How Collaboration Benefits the Property Industry

Posted by The Landsite on 4th January 2024 -

The property industry is among the most collaborative out there, or at least it should be.  Any one property project requires the involvement of countless different parties, from contractors to engineers, solicitors to estate agents to name a few.  As it stands, however, the industry is fragmented; one in which disjointed processes and inefficient supply chains reign supreme. This needn’t be the case.

Networking offers significant advantages to any property-related business, irrespective of the specific service or industry it serves.  The Landsite created with this collaborative focus in mind. The Landsite enables developers and investors source the property, land or development site they are looking for alongside all types of associated services.

A networking based approach helps mitigate potential crises

Property projects are often stressful and fast-paced. There are few industries where the term ‘deadline’ is bandied around as much as it is within the property sector. The obvious solution would simply be to plan the project and source for the professionals you need, months in advance. Best made plans, however, often go awry.

One of the worst feelings as a property professional is being left in the lurch when someone, on whose services you were heavily relying, falls through for whatever reason.  Project managers face this issue in particular.  As a result, problem-solving is a more prominent job characteristic than they would perhaps like it to be.  Being able to quickly get in touch with the ideal contractor eliminates this issue. Networking of any kind, but particularly online, means you can build relationships with other industry professionals and contacting them is accessible should you need assistance quickly.

Collaboration fosters stronger relationships

The property industry is one grounded in trust; confidence both between the client and the contractor, and between contractors themselves. The more trust placed in one another, the more smoothly a project will invariably run.

To use an example, if as a property developer, you once had a particularly bad experience with a building contractor, then this may instil a weariness and hesitancy in the future.  Where your plans may once have been ambitious, they now become more cautious, and you don’t aim for what you perhaps could.  Rock-solid relationships however, the kind in which you know your contractor will deliver time and time again, enable property developers to push their standards as high as they can.

Of course, established relationships aren’t built overnight.  However, by using a trusted source for your contractors in the first instance, greatly improves your chances of developing such a relationship.  The Landsite helps property businesses establish a list of contacts that they can trust, and with whom they can push to the very limits or margins on a project, rather than holding back on account of caution.

Don’t settle for less than you have to

Competition stimulates higher standards, that’s a universal fact and not something unique to the property industry.  Pooling competitors into one collaborative platform does two major things.  Initially it enables property professionals to communicate and build relationships with one another online.  

However, it also encourages competitors to up their game, as on a platform like The Landsite, they’re being listed side-by-side with their competitors.  The property industry benefits from such collaborative opportunities, because the healthier the sector is as a whole, the more that will feed back into the individual players that comprise said industry.  In other words, collaboration encourages a more dynamic and energised market, one in which industry-leaders only stay as such if they don’t rest on their laurels.  That can only be a good thing.

The upshot

A stronger sense of community has never been more important in pulling the industry through this period of geo-political instability.  The Landsite make it much easier for property professionals to benefit from each other’s services.  

Collaboration enables several things; a streamlining of processes, greater project fluidity, and the ability for property projects to ultimately be delivered to a higher standard. 

The Landsite helps pool these separate resources together, providing a platform on which property professionals, developers and investors can forge meaningful connections, without having to wade through google for hours on end.

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