Residential Land Uses

  • Types of Residential Development
    • Single-family detached houses
    • Single-family attached houses
      • Row houses
      • Townhouses
      • Plexes
    • Multifamily residences
      • Condominium or cooperative forms of ownership
      • Condominium ownership of a unit
      • Cooperative ownership of stock in corporation that owns the property
    • Manufactured homes
    • Second homes
      • Market is different from primary-home market
      • Timeshare form of ownership is sometimes used
  • Market and Feasibility Analysis
    • Delineation of the market area
      • Determined by employment opportunities and commuting ranges
    • Analysis of recent economic trends in the local market area
    • Determination of future demand
    • Analysis of future supply
      • Potential demand
      • What lies beyond recent trends?
  • Financial Feasibility Analysis
    • The importance of market analysis
    • Three most important factors in real estate development are “the market, the market, and the market”
    • See:
      • Case Study “Milford Hills Saga”
      • Table 11.1 Milford Hills Project – Projected Development Expenses
      • Table 11.2 Milford Hills Development – Pro Forma Cash Flow Statement