The Role & Expectations
The work is finding opportunities, arranging finance, managing builders and renovations or builds, dealing with planning and legal matters, then selling or letting the finished property. A head for numbers, project management, negotiation and nerve matter, since you coordinate many people and large sums, and decisions can make or lose serious money.
This is usually a self-employed or investment activity rather than a salaried job, with no regular wage and income that comes in lumps when a project sells - and real risk if costs rise, sales fall through or the market drops. It can be stressful and demands access to significant money or backing.
There are no formal qualifications, but experience in property, construction, finance or estate agency helps enormously, as does a network of trades, lenders and agents. Many start small, learn by doing, and must follow planning, building and tax rules carefully.
Daily Responsibilities
- Find and assess property opportunities
- Arrange finance and budgets
- Manage renovations or builds
- Deal with planning and legal matters
- Coordinate builders and tradespeople
- Sell or let finished properties
- Track costs, risks and profit