Real Estate Development

Density Bonus: Incentivizing Affordable Housing
A comprehensive look at the Density Bonus, an incentive allowing developers to build additional units beyond zoning limits in exchange for affordable housing.
Flag Lot: A Unique Land Layout
A comprehensive guide to understanding flag lots, their benefits, drawbacks, and key considerations in real estate.
Panelized Housing: Prefabricated Wall Panels Assembled On-site
Panelized Housing involves the on-site assembly of prefabricated wall panels, offering a flexible alternative to module-based construction found in modular homes.
Remodeling: Comprehensive Understanding
Remodeling involves changing the structure or form of a property, typically more extensive than simple modernization, often with the goal of improving aesthetics, functionality, or increasing property value.
Rowhouse: Urban Architectural Marvel
A rowhouse, also known as a townhouse, is characterized by a row of similar, often identical, urban homes. This article provides comprehensive coverage of its historical context, types, key events, detailed explanations, diagrams, and more.
Show Home: A Showcase of Future Living Spaces
A Show Home, also known as a Model Home, is a fully furnished and decorated house built by real estate developers to showcase the design, layout, and features of the homes for sale in a new development.
Spec Home: A Home Built on Speculation
A comprehensive guide to understanding spec homes, homes built by developers without a specific buyer in mind, with the intention of selling upon completion.
Suburban Development: Expansion on the Outskirts
Suburban development refers to the expansion and building of residential communities on the outskirts of urban areas, characterized by lower density and larger home lots compared to urban centers.
Custom Builder: Unique Home Construction
A custom builder specializes in constructing unique houses tailored to specific customer requirements, offering personalized designs to suit individual needs and preferences.
Front Money: Initial Cash Investment for Projects
Comprehensive explanation of Front Money, its uses, significance, and some practical examples in project initiation, including purchasing, planning, permits acquisition, and loan commitments.
Frontage: Linear Distance of Land Along a Feature
Comprehensive understanding of frontage, which refers to the linear distance a piece of land extends along a lake, river, street, or highway, often priced per front foot.
Model Unit: Representative Demonstrative Space
A representative product, like a home, apartment, or office space, used as part of a sales campaign to demonstrate the design, structure, and appearance of units in a development.
Mortgage Out: Financing Beyond Project Construction Costs
Mortgage Out refers to obtaining financing that exceeds the cost of constructing a project. Developers achieve this by securing a permanent loan commitment based on a high percentage of the completed project's value, although opportunities have declined due to stricter underwriting criteria.
Office Park: Planned Development for Office Buildings
An in-depth look at Office Parks, planned developments specially designed for office buildings and supportive facilities. Examples include research parks and medical services parks.
Planned Unit Development (PUD): An In-Depth Guide
Understanding Planned Unit Development (PUD) zoning classification and its implications on subdivision design for better utilization of space and community planning.
PRELEASE: Definition and Importance in Real Estate
The concept of PRELEASE refers to the practice of securing lease commitments for a building or complex before it is available for occupancy. This is often a prerequisite for obtaining permanent financing from lenders.
Protective Covenant: Legal Agreement with Restrictions
A Protective Covenant is a type of agreement that imposes restrictions on land or property use to protect the interests and values within a community or development.
Special-Use Permit: Conditional Approval for Specific Activities
A Special-Use Permit (or Conditional Use Permit) is a right granted by a local zoning authority to conduct specific activities within a zoning district that require special approval.
Tract of Land: Definition and Applications
A comprehensive examination of 'Tract of Land,' its significance, types, and implications in real estate and land development.

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