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New subdivisions with large lots
Posted on 10/6/21 at 7:35 pm
Posted on 10/6/21 at 7:35 pm
Why is it so difficult to find new subdivisions with lots a 1/2 acre or larger? Every new subdivision being developed right now is postage stamp size lot. I know builders get more bang for their buck the more houses they squeeze in but we can’t be the only ones wanting a nice size lot in a subdivision for our kids to play. So frustrating!
Posted on 10/6/21 at 7:38 pm to lsugrldej8
quote:
Why is it so difficult to find new subdivisions with lots a 1/2 acre or larger?
MONEY!!!
and if I had the money and resources, and was a developer... I'd strive to develop subdivisions with two options, 3/4 acre or 1 acre.
Posted on 10/6/21 at 7:55 pm to SouthernInsanity
Yeah it’s crazy they cram 200 houses on 50 acres but can’t have 30-40 houses on that same 50 acres. We keep hoping something will come available but every white proposed development sign we have seen we’ve called and all a tiny lots.
This is exactly what we are looking for and we assumed more people were as well.
quote:
I'd strive to develop subdivisions with two options, 3/4 acre or 1 acre
This is exactly what we are looking for and we assumed more people were as well.
This post was edited on 10/6/21 at 7:57 pm
Posted on 10/6/21 at 8:09 pm to lsugrldej8
It's about profit. They can sell 5 houses in 1 acre for total of 2 million easily.
Will you pay 2 million for one house in an acre lot?
Will you pay 2 million for one house in an acre lot?
This post was edited on 10/6/21 at 8:10 pm
Posted on 10/6/21 at 8:14 pm to glorymanutdtiger
Oh I know it’s about profit and that’s the reason but it just sucks for people who want a larger piece of land.
Posted on 10/6/21 at 8:18 pm to lsugrldej8
Because with all the government regulations these days you can't develop 1/2 acre lots and make a profit.
Posted on 10/6/21 at 8:28 pm to CWS91
Buy a couple lots!
We have 1 acre lots at our new house. We bought the lot next to us as well
We have 1 acre lots at our new house. We bought the lot next to us as well
Posted on 10/6/21 at 9:16 pm to lsugrldej8
Yeah I do t get why people go nuts for those small arse yards. If you’re old it makes sense but I see young couples with kids buying them and they hardly have a backyard.
I live in a neighborhood with 1/2 acre lots and the prices these houses have been selling at are ridiculous. It makes me want to sell ours, buy 10 acres a little further out and park a trailer on it for a few years until we can build.
I live in a neighborhood with 1/2 acre lots and the prices these houses have been selling at are ridiculous. It makes me want to sell ours, buy 10 acres a little further out and park a trailer on it for a few years until we can build.
Posted on 10/6/21 at 9:42 pm to glorymanutdtiger
quote:
It's about profit. They can sell 5 houses in 1 acre for total of 2 million easily.
Will you pay 2 million for one house in an acre lot?
I was going to post that new construction on 1+ acre comes with a million dollar house... or more.
Posted on 10/6/21 at 10:05 pm to lsugrldej8
Even if you can find land at reasonable price, the cost to build street with underground drainage and curb and gutter, water, sewer, electric, gas etc. is expensive - you either pour 200’ roads and get 8 lots at 50’ (4 on each side of road), or 2 lots at 200’ (1 on each side). The market is bigger for cheaper lots, so developers have to try to make them cheaper by decreasing frontage feet
Posted on 10/7/21 at 8:23 am to lsugrldej8
I guess it depends on where you are and where you want to be. Grant Parish has a good inventory of acre lots
Posted on 10/7/21 at 8:55 am to lsugrldej8
1) In my work I see lots of larger residential lots available, mostly in rural areas and not close to most stuff.
2) Its market economics for land owners and developers, and also the cost of amenities. Putting in curb and gutter, sidewalks, municipal sewer, streetlights, drainage infrastructure, etc., gets really expensive and will be passed on to the cost of the land, so its harder to sell/develop land in large lot subdivisions at the right price point.
3) From my limited experience in other parts of the country, maintenance/HOA costs for larger lot subdivisions can be very expensive, mostly due to simple math. Less homeowners to pay in, still a lot of land, property, amenities to maintain, especially if community recreation amenities are required.
All of this together makes it tough, especially when local zoning rules allow smaller lots.
2) Its market economics for land owners and developers, and also the cost of amenities. Putting in curb and gutter, sidewalks, municipal sewer, streetlights, drainage infrastructure, etc., gets really expensive and will be passed on to the cost of the land, so its harder to sell/develop land in large lot subdivisions at the right price point.
3) From my limited experience in other parts of the country, maintenance/HOA costs for larger lot subdivisions can be very expensive, mostly due to simple math. Less homeowners to pay in, still a lot of land, property, amenities to maintain, especially if community recreation amenities are required.
All of this together makes it tough, especially when local zoning rules allow smaller lots.
Posted on 10/7/21 at 9:07 am to lsugrldej8
It isn't just developer profit. Governmental entities and utilities prefer more densely populated developments because it reduces the cost of utility service, like sewer, water, electric and gas lines, and street maintenance costs. Longer runs on the street side of the meter and longer streets are much more expensive in the long run for utilities and governmental entities. Also, while developers absorb most of the initial cost of construction, the long term costs are much greater as the streets need to be repaired and the utilities need to be upgraded and maintained.
Developers don't get to approve their own developments. The zoning and permitting entities have the final say. They set the standards.
Developers don't get to approve their own developments. The zoning and permitting entities have the final say. They set the standards.
Posted on 10/7/21 at 9:36 am to lsugrldej8
It’s sucks, but you either have to buy land away from town or accept you buy in an older neighborhood with bigger lots.
Posted on 10/7/21 at 9:40 am to lsugrldej8
Ascension is doing a subdivision in St. Amant that is a minimum 1 acre up to 3.5 acres. Highly unusual and probably wont' happen again any time soon.
Posted on 10/7/21 at 9:49 am to jojothetireguy
quote:
Ascension is doing a subdivision in St. Amant that is a minimum 1 acre up to 3.5 acres. Highly unusual and probably wont' happen again any time soon.
Yeah I have seen 1 or 2 in my area doing up to 5 or 6 acre lots.
Posted on 10/7/21 at 10:08 am to jojothetireguy
quote:
Ascension is doing a subdivision in St. Amant that is a minimum 1 acre up to 3.5 acres
That’s awesome! We are looking for something in Livingston or we would be looking into that. It’s just so hard to find.
Posted on 10/7/21 at 10:10 am to BallsEleven
quote:
Yeah I have seen 1 or 2 in my area doing up to 5 or 6 acre lots.
One quick point here, before purchasing in a subdivision like this please check the local zoning rules. I've seen large lots purchased in a "neighborhood" that are later re-subdivided into several smaller lots, often as an administrative approval with no public hearing since the infrastructure might already be there.
Posted on 10/7/21 at 5:02 pm to lsugrldej8
Cause it’s great living a few feet from loud neighbors and their barking dogs.
Posted on 10/7/21 at 5:04 pm to lsugrldej8
quote:
That’s awesome! We are looking for something in Livingston or we would be looking into that. It’s just so hard to find.
Check Harrells Ferry Landing on 4H. Big lots. :)
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