Why Pursue a Career in Real Estate Development?

 

Real estate development is a fast-paced, dynamic and exciting industry. It’s also a challenging and complicated one. To work in this fast-paced industry, you need concentration, motivation and the ability to think on your feet. Moreover, it requires you to have a lot of patience as well as an eye for detail. If you are interested in working in real estate development and want to know what kind of opportunities are out there for a career shift, then keep reading, as real estate executive Jack Bistricer explains more about real estate development careers and how pursuing one might benefit you.

 

What is Real Estate Development?

Real estate development is a branch of real estate that involves the acquisition, ownership, and development of homes, apartment buildings, and commercial properties. Real estate developers acquire and finance properties through contractual obligations and financial leverage. They then rent or lease the properties and employ hired hands who manage the properties on behalf of the developer.

 

How to Become a Real Estate Developer

To become a real estate developer you must have a passion for real estate and a great deal of determination. You will also need to be organized, self-disciplined and have good communication and organizational skills. It's important to note that becoming a real estate developer is a highly selective profession. Those who are selected to enter this field must possess a solid understanding of land use, zoning, building codes, financing, accounting, and economics. Furthermore, they should have strong written and verbal communication skills as well as the ability to work under pressure, explains real estate developer Jack Bistricer.

 

The best investment for your real estate development career

The best investment for your real estate development career is to focus on the right college degree. While being a developer does not require a degree, to get the right first job, does, adds Jack Bistricer, Chairman & Chief Executive Officer at Talisker Club.

 

Conclusion

The best way to advance your career in real estate development is to work for a large, established developer. The industry has seen dramatic change in recent years, and many of the larger developers are looking to expand their staffs with new employees. It is important to note that hiring managers prefer professionals with recent work experience. Working as a real estate developer can be a great way to develop skills that you will use in your future career. You will also have a lot of fun working in this exciting industry.