The construction industry has been constantly growing over the past 10 years. Today, there are many companies with specialized knowledge in constructing residential buildings. However, most of them are too expensive for an average person wanting to invest in this business. This article covers what you need to know about building a housing estate.
Basic Concept of Housing Estates
The process of building a housing estate is fairly complex and requires a lot of people, time and money. There are typically three different phases in the process:
1) Planning and designing,
2) Construction and building,
The first phase commences with developers deciding the location for their project, which is heavily reliant on various guidelines and regulations. The next step involves designing what type of housing will be built at the site. The third phase involves developing infrastructure for the new community, such as roads, water supply systems, sewage treatment plants etc., while the fourth phase entails ‘occupying’ the estate with residents when construction is complete.
The Challenges of Building a Housing Estate
In the 1950s, the United States government used a “slum clearance” programme to replace old, dilapidated housing complexes with new, spacious residential estates.
This policy was known as “urban renewal” and many of these housing estates were built on the outskirts of large cities.
But as the years passed, social issues emerged and it became clear that these estates were poorly planned and had many problems. This is certainly something we can learn from for future developments.
How to Choose the Best Land for Your Housing Estate
Urban planners need to consider many factors, including geographical location, before deciding where to build a housing estate.
If you are looking for a place that is close to the centre, you will likely have to sacrifice some space. On the other hand, if you are looking for space along with proximity to the city centre then it will be hard for you to find both in one place.
The best location for housing estates is usually one that provides easy access to transportation and has good access to amenities like schools and shopping centres.
How to build a housing estate
The first step is to identify the land where the housing estate will be built. The land should be flat and made of solid ground. Of course, depending on your country you have to keep in mind local laws for constructing housing estates. You might need to apply for certain permits beforehand.
The next step is to construct roads that will divide up the land, this will organise it into smaller sections, which are easier to build on.
A third step would be to construct sewerage systems for water drainage and sewage, electricity poles and wires, gas pipes, telephone lines and TV cables.
Finally, you would put in roads again which are for general use as well as paths or footpaths.
How to make a profit from your housing estate
Housing estates are a booming industry. However, many people are not sure how to make money from their housing estates.
The article will explore some of the best ways to earn money with your housing estate. There are many options out there that you might not have thought about before.
Besides selling the lands and or houses one could lease the space for retail shops, converting homes into serviced apartments, or renting out space for filming and photography shoots.
One of the main factors of success is the right presentation of your project. In case you want to sell houses off-plan for example a good 3D visualization is a must.
Conclusion: How to Make a Housing Estate
This article covered everything that an aspiring investor would need before starting with this type of business venture. One has to carefully plan and calculate beforehand, as well as look at the legal end of things. There are a lot of benefits but as there is also a lot of money involved things have to be taken serious and well planned to be successful.
Are you looking to do a housing estate or you already did, share your experience and leave a coment below!
Image by Jonathan Wilkins on Pixabay