How to Partner with a Developer to Make the Most of Your Land

You have choices when it comes to your building project. You can develop the project yourself or partner with a developer who can manage the real estate development project properly and help you make the most of your land. 

If you’re new to the process or don’t have the right background to complete the build then it’s wise to hire and work with a developer. Especially with this housing market, finding a Home Builder in Columbia, SC would make all the difference. Learn more about how to partner with a developer and the benefits of doing so.

Getting Your Project Built

The heavy lifting and hard work will begin once you determine that it is time to move forward with a major development project, and you may need help in completing it in full. Essentially there are two paths you can choose to get your project built. You can either borrow money and own the property and hire a project manager or a developer to manage the project, or you can partner with a developer to build your building and lease it to you. 

Consider including a purchase option in the deal if you may want to buy your building from the developer in the future. In most cases, you’ll require a developer to help you manage the project and ensure it’s done right.  

The Process of Selecting the Right Partner

You can partner with a developer to make the most out of your land by choosing the right person or company for the job. You want your developer to have a large range of land and attractive parcels of land to choose from. 

Your partner must be knowledgeable about locating the best parcels for future growth and development. Your future depends upon your developer’s ability to select these locations and align them with your business growth.

What to Look for in A Partner

There are a few qualities and must-haves your developer should have. For instance, you’ll want to select a partner with a highly professional management team that can get the job done right. Choose a partner that has a deep history and previous projects they can show you as examples. 

You want them to have persevered through the years and someone that continues to be successful in the industry. Make sure there’s a single point of contact for communicating and someone who can see you through the entire development process. You may also want your developer to offer a range of services to help you make the most of your land. A few of these you should consider them having are as follows:

·         Site evaluation

·         Environmental assessment

·         Land acquisition

·         Master planning and design

·         Construction

·         Financing/leasing

·         Property management/Property taxes