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Updated almost 2 years ago,
Developing a 142 SFR subdivision outside Atlanta, how to structure builder takedown?
I just rezoned 142 SFR 45 minutes outside of Atlanta and I am trying to understand how to sell to builders. I am willing to wait through LDP and most builders will want a tranched takedown.
What is the normal percentage of hard money down for a phased takedown?
It sounds like I will need some site work for the whole site at the beginning so that the site is not impaired if they walk at some point in the project.
I am guessing the whole site will need to be cut/fill balanced, sewer and water mains run, all the streets rough graded, erosion control, stormwater management all in the first phase?
What else am I missing or should be asking for from the builders if they want the land in phases?
How do I make sure I am not at risk if they mess up stormwater management etc on the first phase when I still own the other 2 phases where there is an erosion or stormwater problem?
Thanks!