"A developer is an active value creator who acquires land, plans its use, and pushes it through entitlements, utilities, and often construction, turning raw or underutilized parcels into buildable lots or communities. This starts with navigating zoning, platting, infrastructure and government approvals. It goes on to delivering entitled lots or improved pads to builders and end users. Developers are the pipeline operators of the urban edge, absorbing land from nonmarket owners and converting it into shovel-ready product that builders can price, schedule, and build against."
"This contrasts dramatically with the role played by the land speculator, often the spectator in the market theater. Rather than running entitlements or building, speculators buy land expecting its value to rise from market growth, infrastructure, or rezoning. Then, the idea is to sell later for a capital gain. They provide liquidity and price discovery by absorbing land from farmers, heirs, and smallparcel owners, warehousing it until the market or public investment unlocks value."
Developers actively create value by acquiring parcels, planning uses, and advancing entitlements, utilities, and construction to convert underutilized land into buildable lots or communities. The development process includes navigating zoning, platting, infrastructure, and government approvals and delivering entitled lots or improved pads to builders and end users. Speculators purchase land to capture expected appreciation from market growth, infrastructure, or rezoning, providing liquidity and price discovery while warehousing land until public investment or market shifts unlock value. Farmers and heirs collectively own large shares of land and often operate outside active markets, selling to developers or speculators.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]