Real Estate News

How To Build A Career In Real Estate Development


Written By: Realty Times Staff
Wednesday, March 21, 2018

If youre looking to start a career as a real estate developer, there are all sorts of things that youll need to think about before you take the plunge and start out in this rewarding yet difficult industry. From deciding on the right college degree to maximize your chances of finding a job after graduating, to building the skill set needed to manage the problems and people youll come across once youre working, theres a lot to get sorted out. However, by doing your research and planning ahead, itll be easy to lay the groundwork and get your dream role lined up. Here are some top tips to follow to kick-start that real estate development career.

Start in the right place

As with any career, a working life in real estate requires you to begin in the correct place on the career ladder. Making a wrong choice as a young person starting out could haunt you for the rest of your life, so its a good idea to make it work from the outset. Remember, there are a whole host of things that youre going to need to learn about -- ranging from how mortgages work to how youll navigate the planning and development rules set out by local, state, and national governments. Getting a first job that teaches you these skills is vital, otherwise youll be at a lifelong disadvantage and may find that future employers consider your experience too specific.

Get educated about the sector

While historically it was common for real estate businesses to be family run and for people to learn on the job, its now increasingly more popular for young people entering the industry to get their degree in a >

Leave the office and get talking

In this business, its vital for people who want to make a success of themselves to ensure that they do all of the networking they need to find that dream job. There are all sorts of organizations and conferences across the country that are vital for you to attend if you want to advance quickly; these include national organizations such as the National Association of Home Builders, which is one of the USs largest trade organizations. If youre still in college, you may find that there are campus branches of >

Find a role model

Real estate is a complex business, and its likely that youre going to face some hurdles and challenges along the way while building your career. Thats why learning from those who have already been there and done it is a great move. Finding a role model doesnt have to be difficult; you could, for example, ask a tutor on your course if they know of anyone in the business willing to offer some practical help and advice. If that doesnt work, you could try speaking to local real estate development companies in your area. You never know, they may admire you for your courage, and even end up offering you a job somewhere down the line

Dont give up

From getting denied financing for your latest development to finding that the contractors you hired werent up to scratch, there are all sorts of problems that a career in real estate is going to throw at you. Giving up at the first hurdle will simply rule you out of the race to success -- but by carrying on and using your knowledge, problem-solving ability, and support network to find a way forward, youll soon find yourself back on track.

Real estate development is a great career choice for those who are enterprising, tenacious, and savvy when it comes to money and investment. While there are various pitfalls to look out for, including unscrupulous colleagues and suppliers or not keeping up with the latest trends and knowledge, theres no reason why you cant build a fun and well-paid career in this booming and fast-growing sector.



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