Subdividing - Selling Lots vs Building Houses

[David Casey]

Hello,  I have a 15 plus acre piece of land that I would like to subdivide and im trying to get some ideas on the best way to proceed.  I’ll have to bring in partners for sure.  I effectively own the land outright and would bring that to the table.  I bought land with a house where I presently live.   My driveway would need to be converted into a town road or private way, there are  2 hydrants on the property  already with 1  septic for our house.  There is a utility easement for Power and Cable.  Note:  I have some experience in small multi family construction and renovation.  I’ve also carved up a few small single family lots over the yers.  The concept of doing a larger subdivision is new to me but I wanted to take on a bigger challenge.  I’m open to any / all suggestions on how best to proceed. So far I hired an engineer who is flagging wet lands, doing boundary work and creating digital topo maps.   Note the market nearby is very hot, very few homes on the market and I was considering 55 plus housing to gain density plus address the lack of options serving  this demographic. Thanks, David 

[Barry Ruby]

@David Casey David, you need to learn how to determine the highest and best use of the property and run proforma analysis before spending time and money on 3rd party consultants.

Let me know if you need any help doing that.