Nigeria’s real estate industry is vast, encompassing multiple sub-segments and niches. It’s also growing, thanks partly to the high demand for living and commercial spaces. All of this means that there are numerous roles in its sphere waiting to be filled. If you’d like to build a real estate career, you can choose from plenty of unique pathways.
This article runs through seven job types in real estate that you can pursue. Hopefully, you’ll find one from our list that fits your abilities well.
Property managers take care of the property on behalf of its owners. Some landlords cannot oversee the affairs of the houses and office blocks they own. They typically leave this to a manager that they’ve hired. Such managers will maintain their employer’s building, engage tenants, and ensure that the property remains in good shape. You can learn more about this in our article, How to Find a Trustworthy Property Manager for Your Property.
Real Estate Investor
Investors are a vital part of the real estate ecosystem. They buy land or property and try to make a profit from either renting them out or reselling them. A good portion of the funding that oils the wheels of this industry comes from investors. But if you’re going to be a successful investor, you’ll need to understand how real estate works. One part of this would be having a decent grasp of your local property market. There’s more in our article, How to Invest In Real Estate.
Real Estate Lawyer
Real estate lawyers take care of the legal aspects of real estate transactions. They represent landlords, investors, tenants, and property developers and play an essential role in the acquisition and sale of the property.
They also review necessary paperwork for real estate transactions. To become a lawyer in this industry, you must obtain relevant educational qualifications and professional certification.
Before a property owner sells their building, they’ll try to determine its current market value. This is the job of a real estate appraiser. Landlords hire appraisers to give an unbiased estimate of their property’s worth. As such, anyone who works in this capacity must have a thorough knowledge of the various factors that determine a building’s value—its location, physical condition, and cost of a similar property. There are some tips for determining the value of your property in this article: How Stuff Works: Valuing Real Estate.
Real Estate Developer
Developers purchase land and construct a property on it, overseeing the entire process from land acquisition to building completion. They work with professionals, including lawyers, construction teams, engineers, and architects, to ensure their building project succeeds. After they complete their building, they either collect rent from its tenants or sell it to willing buyers. You do not need any formal qualification to become a developer. But you must know how property design, project financing, and the broader real estate market work.
Real Estate Agent
A real estate agent connects buyers and sellers of real estate. They also facilitate negotiations regarding rent with tenants and (or on behalf of) landlords. They are paid a commission for every successful transaction.
If you’d like to become a real estate agent, you could either choose to be involved in the market for residential property or be an agent that deals in commercial property. In our article, 5 Things Successful Real Estate Agents Do to Win, there are tips for becoming a top performer in this career.
A real estate marketer’s job comes down to making their employer’s real estate brand more widely known and attractive to potential clients. They manage social media pages, craft content, create and execute marketing campaigns, and design printed marketing material, among other duties. Ideally, marketers do not directly interact with their employer’s clients. They are responsible for managing the public image of real estate brands.
As Nigeria’s real estate industry expands, new roles continue to open up for persons who are skilled enough to fill them. If you’re looking to build a career in this industry, you can weigh the options we’ve presented here and choose one that fits your temperament, talent, and competencies.
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