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Architects : articles : Architecture Facts : Real Estate Developers : What Do They Do?

Real Estate Developers : What Do They Do?

Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control and orchestrate the process of development from the beginning to end. Real estate developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards.

Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structure, and lease, manage, and ultimately sell it.

Real estate developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, leasing agents and more.

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