“Residential Development Made Easy”. Website design By BotEap.comProblem 1. Website design By BotEap.comWhat are some factors to consider when purchasing undeveloped land for development?
purposes of the rezoning? Website design By BotEap.comResponse from master builder and developer: Website design By BotEap.comStudy your city plan and see where the council planners want the direction of physical growth to take place. Go and talk to the planners, don’t ask their opinion, you can sue them in a few years, so they won’t give you an opinion. Website design By BotEap.comHowever, they will discuss the Council’s growth plans. Ask about public services such as water, sewage, roads, etc. These are very expensive and they will want growth where existing utilities have the capacity to handle the growth. This way, if you purchase raw land for rezoning, you are working within the “thinking” of the local authority. Website design By BotEap.comBe prepared to hold on to the property for a long time. The first thing to check before buying is to make sure that it is not or may not be part of an endangered species. Website design By BotEap.comThen make sure it has never been part of or owned by a gas station, fuel company, junkyard, or dumped tires. Also get evidence from experts. Make sure the land allows ownership
build on it. Website design By BotEap.comQuestion 2. Website design By BotEap.comWhat methods does the developer use to evaluate potential parcels for development and determine the price to be paid for the land? (Again, suppose we have a basic level of
comprehension) Website design By BotEap.comResponse from master builder and developer: Website design By BotEap.com“The land is only worth what you can do with it.”Problem 3. Website design By BotEap.comWhat general advice would you give to developers just getting started in the market? Website design By BotEap.comResponse from master builder and developer: Website design By BotEap.comLocate a Master Builder to work with. Master builders like me have a vested interest in ensuring your profitability. Website design By BotEap.comWe can answer any questions you have about what to build and how to determine profitability. We enjoy advising and growing our developers. Website design By BotEap.comI also recommend new developers to purchase and study Colm’s eBook, “Residential Development Made Easy”. No other seasoned developer has taken the time to write a how-to book like his, that is, anywhere in the world, making it truly unique. Website design By BotEap.comThe more successful and profitable you are, the more successful and profitable we are. Website design By BotEap.comBe honest with the master builder you choose to work with. Ask for their help. Website design By BotEap.comFor me, because I am licensed, bonded, and insured in all 48 contiguous states, I can help you assemble a Residential Development Team that will provide you with expertise and
support their efforts. Website design By BotEap.comWe can provide development financing (if you qualify), financing for your home buyers, insurance, help you locate land, advise you on property, create demand for your homes, etc. Website design By BotEap.comWe work with developers with various levels of experience and who have different levels of active participation in decision making. A Master Builder can guide you. Show you how to start. Get your feet wet. Website design By BotEap.comExample: I could start by helping you build a residential development team or connect you with mine if I have one in your area. So we would place a lot in a build from another developer. Website design By BotEap.comWe will then help you conduct basic market research in this controlled environment. How to write a proposal for the builder (us) to work with you. Website design By BotEap.comThen the real estate agent would find a buyer for you. You would sell the house. And we would use that house to create demand for more of our houses. You would repeat your success several times until you feel comfortable and ready to develop your own wilderness.