BNP2004

The developer is a company that facilitates the creation of residential and commercial property for commercial sales as its object. “Normal” contractor, can act as general contractor, built on property already owned by the client.

Developers built and financed with private money, with personal risk. After selling one unit to receive discounts on services already provided by the buyer (the purchase of land, creation of shell, etc.) in accordance with the strict conditions imposed by legislators and the Regulation of brokers and property developers. Here lies the major difference to builders, which provides construction services in a foreign land, and receive payment from customers, which is oriented to the construction phase.

The construction process is usually done through the purchase and development of land. As part of the development all works will be commissioned by the architects planning and regulatory approvals to construction.The residential units are sold fully developed. The profit of the builder is derived from the difference in total costs for the creation of living space and the sale prices achieved.