A successful commercial real estate developer who supervises projects in the greater Boston area, Michael Snedeker serves as the executive vice president of Elite Building Corp. Based in Waltham, Massachusetts, Michael Snedeker is skilled at identifying, negotiating, and launching new developments.
If you’re a new commercial developer, you may find that achieving your first success in the field is challenging. However, a few tips from development experts may help point you in the right direction.
Begin by finding an accomplished real estate broker who is willing to help you learn about the local market. After you find a property, retain the services of an attorney and a certified public accountant to help you navigate the legal process of development.
In addition to a trusted team of professionals, you will need to seek financing to purchase and develop the property. Next, find a reliable architect, engineer, and builder to help you make initial plans for the property.
After you submit the plans to municipal zoning and environmental departments, the next step is finalizing contracts with the builder and any subcontractors. As you continue to supervise the construction, be prepared to handle unexpected delays and budget issues.