Since everything to do with building a home starts with the land, Real estate developers are constantly looking for available land (or property not yet on the market) that is suitable for a new home neighborhood. This may be a swampy area, reclaimed land from the sea or ocean, fringes of urban areas, an open field, wooded land or a mountainous area.
Real estate developer can invest years and huge amounts of money to acquire individual parcels of land from many land owners just to create a new community/estate.
The developer creates an overall Plan for the community. He decides his target market (high income earners home buyers, middle income earners home buyers, Low income earners home buyers) and this singular decision determines what types of new homes to build. The complexity of the developments and type of building would inform the type of construction company to select for the new development
The developer prepares the site for building. The first step is obtaining government approvals (Layout plan, drawings, building, e.t.c) needed to build on the property. The site may need to be re-zoned for single-family and/or multi-family homes.
Once the estate master plan has been approved, the developer will have the land graded for proper drainage and erosion control and install the roads and underground infrastructure such as water, sewer and utilities. Next, come streets, curbs, sidewalks, street lights, signs and fire hydrants and all other important details that create a habitable community/estate, which builders and ultimately homeowners will share and rely upon.
The developer may also provide common estate amenities such as an estate clubhouse, pool, fitness center, standby power generator, playground or even a mini shopping mall.
When the developer provides the amenities as mentioned above either fully or partially and decides to sell, such are referred to as “fully Serviced” or partially serviced plots.
Some developers may decide to go the route of “build and sell” where the developer acquire land and build houses which most times are of the same design/style and size. Here, the houses are completely finished before selling them. Buyers of houses in such estates may not be allowed to alter the exterior of the houses just so that there is uniformity in the exterior of the houses within the estate. However, there are some developers who design and build the shell of the houses only. They allow buyers to carry out the finishing of the houses themselves.
Now that you know who Real estate developers are, here are some estates for you to acquire plots of land to build your dream home or simply hold for investment purpose:
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