Developing a subdivision plan - the five C’s: Consult, Compare Costs, Compromise and then Commission.

The first rule when looking at land is don’t leave any money on the table, which is just another way of saying maximize the return. In a recent review of highest and best use Alpine Lakes Real Estate was asked about recommendations for a 30+ acre parcel with limited road frontage and no reasonable access to municipal water or sewer. In this case we consulted an engineer, surveyor, and wet land scientist, then compared costs for the maximum allowed number of lots within the town zoning. Next we studied the returns based on costs (with several options). We compromised based on wishes and reality and finally came up with prices that the market would accept. This allowed the seller the best return for his out of pocket expense and assured our participation in the project from start to finish.

Every development and marketing campaign will vary in length but in this recent scenario we did all the behind the scenes work and were ready to market in a little over 3 months. The ones I work on from start to finish are the most gratifying to me as a real estate professional. Alpine Lakes Real Estate and our in house design consulting firm would be happy to review your next project, and offer our insight on developing and marketing your property. We have been successfully developing, building and marketing real estate projects in the White Mountains and Waterville Valley regions for over 30 years.