What is the objective of a real estate developer?

The primary objective of a real estate developer is to make money.

The role of a real estate developer is multifaceted. Developers must be able to scout out and recognize parcels that could be developed into improved, income producing property. That can take the form of building single family dwellings, condominium projects, commercial properties that can generate ongoing income for the owners, recreational projects such as Golf courses and vacation destinations, malls, urban renewal, development of historic sites, etc. The developer may or may not provide long term management of commercial projects. Real estate development can be done on a small or large scale basis.

A real estate developer must not only be skilled at recognizing potential but also at securing the necessary financing, completing the necessary permit processes, and working within the confines of local, state and Federal Laws. The developer must establish a good relationship with an attorney with experience in all the aspects of real estate development.