Checklist for Land Purchase is a critical step for anyone considering a land acquisition. At Developers Research, we’ve been trusted for over two decades by leading real estate developers, homebuilders, and financial institutions to provide the accurate information needed before making investment decisions. From detailed cost models to full site inspections, our services guide you through every step of your land purchase journey. We help identify risks, confirm budgets, and ensure you have a clear understanding of the property’s potential before you commit.
1. Due Diligence Review
Before purchasing land, understanding its current status is essential. Our due diligence process includes researching utility availability, reviewing entitlements, examining CC&Rs, and estimating bonds. This step gives us a clear picture of possible challenges and opportunities.
2. Land Development Evaluation
We create project-specific Excel-based cost models that outline budgets, absorption schedules, cash flow, and IRR projections. These evaluations are based on real bids, takeoffs, and decades of historical data to ensure the most accurate budget possible.
3. Earthwork Grading Analysis
Our team uses 3D modeling to calculate cut and fill quantities, evaluate drainage flows, and identify grading needs. This analysis helps make grading plans efficient, cost-effective, and suitable for the intended development.
4. Impact Fee Assessment
Impact fees can significantly affect the cost of your project. Developers Research has a private database of city, county, school, and utility fees that is regularly updated. This makes sure your budget shows the most recent fee information.
5. Peer Review of Existing Budgets
If you already have a budget prepared, our peer review service compares it to market benchmarks and our in-house data. We prepare variance reports and recommendations that improve accuracy and reduce risk before finalizing your purchase.
6. Site Inspection Services
A physical site inspection verifies the property’s condition, grading status, and infrastructure progress. Our monthly or milestone-based inspection reports are trusted by lenders and equity partners to confirm development milestones and support payment disbursements.
For over 20 years, Developers Research has been a reliable partner for the top real estate developers, homebuilders, and financial institutions in the country. We have a proven track record on over 8,000 projects across the United States. We specialize in providing clear construction cost analyses, 3D earthwork and grading evaluations, impact fee assessments, and thorough due diligence reviews. Our focus on accuracy, new ideas, and client success makes sure that every land development project we support has reliable data, expert insight, and decades of industry experience.
Each step of this checklist for land purchase addresses a key part of the buying process. Skipping any stage could result in unexpected costs, project delays, or reduced profits. With Developers Research, you get a team that offers technical expertise, industry experience, and current market data to support your decision-making.
A successful land purchase isn’t just about finding the right property. It’s also about making sure every factor has been checked, confirmed, and planned. Developers Research gives you the clarity and confidence to move forward.
Contact our team today to start your next land purchase backed by years of proven experience and trusted industry expertise.