Project developer (Projectontwikkelaar)
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A project developer specializes in project development. In short, we can describe the work of a project developer as investing in real estate projects to realize certain buildings. A project developer can be regarded as a project leader, who arranges all kinds of architectural matters from the beginning to the end, so that the desired results are achieved. As a project developer, you maintain regular contact with investors, municipalities, architects and contractors. A project developer must be able to make a realistic assessment of his plans by carrying out a feasibility study. Within the feasibility study, all expected costs are listed against a possible yield. The profession of project developer can be regarded as a risky profession, because project development will rarely proceed as it was conceived. A project developer will regularly have to deal with setbacks, because not all risks can be estimated in advance. In addition, construction costs and other costs can quickly increase if there is additional work or unforeseen costs. Budgeting for additional work and unforeseen costs is generally difficult and has a direct impact on the final return. On the other hand, it is true that project development can yield a lot of money if the development can be successfully completed. As a project developer, it is important that you are aware of laws and regulations, because a project developer has a lot to do with zoning plans, advocates and municipalities. Most project developers spend at least a few years working on development projects, because obtaining building permits is not easy. In addition, a potential financier will only provide a loan if the project developer can submit a building permit. Another name for project developer is real estate developer.
A project developer must therefore be regarded as a project leader, who usually works as an entrepreneur. In addition, a project developer can in most cases be regarded as the direct or indirect investor of projects. If a project developer works for the government, the name urban planner applies. The profession of project developer can in all cases be regarded as a risky profession, because there are usually major interests at stake. Project development generally costs a lot of money, because in most cases a project developer does not only have to deal with new construction costs. Consider, for example, the execution of a planning study, archaeological research, architect costs, permits and interest charges. In addition, there is always a chance that a development will ultimately not be able to take place, for example because the municipality does not like it, or because people object to the development. Sometimes it can also happen that a municipality wants to build less massively, so that the development is not profitable. A project developer may also have to deal with zoning plans, which must be adjusted in order to be able to realize a building. Adjusting a zoning plan is usually not very easy and can take a longer period of time.
HOW DOES A PROJECT DEVELOPER WORK
A project developer usually works together with several participants, in order to be able to put enough money into a project. By bringing together several participants, the project developer can deal with several projects at the same time. In general, projects take years to complete. This is also due to complicated rules and the many consultations that have to take place with various parties. Nowadays it also happens that a project developer only settles with the owner of the land when the project is completed. In this way, a project developer does not have to purchase the land first. This generally means a lower yield for the project developer, because the current owner of the land has to wait longer for his money and asks for a fee for this. Not every project developer is active in all areas of real estate. For example, a project developer can choose to develop only homes or only offices. Developing homes or other types of real estate is a challenge, because a project developer has to take many things into account, such as municipalities, province, neighbors and landowners. Many parties have a certain interest if something is going to be built. This may involve, for example, planning damage or spatial planning from the municipality. In most cases, extensive procedures will have to be completed before the contractor can actually build. In order to eventually be able to build, a project must also be financially feasible.
CAN ANYONE BECOME A PROJECT DEVELOPER
In principle, anyone can become a project developer. The profession of project developer has no further professional protection. An important addition to this is that project development requires experience and knowledge. This knowledge does not only relate to architecture. The knowledge of a project developer must be seen much more broadly. Think, for example, of financial knowledge, legal knowledge and the ability to network. Networking as a project developer is perhaps one of the most important competencies, because it is important to know the right people. This is important, because project development is not only about finances but also about business relationships in order to get certain things done. The experience as a project developer relates to being able to estimate risks, lead times and making budgets. A risk that a project developer has to deal with is, for example, soil pollution. In addition, it is important that a project developer knows the market. In general, a project developer will work a lot with different brokers or business brokers.
WHAT DOES A PROJECT DEVELOPER DO:
TRAINING TO BECOME A PROJECT DEVELOPER
In order to be able to work as a project developer, it is best to follow the Hbo course real estate and brokerage, and then the training area and real estate development can be done. This heavy training prepares you in the field of redevelopment and everything that comes with it, such as spatial, financial-economic, architectural, planning and the legal and fiscal elements. During the programme, you usually work four days a week and follow the theory at school for one day a week. In order to be able to follow the training, it is important to have at least two years of work experience. Accounting is also important as an entrepreneur.
COMPANIES WHERE A PROJECT DEVELOPER CAN BE EMPLOYED
A project developer will in most cases work as an entrepreneur. In addition, a project developer can work for companies and governments. Think, for example, of municipalities, real estate developers, contractors and housing cooperatives. In that case, other names usually apply. The classic project developer will in most cases work as an independent entrepreneur. It is conceivable that a project developer can be regarded as a consultant.
COMPETENCES PROJECT DEVELOPER
The most important competence of a project developer is the ability to network, because a project developer depends on different parties to be able to realize construction works. Think, for example, of meeting aldermen regularly for consultations. Lobbying in a good way is also important, because a project developer usually has to obtain several permits before the construction work can start. Another important competence is being able to negotiate. A project developer must be able to buy and sell at the right price, because otherwise there is no profit. Communication is also a competence that should not be underestimated. Consider, for example, the performance of plans to council members, who have doubts about a project. Generally important words are passion, energy, courage, insight, perseverance, cooperation, knowledge, sense of responsibility, motivating, inspiring and stress resistance.
LABOUR MARKET PERSPECTIVE AND CAREER OPPORTUNITIES AS A PROJECT DEVELOPER
The labour market perspective of a project developer cannot simply be indicated, because most project developers work as entrepreneurs. An entrepreneur will have to determine his own labour market perspective by successfully winning assignments. The career opportunities of a project developer must be seen in the development of the larger construction projects. In addition, a project developer may work as a real estate manager or as a location scout.
TERMS OF EMPLOYMENT AND SALARY PROJECT DEVELOPER
As a project developer, your salaried salary is highly dependent on your precise responsibilities. Usually companies pay a lot better than governments, but companies usually expect much more from you as a project developer. A project developer earns between 3500 and 5500 euros gross per month, depending on the education and age. The salary can vary greatly per type of company. As an independent entrepreneur, the earnings can be many times higher, but the risks are also a lot higher.
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