How to Start Land Development Business
If you are planning to start your own business, you may consider putting up a land development business. You can use this article as your basic guide in doing so.
Land development business is a very lucrative business but, understand that one needs to have a strong initiative and great amount of careful planning before you invest your precious time and of course your money.
The planning stage is the most crucial part in starting any kind of business. You have to make a careful study of the aspect of a land development business. This will show your projections for all the money you need to put into the business, who your target customers are and what your returns are likely to be. It's worth doing to prevent making a costly mistake.
You may want to start with low cost housing then you may come full circle after, single-family home building. Then you can expand again into multifamily home building and later on to commercial development. That would depend on the success of your business. You have to make sure of what you really want.
Today is the best time to start a land development business, prices of land is in lowest rate nowadays because of the recession. Start looking for the best location for your land development business and the best deals right now. Look for a financial institution which offers the lowest interests rates in the market to help you with the funding.
Haphazardly-run businesses sometimes grow, but more often they fail because of poor management. Hire the best employees; be sure a trusted employee/s handles the most delicate position in your business. Being hands on, knowing the ins and outs of the business is still the best.
There is also the issue of securing all the documents when applying for the necessary permits before your land development business may be operational.
Have a wide range of connections. Know who the best among the best is, when it comes to the business. They can give you pointers and good advices and may even share with you his/her success story.
To be able to be recognized in the land development business you have to establish a good reputation. One way is the contractors that you will hire; are they using the best techniques and state of the art equipments. These will be your partners in your business. Ask for recommendations, so that there will be no regrets after, if and when the contractor that you hired failed your expectations.
You may also want to read guide books regarding land development business, attend seminars, forums and conferences. These will make you abreast with what’s new and what’s the latest in the business.
17 Comments
- Hi, I have 15 Acres of NA Land in Nagpur on Amravati Road & Planning to sell it OFF OR planning to start some kind of Business on it. Can anyone please suggest something
- good profit in real estate, so, we are starting own business on plotting scheme.
- I am interested in developing seven acres of land located in the Island of Trinidad, West Indies. This land is slightly undulating. There is electricity, pipe bourne water and good roads. Your views and advice will be greatly appreciated. Thank you.
- HI, Rishi, good size of plot you have and more potential interms of location we are architects and town planer. we can surely help you. contact us on my mob. 9820047080, mumbai india
- i have 153 an acre located in san bernerdino, ca. i would like to have an partner with me to do many idea ,if some one help start this business with me ,contact through my em for further evaluation ,contact. thank you
- If you need finance to develop your real estate business call me 1214 2886425
- I am a contractor & builder IN UTTAR PRADESH (INDIA), BUT MY ALL PROJECTS ARE GETTING LATE ALWAYS, PLEASE HELP ME IF YOU CAN, WHAT SHOULD I DO?
- I have 82 gunthas land beautifully located at foot hills of MATHERAN HILLS WELL CONNECT TO ROAD AND RAILWAYS, in residential U1 town planning zone at NERAL WEST under MMRDA development authority i would like to have finance to start residential complex development and or professional team FOR turn key PROJECT ( ON BUILD OPERATE AND PAY BASIS )
- buying land and house and reselling them opening a furniture and a mechanic company
- i want some capital for developing real state business
- Hi i am punit from jalgaon maharashtra. I have land development business. We start consultancy as well. If there is litigation we try to solve this. Some times we purchase properties under litigation. So if some one want any suggestion or want to sell property under litigation please contact me.
- I have 15 Bigha land at Batabari(mathachullka) beside Gorumara National Park, Jalpaiguri, West Bengal and another 9 Bigha at Mokrampur, Sonarpur Kolkata 700150. All are road adjacent. I want monitory help from financial institutions to start house building project. suggestion, help or partner required for the same. Thanks.
- I have several lots and literally blocks of undeveloped land available to me here in Gary Indiana. Would like to build side by side duplexes. Need to know who and/or what resources are available to me. Thanks
- I have a land near the river side. i want to start some good business. please give me a gold idea for my future life growing.
- I am doing job in developers office I want to make more money in this field give me details also about property dealing, precautions, law , loan etc..
- Hi Team, I am venturing into a land development business as a Principal Consultant to a family land owner in Nigeria and I would like to crave your professional advice on what and how to go about this business. Also, I would like to forge a robust professional and business with you to further discuss how we can partner in this venture at your earliest convenient time provided you are interested. There are lots of untapped opportunities here in Nigeria which I know you will find interesting. I look forward to hearing from you soonest while thanking you in anticipation for your consideration. Best Regards
- hi, I am Sanjay Kumar Baid from Bangalore(Karnataka, India)doing plotting development business, if any one has land or interested to join a business with me pls contact me on my mail id-sanjaybaid15@gmail.com
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