Land & Farm Investing by Craig Grella | October 9, 2009
Last week I wrote an article describing how to price and develop offers on land purchases. While that information is an important part of the overall development process, it is only a small fraction of the work that needs to go into developing land for residential use. As such, I’d like to explore the residential land development process in a more thorough manner, which will include this article, and several to follow.
With that said, this article will focus on the process of land development, risks and rewards, and a few things you’ll need to get started in the business of Residential Land Development.
Land development is the process of preparing raw land for the construction of improvements.
It can include:
- Demolition of existing improvements
- Clearing and Grading
- Rezoning if required
- Installing utilities, sewers, streets, and sidewalks
- Constructing Improvements like driveways, foundations, and building pads
Although developed land creates no more income than raw land, it is nevertheless brings land one step closer to its ultimate use; a home, apartments, office buildings, hotels, etc.
Real Estate Law by Joshua M. Marks, Esq. | October 29, 2007From the concrete streets of metropolitan cities to the sprawling suburbs in most areas around the country, new construction is present in the form of townhouses, condominiums, single homes and the ever-so-popular “over-55 communities.” While many of these properties are esthetically impressive complete with over-sized family rooms, open kitchen areas, and every upgrade/option imaginable, there [...]
This is Part 2 in the Residential Land Development series showing you how to find, price, and develop land for residential single family property.
Joshua Dorkin
