Land Development:  A No-Nonsense Approach

Gray Frame Corner
Gray Frame Corner

What is land development? Land development is the process of making improvements to a piece of land. Getting into land development can be a lucrative path for building wealth in real estate. With land development, you are executing a business plan to create forced appreciation.

Types of Land Development

– Residential  – Commercial  – Industrial  – Agricultural – Utilities

Questions to Answer About a Property

– What can I build on this property? – What are potential uses? – What are the zoning requirements? – What are the zoning constraints and setbacks?

How to Research Land Use and Zoning

Knowing that researching land use will be different in every jurisdiction, there are still the same basic resources you can tap into in each area. These resources you can tap into are:

Zoning Maps – Most jurisdictions have a map available online  GIS – Some jurisdictions have Geographic Information Systems  Zoning Code – You can access the zoning code online for a jurisdiction  Surveyor – Surveyors have a deep knowledge of the zoning codes in the areas they work in.  Real Estate Attorney – they will be able to help you navigate the zoning laws for conforming use. Zoning Office – Asking questions can be a wealth of knowledge.

Environmental Studies

As part of your due diligence on land, you will want to have environmental studies completed before you purchase it. You will do this during the due diligence period of your contract to purchase.

SWIPE UP TO LEARN  MORE ABOUT LAND DEVELOPMENT

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