The thing about property is that it’s almost always a good investment, and is something that is never going to fall out of fashion. Everyone is always going to want to buy houses, and so a job that’s involved in property in some way is a pretty smart choice for a career path. Here are a few different career paths you could take if you have a love of property.
Flipping houses means buying run down and inexpensive properties, doing them up and selling for a profit. It can be incredibly lucrative and really can make you some big money. However, there is a snag; you need money upfront for the purchase and renovations. Perhaps you’ve been fortunate and gifted enough money from family to make your first purchase, had a big win or received inheritance money. If so, this could be enough for you to start your first project. When you’re flipping houses, you do need to have a fairly good knowledge of the property market. Things like ceiling prices and valuations just to start, that way you know the best way to renovate each project based on what buyers in that area or price range want. It’s certainly not impossible for a newbie to make money doing this, but they can get bogged down with certain details- they’re more concerned finishing a home in the way THEY would like it rather than solely having profit in mind. Do plenty of research to ensure you’re not making common mistakes, and hire a professional to walk you through your first project if you need the extra advice. If you’re going to be regularly flipping houses, you also need a reliable construction team for everything from electrics to plumbing, plastering, decorating and landscaping. Having good contacts and people you know will do an excellent job at a fair price will prevent overspending and maximize your profit margins.
Another way you can make money by owning property is instead of selling on, renting instead. Privately rented houses are in short supply just about everywhere, meaning they’re in high demand by tenants. This means you get to pick and choose and get in exactly the right kind of tenants. If you don’t want smokers, students or pets for example you can simply exclude these tenants. If you live close to a college or university, you can often maximize your profits by renting out each room individually. This will gain you far more than renting as a whole, although there are other issues you need to consider when renting to students. You could perhaps request a guarantor if you’re worried about the property getting ruined. Being a property landlord you get a steady stream of money coming in each month. Eventually, the houses will pay for themselves. Then one they’re paid, you could continue renting or sell them on for a profit, so it’s win-win.
Real Estate Agent
Not everyone has hundreds of thousands sat in the bank to invest in property. However, that doesn’t mean you can’t still make a career from it. Real estate agents get plenty of job satisfaction helping people find their dream home, and if you’re interested in property learning the ins and out of valuations and property pricing trends will be right up your street- pun intended! Plus as you’re working with people, every day is different. One reason people can be put off real estate careers is it can take time for commission from jobs to come through, however with companies like Nationwide Commission Advance you can get paid quickly without the waiting around. Because your wage isn’t limited to an hourly rate, there are fantastic opportunities to earn big, and you can work a flexible schedule too. Ideal if you have family and other commitments to work around.
Are you interested in law, or the legal side of property? A conveyancer or conveyancing attorney works to ensure all of the legal aspects of things are met during the buying and selling of property. This involves things like deed and title transfer and settlement processes. Conveyancers also liaise with mortgage providers and will help with all of the legal documents needed throughout the process. This career path is best suited to those with an eye for detail and an interest in the law. Due to the legal knowledge, skills and expertise needed good grades and a law qualification will be needed. However, the exact route depends on the country that you live, but training in law as well as a conveyancing course is needed. Buying and selling property is complex and stressful, as a conveyancer you help to make people’s lives easier and help them through this tricky time.
If you have an interest in property but more at the building level, why not consider a career in construction? There are a wide range of job roles you could consider, from building to electrics to plumbing, carpentry, decorating, roofing, window fitting and so much more. You could start at the bottom as an apprentice and work your way up, or you could go to college or university to study your trade and then apply for work. These kinds of careers suit people who are very hands-on, active and prefer manual roles. If you like sitting in a cozy office all day, then it certainly won’t be for you!
If you want to be involved in property but from more of an outside perspective, why not consider a career in town planning? People in this role work to solve problems with traffic, work on urban regeneration, review sites to ensure they are right for projects that are lined up and so much more. You need to have excellent negotiation skills, be well organized, efficient in report writing and be able to manage your time well. If you are interested in this kind of role, you will need to qualify with a degree or a postgraduate qualification accredited by the Royal Town Planning Institute. This includes things like town planning, environment and development, urban design, sustainability, planning and environmental policy. You can make a genuine difference in this kind of role, whether you’re a young person thinking about their future career or considering a career change, it’s an excellent choice. It might not be directly linked with property but of course, knowledge and understanding of the property market and more is essential in the role.
Becoming a homelessness advisor allows you to work with a diverse range of people. You will work with ex-offenders, those with mental health issues, addictions, victims of abuse. It’s incredibly rewarding and the type of job where you can go home at the end of each day knowing you’ve made a genuine difference to the lives of others. You get to help those who have been made homeless find accommodation, as well as assess those at risk to prevent people being made homeless in the first place. You get to help vulnerable people put a roof over their head, giving them a brighter future. You will be working with local governments and councils, a background in psychology, social care, criminology will be useful, although you don’t always need formal qualifications as you’re likely to need to go on special courses before starting the job.
Are you interested in working in property? Which of these careers most appeals to you?