DELIVERY & MANAGEMENT

Evaluate all elements of property asset delivery, marketing, and management both in their component parts and as an integrated project to establish their alignment with market need, cost, efficiency, utility, performance, and compliance with regulatory agency requirements.

In order to deliver & manage a financially feasible asset, we must first establish its alignment with Need & Cost-Efficiency. In LDEV 668, I was assigned a Lot-Affordability project which did just that. Through this assignment, I determined the number of households, in my specific market area, that could possibly financially qualify to own homes in my proposed subdivision. To accomplish this task, assumptions were made regarding: housing costs as a percentage of Gross Income, current Mortgage-Financing parameters, and home Operating Costs. With this information, I was then able to determine the potential number of households that can afford each size of lot proposed to develop.

Upon completion of the project, it was clear to see just how important Niche & Quantified Demand can be within an individual market. After a 10% down payment on a home, I found that the minimum monthly income for a $325,000 home would estimate to roughly $10,000/month. This means that without a laser “alignment with market need, cost, efficiency, utility, performance & compliance” the lots within my proposed subdivision would not sell.

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