What It Really Takes
To Build And Sell A Neighbourhood
on how to build and sell real estate housing projects
The housing market is a volatile thing. You never know when the next construction
boom might begin or end. But anyone who wants to really make a lot of money from real estate knows that getting the
keys to developing a brand new neighbourhood is like striking gold. Providing the market’s there for it.
It's not your usual home
business, but let’s say that the market is, indeed, there to support a new
neighbourhood. Or even if it’s not, that you can find the customers. What goes into getting the land, building and
selling a whole neighbourhood? Let’s take a look at some of the processes involved.
|It takes a lot of planning, knowledge and hard work to
build and sell
real estate neighbourhood properties. (Picture source:
Of course, you can’t just go building whatever you want even if you own the land.
A whole new development often means that you need a permit. This is
not an easy process. The aesthetic, economy and lifestyle of the town or city has a big say in what does or
doesn’t get built. A lot of politically active citizens have a desire to keep their locale sustained in its
current state. But if you can convince the state that your development will only further growth without
sacrificing the aspects of the existing town or city, you might just snatch the permit.
|Once you secure the permits and the land, you need to
find a good and reliable
supplier of the raw building materials for the early
Even after you’ve bought the land and got the permits, you should already know
it’s not ready to start building on. Land needs to be developed and landscaped before you try putting a house on
top. Civil contracting company DM Civil is an example of the kind of service needed to start landscaping an area. In truth, the
development of the land and any infrastructural changes can often be more work and cost than building the houses
themselves. But to get the most return out of the neighbourhood, it’s necessary to put that time and money
|If you include solar power panels in your housing
project, it will help with
faster selling of your new real estate
properties. (Image by Pixabay.com)
After that, comes building the home. Anyone who’s overseen a building already
knows how this goes. But on a large scale project like this, your choice of crew is more important than it has ever
been. You need to find the crew that has the reputation and track record of being responsible, reliable and
experienced. Relying on underqualified workers will end you in a lot of trouble when tenants start complaining
about botched jobs in their houses. A lot of developers will make the mistake of promising bonuses for early
completion, which only fuels rushed jobs. Be patient. The returns will come eventually.
|Sold properties will be your ultimate reward for all
the work that goes into planning,
development and selling of your neighbourhood housing project. (Image by
Of course, you need to then find the people to live in the home. Most realtors
will say that this is entirely dependent on the market. But it needn’t be. There are ways to find your tenants and
buyers however the market might be. Neighbourhoods with great curb appeal are bound to sell fast regardless of the current
housing market, for example.
Building and selling a neighbourhood is a lot of work. Not to mention a lot of
money. But if you can afford it and do it right, there are few projects in real estate more lucrative.