Land Subdivision - $1.2 Billion Dollar Developer Tells You How To Do It

Land subdivision is a bit like helping Mom slice up her beautiful Apple Pie; it's all so easy, when, like Mom, you've done it a few times. So let's see if we can get the ingredients for a land subdivision correct so you can do it right first time, OK?

Every city or town in the free world has a Town Plan and it comprises, not surprisingly, of plans or maps, usually with lots of different colors all over them, but also lots of words explaining what the colors mean as well as lots of Rules that tell you what you can do with land.

The colors indicate different zonings that your elected Council has decided upon. So say, Residential housing may be Yellow; high density housing like units, condos may be Pink; and industrial Orange, whatever. So you can see at a glance how the town plan is subdivided into land use categories.

Just as you can't build a house anywhere you like, you can't have a farm or a factory in the middle of a residential area either. So the first thing you must do is find out what is the 'Zoning' of the land you own or are thinking of buying. Getting land Rezoned is another issue altogether.

Let's assume your land is zoned for residential housing. The Town Plan will tell you all the requirements you have to undertake for land subdivision. It will tell you the minimum Lot size allowed in a residential subdivision. It will tell you the distance in feet or metres you have to Set-Back each lot from the road, either internal and/or external, as well as the side boundaries of your land.

Now all that seems a bit complicated, but don't worry, there are professional land subdivision experts who will do all this work for you. Depending in what part of the world you come from, you will engage either an Engineer in the USA or a Land Surveyor in Australia, New Zealand, UK or Ireland to prepare you land subdivision plan.

Always engage one who does their main work in your area, because these are the professional where local knowledge is very important. They will know about soil conditions in your area, because they may have done several land subdivisions in the area already and completed soil testing.

They will also know about the provision of utilities like water supply, electricity, gas, telephone. All of these impact on the cost of your development. For example, if water reticulation is not available on your road frontage and the nearest water supply is a mile away, then you may have to pay for the cost of piping water that distance.

It is vital you know this information before you commit yourself to land subdivision costs and so the Engineer or Land Surveyor are very important not only at your investigation stage, but also when you proceed with the land subdivision planning application preparation and lodgment with your Local Authority. These guys will do all that work for you.

So what does all that add up to?

Yes, you should go the Local Authority in your area of the world that handles Town Planning and study their Town Plan. You may even be able to get a photo copy of that area of the plan that concerns your land. Read the local By-Laws about the type of land subdivision you plan to do.

Next, if you don't have a recommendation as to which Engineer or Land Surveyor to use, do as I suggest in my e-book, Residential Development Made Easy, go and interview several of them in your area. Remember, as you are low on experience, the interview is your opportunity to find someone with whom you feel comfortable on a personal level.

Do they 'talk down' to you and treat you as though you're a mug? Are they information givers? Do they explain things to you? What land subdivision are they currently working on? Where is their most recently completed land subdivision?

You don't have the expertise in the profession, so use you own instincts. When you find one that suits you, Do Not start off your relationship, by attempting to haggle over the professional fees he proposed to charge you. If you have interviewed several professional you will know the range of fees charged, BUT you do not know the extent or range of work the firm has to carry out.

So to haggle with a professional based on such skinny information, tells the professional that they should avoid you by a mile. I have developed over $1.2 Billion worth of real estate and have never in my life haggled over a professional fee and the reason is simple.

First: I believe everyone is entitled to a profit from their endeavors, provided they do a good job.

Second: If you land subdivision financial feasibility study is so marginal that you have to save a few thousand dollars by screwing the fees of your professional consultants, then either you have a bad development or you are just a bad employer.

Third: I believe in incentive. I prefer to pay a guy more than he asks. Guess how he performs for me as opposed to clients who don't.

Author & $1.2 Billion Real Estate Developer Has Written Best Selling 'How-To' E-book, "Residential Development Made Easy" With A Readers In All States of the US, Canada, Australia, New Zealand, UK and 79 0ther Countries Through His Web Site http: http://www.realestatedevelopmentcoach.com

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Forbes

Evaluate This Factor To Find The True Winners Among Today's Hottest Real Estate Markets
Forbes
As the presence of social media, instant messaging and “smart” devices continue to encroach on our physical, non-digital lives, I have observed that real estate markets are becoming hyper-localized, even more so than they were in the past. Any real ...


The Boston Globe

What your money gets you in Greater Boston real estate
The Boston Globe
24 BASSET STREET / LYNN Listing Price: $400,000. Square Feet: 1,308. Lot Size: 0.07 acre. Bedrooms: 3. Baths: 2 full. Tucked away behind larger homes and down a private driveway, this 1880 Colonial in Lynn's Diamond District packs a lot of rooms into ...


Dallas News

Top D-FW commercial real estate deals for the week of April 16
Dallas News
A developer has purchased six acres on the northeast corner of U.S. Highway 75 and Legacy Drive in Plano. The new owner Three VP Texas LP plans to build a WoodSpring Suites Hotel and retail on the property. JLL's Chris Gibbons brokered the sale. An ...


Bloomberg

Lisbon's Real Estate Market Hasn't Peaked Yet, Investor Says
Bloomberg
Paula Amorim, the Portuguese investor who's chairman of oil producer Galp Energia SGPS SA, doesn't think Lisbon's booming real estate market has peaked yet as she plans to invest in offering new luxury services. “I don't think the market has reached a ...

and more »

San Antonio Business Journal

Carmen Bean ranked No. 1 on Residential Real Estate Individual Agents list
San Antonio Business Journal
What factors will have the greatest impact on San Antonio residential real estate sales in 2018? The bullet train between San Antonio and Austin will be a significant impact on the San Antonio housing market. This will provide commuters from Austin the ...

and more »

Forbes

9 Ways To Invest In Real Estate Without Buying Property
Forbes
Last year's housing market was one for the record books, with the gains partly driven by tightening inventories and exceedingly low mortgage rates. In some pockets of the country, housing prices rose well over 10 percent on average. But, it's not only ...

and more »

Real estate daily market update: April 19, 2018
Inman.com
We'll add more market news briefs throughout the day. Check back to read the latest. Most recent market news. Thursday, April 19. Zillow Mortgage Rate Ticker. The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.25 percent, up six basis ...

and more »

Curbed Philly

Philly Real Estate Week hopes to bridge information gap
Curbed Philly
A first annual Real Estate Week is coming to Philly this spring, and with it, organizers are hoping to bring lesser-known information on urban planning, home ownership and the structure of the city to the public. The week, which will be held June 4 ...


Richmond.com

HandCraft Cleaners building in Scott's Addition wins real estate project of the year
Richmond.com
The owners of HandCraft Cleaners were considering selling their building in the Scott's Addition neighborhood in early 2015. The company had used most of the building for industrial laundering operations from 1983 until it completed the move of those ...

and more »

Seeking Alpha

Stocks, Bonds, And Real Estate: The High Probability Of A Wealth Effect Reversal
Seeking Alpha
What might one anticipate from an increase in the supply of government debt and a reduction in demand? It could mean higher yields and higher associated borrowing costs to attract other buyers to step up. With the 10-year U.S. Treasury trading 50 basis ...

and more »
Google News

Real Estate Appraisal - Rental Properties

Real estate appraisal for rental properties isn't the same as... Read More

U.S. Real Estate Sought By Foreign Investors Due to a Weaker Dollar

The weak US dollar has been good news for real... Read More

What To Expect From Your House Appraisal

Having your house appraised can be a scary step in... Read More

Let the Broker Show the House

Of course you're curious, and you'd like to see what... Read More

Be A Realtor With Curb Appeal

Are you a realtor with curb appeal or are you... Read More

Realty Agents: Don?t Ask Don?t Tell?

Real estate stories radiate from the water cooler and cocktail... Read More

Sell Houses Fast & Top Dollar: Design Psychology

How would you like to start a bidding war for... Read More

Buy to Let Property Investment

In recent years buy to let has been a popular... Read More

Real Estate Investing ? The First House Purchase

Real estate investing usually begins with the purchase of a... Read More

The Real Estate Bubble Fallacy

There has been a lot of talk lately about the... Read More

Rental Property Management - Ten Questions

Why hire rental property management? Because doing it all yourself... Read More

Real Estate: Reasons and Priorities for Purchasing Property

Real Estate: Reasons and Priorities for Purchasing Property. It's not... Read More

How to Attract Clients in Residential Real Estate

Doesn't it seem like everyone you know has a friend,... Read More

Youre Not Paranoid: The House Really Hates You

If you've just bought a house, you may be able... Read More

Should You Allow Buyer To Rent During Closing?

It's not uncommon for an investor to sell a house... Read More

Do You Want To Sell Your Rehabs Fast?

That's an obvious question ? we all do! So what... Read More

Escalation Clauses ? A Home Buyers Secret Weapon

Today we discuss escalation clauses because much of the country... Read More

How To Go About Selling Your Home On Your Own

In days of booming real estate, you would think that... Read More

Eleven Questions to Ask in an Agent Interview

Questions Sellers Should Ask in Agent Interviews:1. Is your license... Read More

Selling Your Home ? Be Sure It Shows Well

Whether you are selling a house, townhouse, condo or apartment,... Read More

Relocation Humor: Why I Bought A House

The Rental Experience in South FloridaReaders: This is based on... Read More

7 Marketing Methods for Real Estate Coaches

You shower, shampoo, dress your best, check to see if... Read More

Property in Northern Spain

If you're looking for the 'real' Spain where the culture,... Read More

Golf and Waterfront Living: Live, Play, Relax

With today's planned lifestyle communities, golf and boating enthusiasts have... Read More

I Believe God Wants Me To Tell All In Real Estate

After years of experience in the real estate industry I... Read More