Connect with us

Build

Damon Becnel On Different Forms Of Land Development

construction worker

There are many different types of land development, and it can be confusing to understand the differences between them. In this blog post, Damon Becnel, a Real Estate Developer, will describe the most common types of land development and explain what you need to know about each one.

Understanding land development is worthwhile, especially if you are a property investor, business owner, or property developer; let’s get started!

What Is Land Development?

Land development is the process of creating new buildings or redeveloping old ones. It can involve anything from construction to infrastructure development to zoning changes.

Land Development can be done for various reasons, including creating new housing or businesses and redeveloping blighted areas. There are many different types of land development, but they can be generally divided into three categories: commercial, residential, and industrial.

People interested in land development can also apply for scholarships to help further their education and knowledge about this industry, says Damon Becnel, who has created a few videos relating to land development including how technology has improved it and why you need to do your research before embarking on a land development project.

Types of Land Development

Your land investment may be approved for various development strategies, including industrial, commercial, and residential.

Commercial

Commercial land development is geared towards businesses and includes office buildings, retail stores, and restaurants. This development is typically undertaken in city centers or business districts. Commercial development is often necessary for a city or community to grow and thrive economically.

Residential

Residential land development includes single-family homes, townhouses, and apartments. It’s responsible for most new housing construction in the United States each year. Residential requires a lot of infrastructure development, such as roads, sidewalks, and utilities.

Industrial

Industrial land development is focused on manufacturing and logistics facilities, and it’s responsible for creating jobs and supporting the economy. This land development needs a lot of space, so it’s typically found on the outskirts of a city or in rural areas.

How Does Land Development Help a Community Grow?

Land development is an integral part of any community. It helps create new businesses and jobs, which generates tax revenue that can improve public services like schools and roads. Land development also makes it easier for people to move around a city or community, promoting economic growth.

In addition, land development can positively impact the environment and public health. Developers often work with local officials to ensure that new construction meets or exceeds all applicable safety standards. They may also be required to install features like sidewalks and bike lanes that make it easier for people to get around. Daniel says:

Without land development, communities would be stagnant and unable to grow. It’s a vital part of the urban planning process and helps shape our cities and towns into the places we love to live.

Regulation

State and local governments heavily regulate state and local governments regulate land development. To begin a project, developers must go through rigorous processes, including obtaining permits and meeting zoning requirements. These permits and approvals can take a long time, and the development cost can be prohibitive.

Advertisement

Planning

Fortunately, many organizations can help developers navigate the regulatory process. The most important is the local planning department, responsible for approving or denying development proposals. Other organizations include the fire department, the health department, and the building department. These departments ensure that new development is safe and conforms to all applicable regulations.

Participating in the Land Development Process

You may wonder how residents and citizens can participate in the land development process. The good news is they can get involved with a specific land development project or participate in all planned projects by:

  • Attending public hearings
  • Sending letters to their elected officials
  • Testifying at city council meetings

Residents and citizens can also participate in organizations like the Urban Land Institute or the American Planning Association. These organizations offer land development training and education, providing a forum for residents to share their ideas and concerns.

Why get involved in the land development process?

There are many benefits to getting involved in the land development process. Through being involved in the community, people can be part of creating a vision for the future and ensure that it reflects their values. Residents and citizens also benefit from:

  • Learning more about how their community works and having a say in how it grows and evolves
  • May be able to get discounts on new construction
  • Or to receive priority for new housing developments

Land Development Challenges

Like any other process, land development has its share of challenges. What Are Some of the Challenges Involved in Land Development?

Approvals

One of the biggest is getting approvals from all the agencies and organizations that have a say in it. Developers also need to be aware of environmental and public health concerns, often having to make expensive upgrades to their projects to address them.

Funding

Another challenge is financing. Development is expensive, and it can be challenging to get funding from traditional lenders. This has led to the growth of alternative financing methods like PACE loans and development crowdfunding.

It’s important to remember that land development is a complex process, and it takes time and cooperation from everyone involved to make it a success. By getting involved in the process, residents and citizens can ensure that their community grows in a way they can be proud of.

Final Thoughts

Residents and citizens have an important role in the land development process. They can participate by attending public hearings, sending letters to their elected officials, or testifying at city council meetings. They can also get involved in organizations like the Urban Land Institute or the American Planning Association.

These organizations offer land development training and education, providing a forum for residents to share their ideas and concerns. It’s essential to understand the different types of land development to decide what kind of project you want to undertake. By understanding the benefits and drawbacks of each class, you can choose the best option for your needs.

Land Development FAQs

1. What is land development?

Land development is the process of creating new structures or modifying existing ones. It involves obtaining permits and meeting zoning requirements, which can be expensive and time-consuming.

2. How can residents and citizens participate in the process?

Residents and citizens can participate by attending public hearings, sending letters to their elected officials, or testifying at city council meetings. They can also get involved in organizations like the Urban Land Institute or the American Planning Association. These organizations offer land development training and education, providing a forum for residents to share their ideas and concerns.

3. What are some of the challenges involved in land development?

Like any other process, land development has its share of challenges. One of the biggest is getting approvals from all the agencies and organizations that have a say in it. Developers also need to be aware of environmental and public health concerns, often having to make expensive upgrades to their projects to address them.

Another challenge is financing. Development is expensive, and it can be challenging to get funding from traditional lenders. This has led to the growth of alternative financing methods like PACE loans and development crowdfunding.

Advertisement

PropertyTalk is the popular online Hub for quality articles and discussion.

Trending