Being your own builder: how to save 30–35% on housing
The real estate industry is one of the most expensive on the market. This is due to the fact that developers invest all the risks in the price, the cost of not only construction, but also land, the price of which increases every 5–10 years, besides, apartments are not bought immediately, and most of them are completely empty at first.
That is why housing construction cooperatives have gained such great popularity. Their principle of operation is simple: the capital of people who are interested in housing is united.
This system is called a crowdbuilding. It works great in the EU countries. Despite high wages and low mortgage rates, for many, property prices are still extremely high.
In addition to construction costs, one of the significant parts of the costs of any business related to construction is the cost of maintaining a sales and marketing department. Nobody will know about your project without advertising. Without a quality sales department, the chances that your home will be bought are very small.
What does Altano offer?
Thanks to Altano, you no longer need to maintain a marketing and sales department. There is no need to pay salaries to marketers, as well as purchase advertising on sites.
Our platform advertises your services by itself, allowing you to attract customers and at the same time save a significant part of your budget.
Thanks to our platform, equity investors will enjoy the chance to purchase homes at cheaper rates relative to purchasing ready-made housing. The developer has plenty of the buyers’ own savings, and the need for bank loans disappears.
The prospective investor’s margin rises when selling homes to the end customer because of the reduced building cost.
Altano also sets up unbiased audit options for stock investors, who can provide accurate data during work on the construction of the facility.
The presence of an escrow account will exclude the possibility of theft of equity holders’ funds, and the voting system will exclude the possibility of transferring funds without their knowledge.
Altano will provide investors with the ability to coherently collectively decide on financing through voting using a smart contract. Money for the implementation of each project will be transferred through an escrow account at each stage of construction.
As a result, thanks to the capabilities of the Altano platform, housing comes out 30–35% cheaper, gives more earnings to developers, and lower costs to buyers.
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