Property Development 

Students will be able to prepare development budgets; prepare critical path timelines; and describe the development process from conceptualization to completion of development projects  

• Prepare a site inventory and site analysis for a proposed development.

• Prepare site plans for residential and commercial properties. 

• Describe critical phases of property development Management. 

• Prepare critical path schedules for all phases of property development. 

• Prepare and maintain preliminary development costs and budgets. 

Property development is more than obtaining site layouts and permits, and then proceeding with the construction of an asset. Property development requires a developer to have a fine balance of understanding the implications of their site layout, implications of costs and budgets attributed to the site layout, and the time required to develop an asset. Those three attributes alone can affect when a project can sell a final product to its end user. When a developer fails to manage their property development effectively, they can face diminishing financial returns as time is a proponent of calculated rates of return. Alternatively, reducing projected costs and speeding up the development timeline would benefit a project's returns. A project should be unique to cater to its intended audience. A developer who creates a sense of place and arrival yields to have a more successful project. This is due to their project having more appeal than their alternatives that are in the same market.   

Related Courses: