Property DeveloperJob Description:
Property developers generate income by buying property, renovating it, and then selling it or renting it out.Job Category:
What you will do:
Your day-to-day duties could include:
- managing development finances
- obtaining planning permission
- organising renovations
- hiring contractors
- negotiating with property owners, real estate agents, and investors
- maths knowledge
- knowledge of building and construction
- legal knowledge including court procedures and government regulations
- to be able to use a computer and the main software packages competently
As well as:
Most property developers tend to enter this career after finishing a degree in a related subject, like Business, or by completing an apprenticeship.
You could complete a property-related qualification offered by the country where you practise. In the UK that will be the National Federation of Property Professionals (NFOPP) or the Awarding Body for the Built Environment (ABBE).
Working Hours and Environment:
Due to the nature of this job, you might spend a considerable amount of time on-site, meeting with contractors and clients, financiers, investors, and suppliers. You may also spend time traveling, with potential overnight trips.
On quieter days, you’ll be working in an office setting, which could be at home.
Career Path & Progression:
Property developers tend to build up to developing and managing bigger projects. Some even opt to further their careers by undertaking postgraduate studies, such as a Masters in Property Development.