What to look for in a real estate developer

Eugene Bernshtam has said it before – not all real estate developers are created equal. Some are worth more investment than others. For today's blog, he shares his insights for picking out the ideal developer.

Education and Experience

According to Eugene Bernshtam, even though it's rarely discussed, it still has to be said that having an education, a certification, and a license is the bare minimum for real estate developers. None of the best real estate developers are without education, certifications, and licenses.

Eugene Bernshtam also points out the importance of experience, saying that some developers have more experience developing residential properties while others specialize more in commercial or industrial sites. In this regard, property and landowners should be open to developers who have a good history of developing land and property for their purposes.

Record

In line with experience, land and property owners should do their due diligence researching potential developers. Some developers may have the credentials and experience, but they may also have some skeletons in the closet. It's always prudent to dig deeper. Be careful, and always look for what previous clients have said.

Completed projects

Finally, Eugene Bernshtam mentions that people who plan to acquire the services of a developer should take the time to travel and check out the land and properties potential developers developed previously. Most of the time, a visit to the developer's completed projects will give a person a good idea of what the developer can do.

Real estate developer Eugene Bernshtam is also into car collection and restoration. He is among the Illinois Secretary of State's licensed auto dealers and currently holds membership in both the Ferrari Club of America (FCA) and the Lamborghini Club of America. More on Eugene’s work and interests here.