What should be included in a Land Development Checklist?

Eric Kieley Photography LAND DEVELOPMENT CHECKLIST This checklist outlines the typical process developers should go through, from looking at a property prior to purchase to evaluating the site potential, obtaining development approvals, and preparing finished lots for sale to builders.

What are the steps in the land development process?

Land development today involves a rigorous, comprehensive set of evaluations and approvals involving multiple parties in both the private and public sectors. This resource will help both developers and public officials better understand the many steps in the land development process, the

Can a developer take over a Hoa community?

In a nascent HOA community, a new homeowner has the option to sit back and permit the developer to govern the community until all the lots or units in the development are sold. However, this can be risky and may cost owners money/time in the long run if there are any complications in the completion of the work.

What should a landowner know about subdividing land?

Subdividing Land: Tips for Landowners from a Developer (Part 1 – Evaluate) Evaluate the risks and rewards of subdividing land into lots. A developer and real estate lawyer provides landowners insight into the subdivision process. Evaluate the risks and rewards of subdividing land into lots.

Can a builder purchase a lot from a developer?

Typically, the developer will have this responsibility, but in some cases, a builder who is purchasing a large portion of a project may purchase the common area that is adjacent to the lots being acquired.

What do investors need to know about land development?

The one aspect investors should care the most about is the loan-to-cost ratio (LTC). In essence, the LTC is the amount of money the lender will provide for the project, which will generally depend on the type of construction and use of the property.

What’s the attraction of the land development process?

The attraction to the land development process is easy to see: this undeveloped asset not only costs less to purchase than a developed lot, but also is generally less expensive to own over time. There is more to like, however: it offers appreciation potential whether or not the vacant area is improved upon.

What are the steps in the property development process?

Most successful property developers follow a process with several common steps, from pre-purchase and concept stage all the way through to completion. Though the order of these steps may vary between developers, the process of developing property is typically broken up into the following elements: 1 1. Start with your why