Some may think
that the key to success in the real estate development industry is to take on
as many projects as possible and hope for the best. However, expertise,
attention to detail and planning are the true key elements to being successful.
CMC Group Founder, Ugo Colombo, was recently named a Power Leader in Real Estate by the South Florida Business Journal. He is an alumnus of the University of Miami with a degree in business administration. When asked what his key to a successful career is, his answer was simple. He only takes on one or two projects at a time and pays extreme attention to detail to each one.
He added that
planning in the beginning stages of a project is crucial to the project’s
success. It’s very similar to racing, if you aren’t prepared for the turn
seconds before, there may be big consequences to pay. The same goes for real
estate, if enough planning isn’t done before the project breaks ground, the
price will be paid during or at the end of the project.
ago, Miami had a totally different look and feel than it does today. When you
look at Miami now, you will see a beautifully diverse city with unique
buildings and people. This diversity can be explained by the great value that
Miami real estate offers on a global scale. Locals find the pricing of Miami
real estate to be incredibly expensive, but foreigners see low prices for
Ugo Colombo brought his Italian architecture and design to his luxurious buildings in Miami. However, Italy is not the only country that will be seen and felt in Miami’s culture. We may see a number of unique architectural designs that are influenced by a number of different cultures as more foreigners dive into the inexpensive Miami real estate market. Although Miami real estate may seem expensive to locals, according to the Worldwide Cost of Living Report by the Economist, Miami is ranked at number 71 in the list of most expensive cities. Singapore, Paris, and Hong Kong were all tied for first place. These numbers indicate that inexpensive luxury living in Miami will bring in more foreigners who are eager to get into this market while the prices are so low. With more and more foreigners entering the city, Miami will become an even bigger melting pot and will see cultural benefits from all the new and unique backgrounds.