THE PROCESS
If you have land, we can make a plan for that land…
Each piece of land is unique – the location, the topography, buyer demographics, recreational opportunities, availability of water, attitudes of the local building department and community when it comes to building recreation-based communities, and, of course, the potential for profit.
Below is our process, from Concept Assessment to full buildout and sale.
Our goal is to utilize our development knowledge and market research to help maximize your land’s potential.
CONCEPT ASSESSMENT
Land Review
We’ll take a look at your land and the surrounding community to see if there is magic that can be uncovered.
Assets and Threats
What are some of the biggest benefits to utilizing your land for a development? What are the threats? How can we mitigate the threats or turn them into opportunities?
Your Goals
What are YOUR vision and goals for the land? Are you strictly looking for a profitable development or do you have something specific in mind? We want to understand everything you are bringing to the table so we can make a plan.
BUILDABILITY ASSESSMENT
Development Positivity
How difficult or easy it is to build a development is not only based on the nature of the land, but the nature of the local building department process and regulations.
Critical Areas, Stormwater, and Environmental Concerns
Land is rarely flat with no critical areas. We will do a preliminary feasibility analysis that will identify potential hurdles that will have to be overcome.
Infrastructure
Additionally, we will also identify infrastructure needs including the ability to build roads and install utilities.
PROFITABILITY ASSESSMENT
Buyer Demographics
The most profitable communities start with the buyer demographics and work backwards. Once we have this target in mind, we can determine what this demographic wants and needs in a community. We will also present what makes a development irresistible to the target in order to maximize revenue.
Sales and Economic Research
Knowing our buyer demographic is just one part of the puzzle. Confirming that the demographic is indeed buying in the area, that the employment and population numbers are stable or growing, and that demand will continue is key.
Crunch the Numbers
Combining what we have learned from our Concept and Buildability Assessments as well as our Demographic and Sales Research, we will work on our projections, income, and expenses, and adjust accordingly.
When we get to this point, we will collectively decide whether the project is viable!
If the project is viable, we will create a full project plan – for additional reports that are needed, information needed for planning department approval and permitting, infrastructure, amenity development, and, of course, creating a custom collection of homes that are perfect for the community and the target demographic. Below are the roles and responsibilities we will be pulling together on the build!
ROLES & RESPONSIBILITIES
Landowner and Primary Developer
As the landowner, we want your input and your vision. Did you have a resort-type of community with pickleball courts and a pool? A tucked-away retreat along the river complete with dock? We will pair your vision with the details to ensure maximum profitability. As the primary developer, our goal is to support you by providing documentation for funding options and our responsibility is to keep the project on track.
Community Designer
New Home Strategists led by Denise Lones is our visionary for the community. She has been instrumental in assisting developers get top dollar by focusing on targeted amenities, making slight adjustments to community flow that yield strong results, understands what buyers are searching and paying top dollar for and how to work with a property’s topography, assets, and area attractions to create a community that sings.
Land Engineer & Infrastructure
New Home Strategists and West Coast Homes have partnered with a Whatcom County land engineer who has been involved in numerous projects throughout the state from small, single lot developments to communities of hundreds. His creative problem-solving, foresight, and attention to detail has saved our team and clients thousands of dollars. Collectively we will get the job done right!
Site Work
When possible, utilizing West Coast Homes’ parent company, Faber Construction, to do the site work will be a strategy to employ. This allows them to have boots on the ground before we go vertical so they can troubleshoot any potential problems OR provide proactive solutions that will save development funds in the long run.
Builder and Project Manager
West Coast Homes will supply the houses for the community. With modular and cottage-style home models available, if your community calls for an efficient product or even something a little larger, WCH delivers!
We will also serve as project manager for the entire vertical build, coordinating efforts between builder and subs as needed.
Sales Team
Once the development is ready for the market, our team will handle the marketing, contracts, signage, website, and everything needed to make your community rollout a success. We will hire and work with the sales team and real estate professionals to attract the most potential buyers to the development and close transactions until the final house is sold and delivered.
GOING HORIZONTAL – GOING VERTICAL – FULL BUILDOUT
Clearing, infrastructure, going vertical, development sales to full buildout, we are there every step of the way, strategizing to make your development dollars go further!