Land Developer Job Description
Land developers purchase large parcels of undeveloped or neglected land for profitable improvement. Based on information provided by the Economic Research Institute, the annual salary range in 2010 for land developers in the United States was between $92,276 and $101,013.
-
Job Duties
-
After purchasing land, the land developer makes it profitable by building houses, apartment complexes, shopping centers, business parks or manufacturing or production facilities on it and selling or leasing them to others.
Skills
-
To succeed at this job, land developers need knowledge of demographic and economic trends. Good negotiating skills result in achieving maximum return on investments.
Resources
-
To purchase land at the best price, a land developer needs ties to financial resources that can quickly provide cash for down payments. Having solid relationships with reputable architects and contractors keeps projects on schedule.
Experience
-
Successful experience as a real estate salesperson, broker or leasing agent is desirable. Previous positions that required excellent communication and bargaining skills are helpful.
Advancement
-
Income potential for this job is limitless. If a land developer makes wise purchases and astutely reinvests his profits, he can make millions of dollars during his career.
Job Outlook
-
The growth and stability of this position depends largely upon prevailing economic conditions and the geographic area in which the developer purchases land.
-
Related Searches
References
- Photo Credit weites Land image by Angelika Bentin from Fotolia.com
