If you want to dig into the realities of land development, you’ve come to the right place.
Lot yield is the holy grail for most developers. When more lots can be produced and costs are amortized over a greater number of lots, the result is usually increased profits - at least that’s what a lot of guys think.
Rural land buyers are not that much different than any real estate buyer regarding the steps in the process of making a buying decision, but they do look for different things than a person buying an existing home on a traditional lot.
Let’s say you have come to the end of the long, dusty trail of a land development project and now it’s time to market and sell your finished lots. First of all, congratulations!
There may be investment opportunity when land is held in a “current use” tax designation.
A look at several strategies for buying land for investment.
Impact fees are charges paid in land development to finance the expansion of public infrastructure and offset the impact of population growth.
All of us know that real property is taxed, but do we know how property tax is calculated?
A Comparative Market Analysis (CMA) is conducted when a seller is working with a real estate agent to determine a listing price for a property.
Let’s look at some of the common questions that folks newer to land development have.
As external factors assert themselves, they can produce positive or negative impacts. When they become extreme enough, we have volatile conditions.
Land development is speculation. This means the undertaking of risk with no guarantee of a successful outcome.
But when you think about it, almost everything in life has a speculative component…
A TDR is a zoning change that allows for the transfer of development rights from a sending property to a receiving property
Our scenario assumes that you own the land outright, no debt and no liens on the land.
In real estate common sense is sometimes not that common…
In real estate we sometimes run into questions or even disputes about whether an item is personal property or
real property.
A lease is simply a transfer from an owner to a tenant the right to exclusive possession of a property for a specific time period.
There can be faster ways to subdivide land than doing a formal plat.
Short Subdivisions, commonly known as Short Plats, have historically been a simpler and more expedited way of subdividing land compared to traditional long plats.
Having title to real property refers to the right to own land and the evidence of the ownership of it. Title insurance exists to defend the insured owner(s) from defects in the real property title.
Before spending a ton of time in researching a property it helps to have an initial checklist on-hand to make sure the basics are covered.
