Creating your Real Estate Development Team Part 1

Creating your Real Estate Development Team Part 1

Understanding the core team behind a successful property development it crucial to your success in this industry. The next several issues will inform you the reader about who your team is and what you need to understand before you even think about starting to develop property! But before I start, you must also realise that there is a successful method to developing property and a non successful way. The successful way will provide you with the maximum profit and provide you with a winning team that will want to work with you again and again. We shall begin with the key person in your development team. The Architect.

The Architect

First and foremost in your team is the Architect.

Architecture refers not only to the solid matter of buildings, but also to the spaces inside or around them, and to the organisation of the many components within these spaces. Thus, architecture is said to deal with the "built environment" within which people live and work. Architectural practices in Australia range from sole practitioners to firms with more than 500 staff. Architecture does more than comment; buildings define and accommodate attitudes, customs and style. This has made the art of architecture an unending series of sublime surprises.

Architecture is above and beyond politics. Architecture is a profession, which has been practised from times immemorial. Architecture, as a profession, has thrived around the world for centuries and all the magnificent monuments are testimonials.

Architects are rare - maybe one percent of the population - and show the greatest precision in thought and speech of all the types. They tend to see distinctions and inconsistencies instantaneously, and can detect contradictions no matter when or where they were made. Architects are trained to be aware of these special building requirements; for this reason everything you would like to build or develop must be designed, checked and approved by a trained and highly experienced architect. Architects are highly trained experts who specialize in designing new structures, such as homes, buildings, and other edifices. Most people interested in erecting a public space will hire several architects simply because the project is too large to handle alone, but there is also a use for them in the residential district. They are also the key person that will help you be more time efficient and productive. They can do just the design or the both the design and cost management for the development. We recommend both. Referrals and interviews are necessary and you should ask to see previous works similar to your own. A true professional will respect this and be happy to accommodate these requests.

Architects are licensed professionals trained in the art and science of building design who develop the concepts for structures and turn those concepts into images and plans.

Architects are responding, out of necessity, by offering a much wider range of services than ever before, and they have the computer technology to support it. Architects are, after all, in the business of dreaming up new structures. But design is only part of architecture. Architects are required to obtain specialized education and experience to obtain a license to practice architecture, similar to the requirements for other professionals. The requirements for practice vary from country to country. But generally they are very similar.

Architects are hard to find and afford, but you do want to find and retain them. You don’t want to offshore the responsibility of architects, nor do you want a draftsman to do an architects work. Don’t be a miser in this area of your development!

Architects are abstract thinkers with good technical and communication skills, the humility to understand that they don’t know everything, and the confidence to make important decisions when they are needed most. Architects can mentor the people that they work with and be mentored themselves. Architects are also skilled listeners and can help developers discuss and distill ideas into reality.

Architects are the creative souls who produce soaring monuments to human ambition. And they are your key to success!



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