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Index » Property & Agents » Property Sites
 

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

 
Author: Colm Dillon

Land subdivision is a bit like helping Mom slice up her beautiful Apple Pie; its all so easy, when, like Mom, youve done it a few times. So lets 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 cant build a house anywhere you like, you cant 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.

Lets 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 dont 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 dont 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 youre 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 dont 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 dont.

Author Bio:

Colm Dillon

I've spent 30 years in the development industry and have $1.2 Billion worth of developments completed.

That breaks down to about $800 million in commercial developments and $400 million in residential buildings.

While I was developing I would try to help people who wanted to learn "How To" become developers.

However I became frustrated when answering their questions, because I knew I should spend more of my "spare time" (none) giving a more complete answer.

Many questions required further elaboration and I just did not have the time. I searched the Web to get help for these people and found 'nothing'- not one usful bit of information.

So I spent a year writing, "Residential Development Made Easy." I now have students in all US & Canadian States and 83 other countries around the world.

To get it to the people who needed it, I made it into an E-book and it is now the only downloadable e-book in the world that teaches individuals how to become developers.

Book publishers are interested in sales numbers, and with the specialist nature of the development business, and the limited number of individuals who want to be developers, I cannot claim that the e-book is a commercial success, in publishing terms.

In fact, if I had to rely on a publisher to get the book to market in hard copy, it would still be sitting on my desk, instead of helping people enrich their lives.

"Residential Development Made Easy" has expanded and enriched my life beyond imagination and from the messages I receive my work seems to be helping others as well.

It is truely wonderful to be able to pass on your knowledge to others and see them grow. I would recommend the experience to anyone - do it.

With the help of the latest technology I will soon be able to mentor my readers "LIVE" from my home to their home, in Real Time, both Visual and Audio, and discuss their projects. All they need is a small Web Cam & a Mic.

Life has never been so exciting.

So if you want to Learn Development from a "Guy Who's Done It" go to my Web Site for some 'No Padding' Straight Talking Stuff, and above all:

Learn It The Right Way, The First Time

You can search for this article using: real estate web sites, real estate agent web sites, real estate investor websites
 
 
 

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