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Innovative yet practical land development and acquisition strategies for up and coming builders to meet the shortages and challenges of your market.

Acquiring land is the starting point for all builders, and is often a major issue. Regardless of size, land acquisition will dictate your volume of builds, the market size and demographic you can sell to, and can change the way you finance a new community development.

What The Experts Say

“Small to medium sized builders were crushed during the recent land depression in the recession, and a lot of their equity base is just gone so they don’t have the cash to close or the equity that is now required for a lender,” says Richard Guerard – Illinois attorney. Guerard’s legal expertise is in real estate transactions, he recommends that growing builders “compete with big builders by developing their own lots based on their specific strategy”.

To understand the effects on land development during the recent recession, also try – Land Pressure: Combating “Zombie Subdivisions”

Top 3 Land Acquisition Tricks for Rising Builders in 2018:

  1. Approach Land Acquisitions with Multiple Payments – Establish a purchasing schedule to buy the land gradually while selling homes to clients
  2. Band Together with Smaller Builders – Unite with other local builders and establish your presence and buying power as community members in acquiring land together in strategic locations
  3. Begin Small, then Build Up – Local builders have an advantage over giant production builders by harnessing local relationships – automate your purchasing capabilities as you focus on acquiring more land in strategic locations

 

To reap the benefits of these tips for land development, builders need a level of commitment to standardized work process. Bonus Tip:

  • Investment in Technology is an Investment Towards Success – these tips cannot be implemented with spreadsheets alone. Prospecting various land packages, and working with other local builders, requires an advanced land acquisition and development software solution.

The Verdict

Having the right strategy alone may not be sufficient enough to outpace the big players in the industry. Always look for innovative technical solutions for purchasing and land development. Our Land Development software – LandDev automates lot planning while integrating financial data with established enterprise resource management platforms. Investing in an integrated land development solution will take care of resource allocation and vendor contracts to maximize profits. Cost efficiency means you can start planning your next big land purchase for new communities!

Content Source: Land Strategies for Small Builders | Brian Croce – BuilderOnline.com

Join Us at The 5th Annual Real Estate Private Equity Forum

Increasingly, today’s market is about catering to millennials as first-time homebuyers, ensuring creative – yet cost-effective homes are tested and taking advantage of niche markets. Join our Director of Professional Services at The 5th Annual Real Estate Private Equity Forum. Bob Swainhart will cover:

  •         Innovations in homebuilding and condo products
  •          Appealing to the modern homebuyer
  •          Effective building strategies for cost savings
  •          Testing new home designs and taking advantage of niche markets

Event Details:

The 5th Annual Real estate Prive Equity Forum on Land,

Homebuilding & Condo Development (East)

April 10-11, 2018 | Four Seasons Miami, Miami, FL

Register here

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Constellation HomeBuilder Systems named to Constructech 50 for 2013

 

We are excited to announce that Constellation has again been recognized for outstanding and ongoing contributions to the home building industry, named to the Constructech 50.

The Constructech 50, published in the July/Aug issue of Constructech magazine, is a listing of the most influential construction technology providers with a strong and ongoing market presence, as determined by Constructech’s editorial team. This is the sixth year in a row that Constellation has been named to the Constructech 50.

Construction professionals must often evaluate what technology can do for their company; asking where money should be invested, and what trends to watch,” says Mike Carrozzo, chief editor, Constructech. “ The 2013 Constructech 50 is representative of the providers that can address such questions and will work to implement the solutions a company needs in order to provide answers.”

Big Data, Big Opportunity

Constructech sees data, and the ability to effectively report on that data, as the next great hurdle for technology providers to the construction industry:

Then there is the coming trend around “Big Data.” While such a term might not seem fitting to all organizations, the idea of data—no matter what it’s proverbial “size” shakes out to be—still remains vital for the long run. It’s no longer enough to simply fall in love with the idea of being able to collect data from multiple touch points. Nowadays, it’s all about the process of storing, analyzing, and acting upon such data. 

[...] In this coming age of “Big Data,” the process of getting to your information without having to incur the high cost and outlandish level of frustration associated with data bridges will be more essential than ever before. 

Constellation HomeBuilder Systems is your trusted partner to aid home builders with this goal of capturing information and using it to be more efficient and effective builders. Many Constellation solutions capture customer information beginning from the “yes, send me more information” web form all the way through the sales process, production process, and warranty process. This mean you have a complete and accurate snapshot of your customer in one database.

With all your data in one place, reporting is both simple and powerful (and actionable, and auditable, etc.). Take the next step with Constellation.

2013 Constructech 50 Links:
The list.
The magazine ($).
The article.
The press release. 

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