Process of developing a piece of property?

[argos]

What are the steps involved in developing a piece of real estate property from start to finish?

Let's use a residential condominium development as an example:
1) investigate into potential properties (e.g., zoning, height restriction, etc.)
2) bidding/purchasing a piece of property
3) plan and design
4) approval from neighbours, city councilors and OMB(?)
5) pre-construction sales
6) construction begins
7) occupancy/interim closing
8) final closing/building registration


(These are just from my guess, i'm sure there is a lot of details missing.)

Please feel free to add to/revise the list (more detail the better).

 

[Mr.Colley]

What are the steps involved in developing a piece of real estate property from start to finish?

Let's use a residential condominium development as an example:
1) investigate into potential properties (e.g., zoning, height restriction, etc.)
2) bidding/purchasing a piece of property
3) plan and design
4) approval from neighbours, city councilors and OMB(?)
5) pre-construction sales
6) construction begins
7) occupancy/interim closing
8) final closing/building registration


(These are just from my guess, i'm sure there is a lot of details missing.)

Please feel free to add to/revise the list (more detail the better).

Your going to want to look into future potention and planned building projects as well, as often these get overlooked and your prime location won't be prime in a few years... be careful of this.