Be a Successful Residential Land Developer / Edition 2

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Overview

Learn how YOU can become a player in the hot market for new housing

You don't need a fortune or years of real estate experience to become a successful residential land developer. This shrewd, up-to-the-minute guide shows you how to find and acquire prime properties that are true diamonds in the rough. You'll learn the factors that determine whether you've got a good deal: engineering surveys, grading, water availability and drainage, utilities, traffic, and more. And once you've chosen your land, you'll discover what you need to do at every stage to make your project succeed.

With the step-by-step advice of real estate expert and contractor R. Dodge Woodson's failure-proof primer, anyone can learn to exploit the opportunities in land development.

Reflecting today's advantageous financial land development climate, Be a Successful Residential Land Developer shows you how to:

* Tie up and control land with very little cash and plenty of escape clauses

* Tap into conventional and creative financing sources

* Apply powerful Internet tools to leverage information

* Get favorable bids from subcontractors

* Deal with zoning, environmental, and code enforcement issues

* Reduce neighborhood resistance and handle boards of appeal

* Put together a professional team and direct the project

* Develop a marketing and sales plan for your new home(s)

* Much, much more

INSIDE RESIDENTIAL LAND DEVELOPMENT SUCCESS

Why Should I Get into Land Development?
• Can I Really Do It?
• The Development Team and Selecting the Viable Project
• Finding Hidden Treasure
• Tying Up Land without a Full Commitment
• Having Your Experts Do Preliminary Checks
• Going over the Ground from Top to Bottom
• Planning on Paper
• Storm Water Drainage
• Deciphering the Dirt
• Water Requirements
• Land Lost and Cost for Roads
• Flood Zones
• Location, Location, Location
• Plans and Specifications
• Getting Development Bids
• Sales Projections
• Financing
• Zoning
• Closing Your Land Deal
• Insurance and Subcontractor Needs
• Rolling Out the Big Rigs and Site Supervision
• Keeping Your Project on Time and on Budget
• A Marketing Plan and Sales Team
• New Projects

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Product Details

  • ISBN-13: 9780071441711
  • Publisher: McGraw-Hill Professional Publishing
  • Publication date: 10/1/2004
  • Edition description: REV
  • Edition number: 2
  • Pages: 359
  • Product dimensions: 7.30 (w) x 9.00 (h) x 0.92 (d)

Meet the Author

R. Dodge Woodson (Brunswick, Maine) holds the real estate license of Designated Broker. This is the highest classification of professional real licensure available. Woodson is the president and owner of Expert Realty Services, Inc., in Brunswick Maine. He bought his first piece of speculative land in 1974 and has been a progressive land developer in Virginia and Maine for the last 29 years. He has succeeded with both individual plots and large parcels that he subdivided. With nearly 30 years of experience as a residential land developer, Mr. Woodson has developed a process that makes failure virtually impossible.

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Table of Contents

Ch. 1 Why should I get into land development? 1
Ch. 2 A development team 9
Ch. 3 Finding land 23
Ch. 4 Finding hidden treasure 41
Ch. 5 Tying up land without a full commitment 47
Ch. 6 Expert advice 55
Ch. 7 Site assessment 77
Ch. 8 The written plan 85
Ch. 9 Storm-water drainage 101
Ch. 10 Deciphering the dirt 113
Ch. 11 Water requirements 121
Ch. 12 Land loss and road costs 129
Ch. 13 Flood zones, wetlands, and other deal-stoppers 135
Ch. 14 Location, location, location 157
Ch. 15 Plans and specifications 167
Ch. 16 Development bids 205
Ch. 17 Predicting sales 217
Ch. 18 Financing 223
Ch. 19 Zoning 243
Ch. 20 Closing your land deal 261
Ch. 21 Insurance and subcontractor needs 269
Ch. 22 Breaking ground 285
Ch. 23 Keeping your project on time and on budget 299
Ch. 24 Marketing and sales 311
Ch. 25 New projects 319
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