Land of Plenty: Becoming a Successful Real Estate Developer

Post date: Sep 18, 2017 7:33:09 AM

Developers who have successfully maneuvered their way into the high-risk world of real estate development share characteristics that are absolutely indispensable in a business that promises the world but can also take so much if not done properly.

Some say that a proper education with a concentration in a field such as business administration or finance can groom one into becoming a successful real estate developer with a keen business acumen. But there might be more to it than educational attainment. If anything, studying in a reputable school can help people forge future business relationships, connections, and networks that would be important to a rewarding real estate career.

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Building relationships with professionals that might help one strengthen the quality of development is naturally obligatory for this field. Contractors, lenders, architects, designers, and others can all facilitate one’s dream of becoming the star developer. An outgoing personality should be matched by trustworthiness which is the number one requirement for making these relationships last.

Problem-solving and other critical, analytical skills prepare a developer for many issues that plague the world of real estate development. Going beyond simple hacks and patch ups, one can invest in resources (from internet tools to market research work) that could mitigate the risks or establish workable plans for high-priority projects.

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Adaptability is also an essential virtue for any reliable real estate developer. This is where real creativity and insightfulness comes in. The market and client needs fluctuate, so one must be ready to find new ways of developing properties based on these shifting trends and concerns.

Randy Benderson is the President of Benderson Development, a venture his father Nathan Benderson established in New York over 60 years ago. The Bendersons believe that success is a product of excellent work ethic and passion for growth. For more reads updates on the company’s ventures, visit this page.