Mohammad Yousof Hakemy is an alumnus of the Afghan Institute of Technology and a real estate developer. He is the principal of Hakemy Businesses and Property Management, a company based in Dallas, Texas. Mohammad Yousof Hakemy enjoys running and biking as much as he loves acquiring, developing, and selling properties.
Real estate development entails a lot of time and money, and the process is complicated. However, the first stage or pre-development phase is one of the most important. During this stage, the focus is mainly on the endeavors necessary to acquire the property. The first set of activities includes market analysis and feasibility studies, determining the best place to acquire land, and identifying the permits needed. The second set of actions is environmental assessment, surveys, and getting site plans, building plans, and development plans.
Sometimes, developing a property may require some infrastructural changes to nearby buildings. After this is determined and received, it’s time to go to the final step of the pre-development stage, which is arranging construction financing. The different activities in the first stages of property development may take several weeks to conclude. However, they’re essential parts of the process, and a developer should take them seriously.
Mohammad Yousof Hakemy 