already existing properties might result in losses especially if these properties don’t have a good foundation. The employees working for the firm may not be friendly to the customers, and this will drive away the customers. The already stable organizations might decide to lower their prices to their customers to get more customers. And since they are already stable in the field, they will automatically outdo our firm. In addition to that, whenever there is inflation in the country, there are high chances that our company will run at a great loss especially in its initial stages when we will be paying our loan back to the respective companies where we borrowed them. The introduction of the newer technologies may also interfere with some of the plans that we have put in place to implement in our marketing strategy, for instance, the use of the website. The government may also decide to offer accommodation to the government employees in their buildings and this may in future hinder the booming business of real estate thereby making our firm to make losses due to lack of customers. Some customers may also default when it comes to the payment of their interest rates. Vision New Home is dedicated to strategic real-estate investing throughout the United States. The plan of the New Home real-estate is to ensure that most of the apartment that we build are majorly found around the university and more so where there are middle-class individuals that
: 6 have little income. We are planning to purchase at least an apartment every year. When the three years end, the organization will have at least four apartments with a total of 200 units. Mission Consistent profit for the investors for the organization distinguishes New Home real- estate investment philosophy as well as the track record. This success is brought about by the conservative investment approach that is also aiming at occupied and non-speculative portfolios giving an inherent advantage with good return. In most cases, New Home takes part in the management and enhancement related to such properties are acquired as the targeted value is met or exceeded. Corporate values The corporate values of the New Home are to ensure that it is managed and raised in accordance with the vision of the organization. It also makes sure that quality properties are given to the customers and at a lower interest rate. The returns got from the interests and sales will be shared equally among the partners. The employees will also be encouraged to be creative and innovative in the activities that they are doing in the firm. The New Home is also aiming at
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- Fall '13
- Balance Sheet, ........., Generally Accepted Accounting Principles