How To Start Your Career In Property Development And Real Estate
If you have an eye on starting a career in property development and real estate then this is a career which could certainly prove to be a fruitful one. Those with a real passion for this industry more often than not find a rewarding career both personally and professionally and if you get the start right then you will be in a great position to find the success which you are looking for. The real estate sector is always one which is buzzing because it forms such a key part of our lives and since the dawn of time there has always been a higher level of demand than supply.
If real estate development is for you, here is how to go about getting started.
Education
Getting the right degree is your first step on the road to becoming a real estate developer and there are 5 main degrees which you see most people in the industry with, they are;
- Civil Engineering
- Architecture
- Finance
- Accounting
- City and Urban Planning
All of these degrees lend themselves perfectly to this industry and they will give you a solid foundation to launch a career in real estate development.
Building Networks
Because there are so many moving parts in real estate development it is essential to begin building networks as early as college level. Looking at creating solid and long lasting relationships with engineering firms, building contractors, local material producers and even people who work within planning is going to be essential throughout your career. It is never too early to start growing your very own network.
Nailing That First Job
Your very first job in the industry should help you to continue your learning and your progression, and this is why making sure that you get the right one is so important. What you should really be looking for here is a position which throws you in right at the deep end and allows you to get hands-on with the work, not one which will gradually introduce you to the world. Look for great companies such as brenexpropertydevelopments.com.auwhich are actively working on projects which you love, those which cover many bases and don’t just center around construction. If you want to ensure that you continue your climb through the ranks, you need a great first position.
Seek a Mentor
Most of those who have found high levels of success in real estate development have been those who have been fortunate enough to have a mentor, and this is something you should be looking out for. One such example of a good mentor is Lincoln Frost, a Sydney, Australia- based property developer with over 20 years of experience in real estate development. The way to do this is to actively ask questions to senior figures, show your energy and how keen you are to learn and then see if someone is able to take you under their wing and guide you through this early process.
Slow Build
If you are looking to become some hot shot real estate guru within 5 years then it is time to make those expectations a little less ambitious. Those who do best in this industry understand the need to build slowly, to gradually amass a wealth of knowledge which enables them to work on a vast array of projects with high levels of success. Mistakes in this industry are almost always dangerous and costly and that is exactly why there is no rush for you to get to the top. Take your time, focus on building knowledge and then look to take your career to the next level.
This is a wonderful industry to work in, be sure to focus your energy, always look to learn and be patient in your ascension.