For-Sale Residential Development

For-Sale Residential Development

Residential developers develop land for housing construction. They buy the land; obtain government approvals to build housing; construct roads; install water and sewer lines, streetlights, and other necessary infrastructure; grade and otherwise prepare the land for construction; subdivide the land into individual lots; and sell the land to homebuilders. In some cases, residential developers partner with homebuilders to construct the housing as well.

Homebuilding companies build and sell operators single-family houses, townhouses, or condominium apartments. Some are local operations that build 50 to 100 units a year; others are large, national companies that build thousands of homes annually in multiple markets.

If a property doesn’t exist, then it must be built and the world of opportunities in construction is broad and diverse.

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Mixed Use
A development that contains two or more integrated land uses is called a mixed-use development. Among the possible components of a mixed-use project are office uses, retail and entertainment uses, hotels, a resort, and housing (either single-family or multifamily housing). Some projects include office and retail uses; others combine a hotel with retail uses; and […]
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