Usually with a background in construction, business, banking or real estate - and sometimes a combination of some or all of these fields, land developers have sharply developed eyes for knowing the ideal tract of land for both commercial and residential locations. Once they've located their areas, they must work with city and county governments regarding licensing, water and gas lines, land clearances, drainage and other details regarding the effects on the community. Once they've cleared these obstacles, they then must take bids and ensure the winning bidder has proper licensing, insurance and equipment to fulfill the contract. The developers ensure there are no endangered species that are jeopardized during the development phases as well as trees and other foliage that mustn't be disturbed.
Once construction has begun, the developer then must ensure the structures are up to fire codes and other regulations. There are often many setbacks; some minor and some that require extensive and expensive alterations. This is why it's imperative the details are handled prior to undertaking some of the larger projects. These setbacks can annihilate his budget and can often cost money that would've otherwise been considered profit. When these problems arise, investors and government officials look to the developer and not the subcontractors.
Every aspect must have been approved by the developer. This is why it's so important for the right business or construction background. It requires a major commitment and the decisions made by the real estate land developer can affect employment in an area and can sometimes add several hundred construction job opportunities to a local economy. Subcontractors that are brought on board bring with them electrician jobs, engineering jobs and many more. Clearly, it's a huge responsibility for a developer to shoulder.
Realistically speaking, the job market for land developers is solid. The need for developers in communities will always be important. Those who have access to the funds required to begin projects know they've just met the first requirement. Developers are self-employed and rely on their own resources and talents to find their work and most are able to turn a profit after the first project. From there, they are able to invest in more projects, and so the cycle begins and continues. The need for personnel who can maintain accurate books and who are knowledgeable on tax law and codes is imperative. There will always be stories of developers who had everything but a bookkeeper or accountant to keep accurate records. Often, it's this shortage that can bring an otherwise successful venture to its knees.
Successful developers often enroll in continuing education courses to remain current in new tax laws, banking laws and other important courses that ensure they're in compliance.
