In developing a piece of land for residential use there are many things to consider and numerous options to review in order to provide the most beneficial stakeholder plan.
Firstly, if not already available, a land survey with contours needs to be prepared and this plan must indicate areas of wetlands, rock outcrops, natural storm water courses, major trees, etc. From this plan the areas suitable for residential development are identified.
The next step is to prepare a development specification which would cover such things as the maximum and minimum plot sizes, the variety of house sizes allowed and if necessary the architectural theme for house design.
From a site visit the connection to the existing road transport system is determined together with the location of the connection to the bulk services of water, power and sewage.
All this information is passed to the town planners for them to design the best option or options for the layout of the village taking into consideration areas for recreation, shops, schools, clinics, religion, municipal services and, of course, an industrial/commercial area to create employment opportunities. The selected plan is then submitted to the local municipality for approval.
At this point a bankable feasibility study document is prepared for submission to financial organizations to raise the necessary funds to commence with the construction and marketing of the development. It is common, if a bank is involved in providing the finance, for them to insist that they are the sole provider of mortgage finance to house buyers.
The marketing can commence as soon as the development finance is obtained with the marketing team selling off plan and deposits held in trust by attorneys. One or two show houses can be built on spec for marketing purposes and sold off towards the end of the project.
Without taking these very necessary steps land owners can find themselves in all sorts of trouble always costing large amounts of money or even the loss of the land.
Detailed planning makes the difference between a successful development and a potential disaster.
This planning phase normally takes no more than 6 to 9 months to complete for most bulk housing developments.
This important planning cycle is all part of the BSM Group service and is provided as a separate activity to ensure the project plan is sound and the cost of the full project implementation is understood before construction contracts are signed.