Subdivision Development Considerations
Developing a nice subdivision is a great way to turn your land into something great, but you have to go about it the right way. Starting a subdivision without a plan in mind is like setting yourself up for failure, but keeping these five important components of subdivision development in mind is a great way to help ensure success.
1. Where is the Subdivision Located?
One of the first most important components of subdivision development is choosing the right location, but builders do choose different locations for different reasons. For example, it’s a nice idea to set up a subdivision in the suburbs or near a military installation, but subdivisions can also do well in areas where there aren’t many single-family homes. Regardless, it is essential to choose an area with a healthy population or that is growing relatively quickly.
2. How Much Space is Available?
When developing a subdivision, it is essential to make sure that there is enough space for the neighborhood to really grow. Along with making sure that there is ample space for the beginning plans and to make sure that each residence has a large enough lawn, it isn’t a bad idea to invest in a bit of extra acreage; this will allow for a bit of breathing room if the neighborhood really takes off.
3. What Types of Homes Will Be Built?
Determining what type of homes will be built is one of the essential components of subdivision development. Failing to have a plan in mind can cause you to end up with a neighborhood that doesn’t have a cohesive look and feel, or the neighborhood could go in the wrong direction. For example, you will probably want to determine an average size and price for the homes in the subdivision; although they all won’t be exactly the same price or size, they should have something in common. You might even want to opt for homes in a certain style, or you could choose that you want all of the homes to be brick or to have something else in common aesthetically.
4. What Amenities Will Be Offered?
Since there are a lot of different subdivisions out there, you have to add enough amenities to make people want to call your neighborhood home. For example, you might choose to offer a swimming pool and a small park for the kids to play in. Or, you could opt to plant beautiful gardens. You don’t have to have everything, but you will want to have a few things to offer that will make your subdivision different from the countless others that are out there. When planning these amenities, however, make sure that you put them in your budget; not only do you have to worry about initial costs, but you also have to think about maintenance and upkeep as well.
5. How Will the Subdivision Be Developed?
Who will be in charge of the subdivision development? For example, are you planning on having the homes built to your specifications and then sold, or will you be selling lots with restrictions? Also, will there be a homeowner’s association?
Related: Development Strategies