One puts a focus on sales and the other on design, yet the worlds of real estate and architecture are not so far removed. For architects in search of new career opportunities, the fast-paced real estate business can be a natural and lucrative move. Here’s a look at what architects can bring to the table.
Within the separate industries of real estate and architecture there is some common ground, including knowledge of building features and history. You can read more about what’s involved in becoming a successful real estate agent here. Some pertinent points include that agents are able to use a property’s architectural style and period detailing as selling points, or identify beneficial design features in a new building.
Qualified architects have a broad range of knowledge in their field, which carries over into the real estate industry, with finely honed visual awareness and a strong understanding of various building materials and structures. This attention to detail when it comes to buildings old and new is a requirement for both professions.
An agent with a background in architecture may particularly appeal to clients interested in purchasing fixer-upper properties. Architects have the training needed to inspect and evaluate the bare bones of a property and can make valuable suggestions to clients about everything from plumbing to extensions. They have experience with aesthetic judgments, making them qualified to offer unique suggestions to clients when it comes to building proposals. Many buyers are also interested in sustainable processes, which an architect may have specific knowledge of in terms of energy conservation and recyclable, eco-friendly materials.
As well as appealing to these niche markets, trained architects are well versed in building techniques, which makes them able to manage the paperwork that's part of any transaction. A real estate expert without this background usually needs to call in an outside professional for this knowledge, slowing down the transaction. In a hot market where time is of the essence, this edge provided by a trained architect can make a world of difference to keen clients.
A background in both real estate and architecture can be a significant asset for working with clients and speeding up transactions. Architects have experience working as part of a team, having frequently liaised with designers and construction professionals. When taking the leap into a new career as a real estate expert, focus first on these transferable skills, including communication and organisational abilities. Architects can also use existing business contacts and industry knowledge to get started. At the same time, it’s important to cultivate new clients by chasing up on promising leads, attending open houses and growing your professional network.
There are many reasons why an architect may wish to make the transition into a real estate career, yet it’s possible to reap the best of both worlds. With a real estate license, an architect gains access to valuable home listings as well as diversified groups of potential clients, which can be a win-win situation.