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A real estate developer builds on land, thereby increasing its value.
The developer may be an individual, but is often a partnership or a corporation.
Developers are extremely concerned with providing useful buildings and
structures. Useless buildings have no value, which means they can't be sold or rented. However, the building can only sell if
it's in the right location, has utilities, construction costs can be
managed, and the project completes on time. The standard solution to the construction problems is to retain a registered
professional engineer who specializes in supervision of construction, and involve this person before purchasing the land. The
standard solution to the salability problems is to retain an architect to design
an attractive development. Many developers retain ownership of profitable rental properties.
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