Developers

A real estate developer is a person or company that oversees all of the people involved in the building or renovating homes, offices, retail centers or industrial sites. These projects may convert vacant land or empty, neglected buildings into new businesses and homes.

Specifically, real estate developers need to see the potential in a piece of land or property, then organize the resources to turn it into reality. They develop a plan that includes finding investors to buy the property, decide what to build or rebuild on that property and find the contractors to complete the project. They predict how much money the new homes or businesses will bring in; developers then manage the construction and ultimately sell the project.

From start to finish, a job could take years to complete, with all of the stages of the real estate development process. Real estate developers have expertise in the following areas:

• Land acquisition
• Market studies
• Approvals and permits
• Project financing and financial analysis
• Building development
• Building renovations