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How to learn to work with raw land and bring it to max potential?
The land is similar to an equilateral triangle in shape but has the 3 points rounded off.. Its 3 acres of prime land, ocean view towards front, an equally stunning valley view to the rear. It climbs gently higher from front to back, with regularly placed flat areas perfect to place a house on, There are 8 or more of these in total from lowest to the top area which has a flat area wide enough for building on the top. The back borderline is 150 meter long, right behind the property has a steep slope of grass, that goes down toward a huge valley with alittle river running thru The second you look out you feel as if you can see for 110 miles, peeking out of that beautiful little forest you´re in! I need some great advice on how to work with the property, and create private spaces for several homes to be built and hardly visible to each other, make good use of the land, use good design priciples, or anything that may help. I wish to use every eco friendly method that I can. thanks!!!
3 Answers
- esLv 51 decade agoFavorite Answer
You didn't state where it is located. If it is in the U.S.:
Start by going to the local municipality. You can get a package from them, which will show local requirements. If you need to sub-divide, this is a long process. It sometimes takes several years. You will need all kinds of tests- to determine if there is potable water, septic tests, perhaps a determination regarding wetlands, etc. You will have to work with an engineering firm. The township will let you know what the acreage requirements are for subdivision, and what the open space, tree requirements are ( yes-they can tell you which trees can be removed and make you replace them) and impervious surface ratios. With that information, you can than plan your building envelopes and map out the subdivision. This kind of development is not something you can do by yourself. You will need both a real estate lawyer to deal with the township, and an engineering firm, plus other specialists-( for example, septic design firm). Then you can plan your eco-efficient homes with a good architect!
Good luck! It takes a ton of money to develop that kind of site!
- 1 decade ago
Unimproved, raw land is the hardest type of land to finance because it is essentially a speculative investment. Some lenders will require a 50 percent down payment for a raw land loan, although loans with 20 percent down payments are not uncommon.
Loans for improved land (land with utilities, sewers, street access etc) will have a lower down payment and interest. Buying improved land with immediate plans for construction is the easiest way to secure a land loan, because the lender will be paid off when you take out a mortgage on the structure. Land loans generally mature in 10-15 years.
