We are redefining contemporary living
Palm Bay Developments expects to build economically-sound lifestyle houses, by building environmentally-sound homes. Our staff are real estate savvy and have been in the business with a combined timeline of 70 plus years.
We love to build custom homes so that people can enjoy the benefits of homes that are built to suit.. Since the costs associated with home construction are typically covered by buyer financing, our team will assist with all scenarios from start to finish, with design, architecture, permits, and discussion with regards to flips, remodels and or upgrades for investors, or market rentals.
All property will be sold through a licensed Real Estate Agent, which are a part of our team. Proceeds will be used to satisfy obligations to creditors and any surplus will be returned to Palm Bay Developments as we are the developers for all projects and our clients come first.
Developers
Everything they do with building your home starts with the land. Real estate developers are constantly looking for available land (or property not yet on the market) that’s suitable for a new home neighbourhood. That might be an open field, wooded land or a mountainous area with dramatic views.
As developers they may invest years — and large amounts of money — patiently acquiring individual parcels of land from many owners, assembling the final building site for a large new home community.
They develop or create an overall plan for the community that includes the type of homebuyers to target and thus what types of new homes to build. Based on this information, the developer then selects builders for the new community and creates a detailed master plan that identifies the size, type, and price range of new homes to be built.
Next, the developer will prepare the site for building. In many cases, the first step is obtaining entitlements — government approvals needed to build on the property. The site may need to be re-zoned for single-family and/or multi-family homes. And since new homes bring an influx of new students, the local school board may need to sign off on the project.
Once the neighbourhood’s master plan has been approved, the developer will have the land graded for proper drainage and erosion control and install the community’s roads and underground infrastructure such as water, sewer and utilities. Next, come streets, curbs, sidewalks, street lights, signs, and fire hydrants — all the important details that create a community, which builders and ultimately homeowners will share and rely upon.
The developer may also provide community amenities — such as a community clubhouse, pool, fitness center, walking trails, playground or even a dog park.
When these steps have been completed, the developer generally sells so-called finished lots to home builders who are approved to build in the community.
One of the builder’s first tasks in a new master-planned community is to finalize a library of new home plans to be built. These are based on the target buyer, the agreed-upon price range, the region of the country (home styles vary dramatically from BC to Ontario, for example) and the topography of the land. Hence one of a builder’s first decisions after agreeing to build in a given new home community is what types of homes to build there. Which leads us to….the architect.