I didn't say that they weren't profitable ... 'cause they are, but the skill level is not as demanding as actually constructing some group accommodation on a site.
OK, that said, what have I got to say about helping you do a land development subdivision?
First of all it follows the same process and procedures as set out in my ebook, it's just that you engage different consultants for a land development.
But getting back to basics, just like producing any product for market, you must carry out some land development market research.
You must know the size housing blocks that are in demand and selling in your market sector.
Market Research. The good news is that there are many things you can start doing 'right now.'
In my ebook I get you started immediately on your own 'Market Research' only in this case your target market is land development.
I tell you to turn this activity into a pleasurably experience ... but one that is carried out regularly and with a system behind it.
For example as you are going to subdivide some land in a specific location, I want you to visit every land development subdivision, not just when it is finished ... I want you to see them at several stages during of construction.
These development show you the best the current market has to offer. Now your job has several facets to it, one of which is to not only assess the current opposition's product, but to come up with ideas that will improve your design.
It is no use just repeating what is already being offered in the market. "Me To's" are not good enough ... this is where you add you're own brand of personal magic, that reflects your personality.
For instance, you might decide to create a special permanent street entrance to the subdivision.
It might have special 'cobble' road surface at the entrance to the estate. You might build a curved natural stone wall on both sides of the entrance, all topped of with your land development Name.
You only 'form' these ideas by KNOWING your opposition's product backwards. By feeding your mind on this stuff, your subconscious takes over, and you start creating.
So you see this is just one aspect of the work you will do ... but I'll just teach you to do it in a structured and more disciplined way.
A land development lot yield per acre will be determined from this work ... so get it right.
Next, the shape of the land you want to buy for your land development is important.
Remember somewhere else I talked about Development Applications ... well embraced in that whole land development package are rules about setback requirements from boundaries.
That is boundaries from the entire perimeter of the whole land development site. It also includes setbacks from each home, that is built on a lot ... 'x' feet from the front, side and rear boundaries.
In addition your land development will have a requirement for internal subdivision road-width.
So if you think about all that and you are considering buying, what we sometimes refer to in land development as, a hatchet block ... that is a long handle of land leading from a main road frontage, that opens up into a rectangular shape black of land at the rear.
Well, staying with the hatchet analogy for a bit longer:
So you see, once again, even though land development subdivision is the easiest of the styles of developments you can undertake, there is still the 'right way to do it, as well as the other way.
Design Consultants Who are they ... what do they do for you ... and when to use them?
All these topics are covered, which puts you far ahead. Remember your are really 'in training' to be a Development Manager for your own Self Managed Project.
So that means you are training to manage land development resources, both physical, human and financial to achieve your goals.
Remember you don't have to be the expert in everything, but you have to be a manager of experts. And that is why you need to know how to use these guys.
In land development you don't need an architect. In different parts of the world traditions have grown up.
In Australia, the main designer is the Land Surveyor. In the USA, it's an Engineer. In other countries you can ask either of these professions as to who does a land development Plan of Subdivision and you'll be right.
Let me talk about the Land Surveyor for a moment ... these professionals, not only establishe the exact and precise boundaries of your proposed land development, they have the professional skills to provide you with a Plan of Subdivision in the correct format for acceptance by the Local Authority in your land Development Application.
It will also be in the correct format for acceptance by the Titles Office. Remember you are buying one Title Deed and then creating many parcels of land ... each has its own Title.
The Land Surveyor can also help you a great deal with construction costs. They are calling tenders all the time and are on the ball with costs.
Your next land development consultant is the engineer. In Australia we refer to them as Civil Engineers, and they design the road and kerb for the subdivision.
You'll also need the services of an electrical engineer for power reticulation and an Hydraulic Engineer for the water and sewerage reticulation of you land development subdivision.
Land Acquisition. Like everything in life, there is a correct way to do this and there is the other way.
I show you the right way as well as a step-by-step method of negotiating a purchase yourself, if you elect not to use an agent.
Handy stuff, even if you don't ever use it, because you can use this knowledge to help you assess the agent who represents you.
Development Applications. (DA for short)
What are they? ... why do I have to get one? ... do they cost me anything? ... who do I need to get me one? etc. etc.
Most cities, towns, shires have a Town Plan. And where they have them, the people elected to representative positions have, over a period of time, determined how they (the community) want their town to look ... the environmental feel of the place.
So now you come along and buy a large parcel of land for land development, in an area zoned for individual residential homes and is surrounded with beautiful old homes.
As far as you are concerned the land is zoned residential and you could fit "x" number of modern, well-designed townhouses on it; say 300.
Now your land development would increase the 'density' of housing in the location and might even be considered to alter the 'social amenity' of the area.
Well, to be able to create those "300" townhouse lots you need to get permission for your land development and that's what a DA is all about.
I will take you through a full explanation of all the terms we use plus
At the end I actually go through a 'step-by-step' residential real estate development project as though I was doing it myself.
If you have never applied for development finance before, I not only tell you how ... I also include a template of an application that you can use ... you can make alterations to it to reflect your own project.
Like everything you do in your 'other life' ... there is a right way and the 'other way.'
If you do things the right way, you are treated better ... get a better result ... get it quicker and leave a very good impression behind you, which helps a lot with your next development.
It would help you now to get a further appreciation of the ebook contents if click on the following Link.
It will take you to a list of the Topic Headings that show you the range of subjects I cover.
Don't be daunted, I write in non-tech language and give my explanations in every day language.
Please Click The Following Link