Real Estate Development

Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction, although many developers also manage the construction process.

Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control, and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate—and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it.

Sometimes property developers will only undertake part of the process. For example, some developers source a property and get the plans and permits approved before selling the property with the plans and permits to a builder at a premium price. Alternatively, a developer that is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately.

Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, etc. In the Town and Country Planning context in the United Kingdom, 'development' is defined in the Town and Country Planning Act 1990 s55.

* Description and images provided by Wikipedia under CC-BY-SA 3.0 license .

Scholarships for Real Estate Development Majors

Bullet name award deadline Link
 

AIA San Diego Scholarship

NewSchool of Architecture and Design

Up to $20,000 Varies See Details
 

AIA San Diego Scholarship

NewSchool of Architecture and Design

award

Up to $20,000

deadline

Varies
See Details
 

Architecture Portfolio Award - Tulane University

Tulane University

Up to $10,000 Varies See Details
 

Architecture Portfolio Award - Tulane University

Tulane University

award

Up to $10,000

deadline

Varies
See Details
 

ACI Foundation Fellowship Program

American Concrete Institute (ACI)

Up to $15,000 Varies See Details
 

ACI Foundation Fellowship Program

American Concrete Institute (ACI)

award

Up to $15,000

deadline

Varies
See Details
 

Justice, Equity, Diversity and Inclusion (JEDI) Scholarship Program

Smith Group

$6,000 November 30, 2024 See Details
 

Justice, Equity, Diversity and Inclusion (JEDI) Scholarship Program

Smith Group

award

$6,000

deadline

November 30, 2024
See Details
 

APA Foundation Diversity Scholarship

American Planning Association

$5,000 May 31, 2024 See Details
 

APA Foundation Diversity Scholarship

American Planning Association

award

$5,000

deadline

May 31, 2024
See Details
 

Angi's $2,500 Trade Up Scholarship

Angi, Inc.

$2,500 August 23, 2024 See Details
 

Angi's $2,500 Trade Up Scholarship

Angi, Inc.

award

$2,500

deadline

August 23, 2024
See Details
 

School of Architecture Scholarship - FAU

Florida Atlantic University, School of Architecture

Up to $1,000 Varies See Details
 

School of Architecture Scholarship - FAU

Florida Atlantic University, School of Architecture

award

Up to $1,000

deadline

Varies
See Details
 

F. Louis and May Jean Wolff Scholarship

Florida Atlantic University, School of Architecture

$1,000 Varies See Details
 

F. Louis and May Jean Wolff Scholarship

Florida Atlantic University, School of Architecture

award

$1,000

deadline

Varies
See Details
 

WMMIAEC Educational Grant

West Michigan Minorities In Architecture and Engineering Consortium

$1,000 August 01, 2024 See Details
 

WMMIAEC Educational Grant

West Michigan Minorities In Architecture and Engineering Consortium

award

$1,000

deadline

August 01, 2024
See Details
 

National AAAEA Scholarship

National Arab American Association of Engineers and Architects

$1,000 October 15, 2024 See Details
 

National AAAEA Scholarship

National Arab American Association of Engineers and Architects

award

$1,000

deadline

October 15, 2024
See Details