Welcome to LDR
If you want to dig into the realities of land development, you’ve come to the right place.
If you want to dig into the realities of land development, you’ve come to the right place.
This is the place to read all of my posts about land development.
Here are four main types of land development. These types are defined by the development regulations that apply to the land. Let’s look at why understanding the “types” of land development really does matter.
Getting started in land development. We all have to get started in land development somewhere. This might be a good place.
I wasn’t raised a country boy but when it comes to land development that’s where my heart is. The bulk of my land development career has been creating 5+ acre residential lots in the rural transition zone (RTZ).
There are thousands of steps involved in bringing a land development project to completion. Land development is like traveling an unfamiliar hiking trail; you never know what might be around the next corner. At the same time, if properly prepared and equipped for the journey it can be safely and successfully completed. I have 5 steps that I use as waypoints to navigate through a land development project. In no way are they the only ones, but they do seem to be universal and therefore worth taking a closer look at.
What are accessory dwelling units and why should a pure land developer really care when he doesn’t build homes? There’s a good reason!
It is clear that any land development project is going nowhere without a domestic water source.
As external factors assert themselves, they can produce positive or negative impacts. When they become extreme enough, we have volatile conditions.
Our scenario assumes that you own the land outright, no debt and no liens on the land.
Short Subdivisions, commonly known as Short Plats, have historically been a simpler and more expedited way of subdividing land compared to traditional long plats.
In order to take a parcel of raw land to it’s highest and best use an investor needs to consider the key valuation principals involved.
If you are wondering if land development is for you, take a close read and assess yourself.
One of the key considerations in land development is the topographic condition of the land. The specific area we’ll look at today is land surface elevations and contours to gain understanding about the shape and form of a parcel.
Evaluating the suitability of land for the intended purpose can be broken down into two main areas.
Let’s look at how to directly identify and prospect land without the use of local MLS listings.
.Land development is hard and unforgiving of mistakes. One place to be especially organized and focused is during real property inspections. I use an inspection checklist to keep me on-track and prevent oversights.
My land development sweet spot has been in 5-acre residential lots in rural areas
Awareness of protected species is an essential component in the acquisition and ownership of real property. Sometimes even with proper advance knowledge and solid planning the unexpected can occur. That’s what happened to me when a pair of bald eagles decided to move into my unfinished project.
I believe that no single step in the pre-closing inspection and feasibility study of real property is more important than environmental inspections.
It is possible to close on real property and waive an inspection. I have never done it and I think it is reckless to do so under almost every condition. A waived inspection can create unnecessary risk and potential problems at three broad levels.
Sometimes there is opportunity in land development to go beyond subdividing and take advantage of other related opportunities to generate revenue. In this case a private Water System.
Land development as a very risky proposition in my opinion. There are a hundred reasons why, but I would narrow it down a bit by pointing out that the costs are pretty much all front-loaded and there is no guarantee of a return. However, there are positive ways to work with these stark Land Development Realities
The terms real estate and real property are used interchangeably all the time, but they are not the same thing. So now is a good time to take a look at what real property means and especially the importance of the legal rights and restrictions associated with it. Smart investors need to be mindful.
Everyone knows that the transfer of real property to estate heirs can be accomplished in a will. What is frequently overlooked is that it may be possible to subdivide land through a will and then distribute it to heirs as incremental parcels created from the original ownership.
This successful subdivision of a single 20 acre parcel into four 5 acre parcels occurred in a rural county that allowed a method of land segregation for a qualifying property and individual, lawfully avoiding the short or long plat process.
Within this blog, I will go into details about each of the following ways that I have used to get the maximum dollar out of a piece of land without doing a traditional short or long plat subdivision.
