Useful Terminology Regarding Land Development Companies
Land development companies handle all sorts of residential and commercial property. After all, these professionals are needed to change and improve the landscape of properties so they are ready for construction or agriculture purposes. Once the land is developed, buyers can pay a reasonable rate or cost to build residential homes, shops, or other structures. Civil engineers, architects, and construction contractors often work with land developers on various projects. Here you will find a few useful terms and definitions to help you better understand this field or business.
Zoning – This basically refers to the federal government’s power to restrict, regulate, and control the use of certain land. If the land is within a certain jurisdiction, buyers have to get permission to build on it, and must know the restrictions that apply.
Civil Engineer – A professional that specializes in designing and maintaining roads, dams, bridges, and other public structures. These engineers deal with the safety aspects of these structures as well.
Flood Plane – This refers to land areas adjoining ponds or streams that may potentially be flooded over at some time or another. Land development companies have to take these bodies of water into consideration when building or altering landscapes.
Flag Lot – A residential or commercial property or lot of land that is lacking the required width or frontage on a street. Also known as a land lot, a flag lot typically has direct access to a street through a small portion of land.
Comprehensive Plan – This is a document that is used by county and local authorities in the land planning process. It generally contains a statement of objectives, property projections, cost, and short or long-term planning strategies.
A land development company is a firm that specializes in developing property or sections of land. While some firms deal primarily with residential properties, others focus more on commercial real estate. This process typically begins with a loan, and the purchase of a property or portion of land. A professional planner or development company then has to assess the location, subdivision or property, and proceed form there. Often civil engineers are used to help design structures and roads.
There is a great deal involved when it comes to land development. Once the loan is processed for the individual or company who purchased the land or lot, architects, builders, engineers, and housing contractors are then needed. For instance, the landscape or natural environment will likely have to be altered. This way a house, urban subdivision, or apartment complex can be constructed. Some important factors that the land development company or planner must consider are money or funding allocation, agriculture, construction management, equipment needed for building, and the conversion contract regarding the real estate or property. The process of developing the land or lot can take a number of months or years to complete. It really just depends on the size and specifics of the land.
One way to learn more about land and property development companies is by accessing the web. Online, you can find all kinds of answers to common questions pertaining to this industry. Just be sure to address specific development concerns in order to get the right answers you need.