Assemble a team to execute the plan.
Developers handle the project from start to finish: They plan, design, and finance the venture, as well as assemble a team to execute the plan. Once the project is completed, the developer usually sells the property to a real estate investor.
If the project is individual houses, a real estate developer could sell directly to the consumer. While property development can be a particularly lucrative area of the real estate industry, developers face numerous risks and challenges that can derail projects—and profits.