The UK housing market remains strong, with a persistent demand for new homes. Coupled with the new government's target is to build 1.5 million new homes in England over the next five years. This would average out to around 300,000 new homes per year. Indicating a healthy market for developers whilst providing a solid foundation for a career in development and house building.
By leveraging your existing skills and knowledge, building surveyors, PQS and Construction Project Managers can successfully transition their skills into the exciting and rewarding world of development. If you're seeking a career that offers greater responsibility, higher earning potential, and the satisfaction of seeing projects through from inception to completion, then a move into development and house building could be the perfect next step.
Why Consider a Career in Development?
- Increased Earning Potential: Development and house building roles often offer significantly higher salaries and bonus structures compared to traditional surveying or project management positions. As you progress in your career, you can expect even greater financial rewards.
- Strategic Thinking and Decision-Making: In development, you'll be involved in high-level decision-making, shaping the future of projects and influencing the built environment. Your strategic thinking and problem-solving skills will be invaluable in this role.
- Greater Project Ownership: Unlike traditional project management, development roles allow you to take ownership of projects from the initial concept stage to handover. This provides a sense of accomplishment and the opportunity to see the tangible results of your work.
- Diverse Skill Set: A career in development requires a diverse skill set, including financial analysis, legal knowledge, negotiation skills, and relationship building. This can lead to significant personal and professional growth.
How to Transition into Development and House Building
There are several effective routes to transition into development:
- Gain Relevant Experience:
- Project Management: Seek opportunities to take on more responsibility within your current role, such as managing larger projects or leading teams.
- Financial Analysis: Develop your financial skills by taking courses or seeking opportunities to analyse development appraisals and financial models.
- Legal Knowledge: Familiarise yourself with property law, planning regulations, and building contracts.
- Network and Build Relationships:
- Attend industry events, conferences, and networking groups to connect with professionals in the development sector.
- Build strong relationships with developers, land owners, and other key players in the industry.
- Consider Further Education:
- Master's Degree: A master's degree in real estate, urban planning, or a related field can enhance your qualifications and open up new opportunities.
- Professional Qualifications: Consider obtaining professional qualifications such as MRICS, MAPM or MCIOB, which can demonstrate your expertise and credibility.
Why not check out some of our roles or talk with us to help explore ways you can transition into a career within development.