Module 3

Selecting the Site

  1. Establishing Land Development and Selection Criteria
    • Location of the Land
    • Zoning Classification
    • Parcel Size
    • Current or Past Use of the Site
    • Surrounding Land Uses
    • Price of the Land
    • Characteristics of the Land
    • The Shape of the Property
    • Visibility and Access to the Consumer
    • Traffic Patterns
      • Ingress and Egress from the Site
      • Speed of the Traffic
      • Side of the Street
      • Traffic Counts
      • Curb and Median Cuts
    • Availability of Utilities
    • Availability of Support Services
  2. Finding Available Land
    • Land Broker
    • Local ad National Newspapers
    • Trade Magazines
    • Local Banking Community
    • Local Federal Housing Administration Office
    • Auction Companies
    • Foreclosure Reports
    • Title Companies
    • Attorneys and Accountants
    • Architects and Engineers
    • Estate Sales
    • Property Management Companies
    • Letters to Property Owners and Real Estate Brokers
    • Visual Inspection of an Area
    • Other Developers
    • Real Estate Property Tax Services
    • County Planning and Zoning Department
    • Local Industrial Development Agencies
  3. Land Development Trends
    • Dormant Phase
    • Growth Phase
    • Maturity Phase
  4. Site Research
    • County Plat Books
    • County Tax Books
    • Aerial Photographs
    • County Planning and Zoning Departments
    • Yellow Pages
    • Local Real Estate Guides
    • Local Chamber of Commerce
    • Utility Companies
    • Local Newspapers
    • Department of Transportation (DOT)
    • Geodetic Maps and Surveys
    • Demographic Information Companies
  5. Initial Site Visits
    • Walking the Site
    • Sighting the Site
    • Flying the Site
  6. Site Evaluation
    • Poor Soil Conditions
    • Rock
    • Underground Water
    • Surface Water
    • Mines
    • Land Restrictions and Covenants
    • Boundary and Topographic Surveys
    • Environmental Assessment Studies
  7. Community Politics and Issues
    • National Soil and Water Conservation
    • Neighborhood Opposition
    • Utility and Building Moratoriums
    • Historic Preservation Groups
    • Archeological Sites
  8. Land Cost Evaluation Process
    • Price Per Acre
    • Price per Square Foot of Land
    • Price per Buildable Footage
    • Price per Front Foot
    • Land Costs as a Percentage of Total Development Costs
    • Land Cost Adjustments
  9. Helpful Hints (Do’s ad Don’ts)
    • To Do
    • To Not Do
  10. Possible Strategies for Use
    • Land Banking
    • Land Subdividing
  11. The Greater Fool Theory