Property Development

Realtors Limited and their goal in Property Development is to help private developers and personal owners plan and layout residential communities to provide needed housing with minimal environmental degradation whilst maximizing their return on the investment.

This is an area of the property market in Barbados that the company anticipates will continue to expand on the island and Realtors is therefore prepared to offer the most comprehensive range of services to assist you in this area.

We work tirelessly designing residential subdivisions, obtaining regulatory approvals/permits, and constructing the infrastructure even though it is the most time consuming, costly, and complex aspects of the real estate industry.

With over fifty years experience in using the management tools necessary to be financially successful at buying, designing, and developing land for residential uses, we are able to directly incorporate the forms, contracts, schedules, management techniques, and business strategies into our business so that our service to you is par excellence.

These may include but are not limited to the following:

- Builder/developer industry and business overview
- Site selection process
- Conceptual design
- Design teams
- Approval strategies
- Land development operations
- Land development management

Housing projects are created by a variety of professionals that must work in concert with each other to achieve a financial and marketable residential subdivision.

The land development industry is changing and our work at Realtors Limited incorporates the use of proven techniques for all of our professionals to use in your project.

The land development process seeks to ensure that quality living environments are constructed to the benefit of the homeowner, and our professionals at Realtors have embodied that into every aspect of their activity for their customers.

Realtors Limited is able to work with you to generally be able to construct a model that helps you with developing land.

There is a skill in a developer purchasing land and then developing the property into buildable lots. Successful developers will design, construct and convey subdivided land and make profit.

The primary role of the land developer is to continuously maintain an inventory of buildable lots for housing construction. Not unlike any other industry, buying land and developing a product for the market place requires good business judgment and a keen sense.

If you are building a residential subdivision, you have to define the house style that will allow you uniqueness in the development. Good developers ask themselves hundred of questions during the planning of a development and aspects of demographics and psychographics both need to be considered when defining a neighbourhood.

Some of our other duties involve checking on comparable land values to ensure that the price is consistent with other subdivisions.

There are many obstacles between the purchase of raw land and a prosperous completion to a project. Realtors Limited values the pivotal role of research in land developing.

It is often deep research that turns up outstanding deals. Rarely is a prime deal advertised for sale in a newspaper.

A successful land development project is judged by knowing when lots will be released for sale, knowing how quickly the lots can be absorbed by the market place, and delivering the project on time.

Why would anyone get into land developing Money is of course a major motivator, and there can be a lot of money in developing raw land.

The profit potential of land development is incredible although there is substantial risk attached to some development deals.

How do we transform undeveloped land into residential communities that make localities proud and help our clients succeed

At Realtors Limited we would start with an experienced team of licensed Professional Engineers and Landscape Architects.

1. Prepare a tentative plan or subdivision layout of the overall future residential community.
2. Prepare detailed construction plans.
3. Work through final approvals.
4. Consult during the actual construction.

Our real joy in this process is the long term relationships that we develop with our clients. Over the course of several years we often attend games, weddings, and other occasions with our clients. Because we live in the communities we help create, our efforts become much more than just a job.

Some of the featured developments of Realtors Limited are Coral Cove and Palm Beach on the West and South Coasts respectively, as well as Haylie Brae, the residential development in the charming Rendevous Ridge, overlooking the Rockley Golf Club.

We are further expanding in response to the rapid growth of the construction industry in Barbados. Having identified a gap in the market for a professional and personalised service in this area, Realtors Limited seeks to provide housing with minimal environmental impact and maximum return on investment.

While not giving all our secrets away, we will share with you some points to note when involved in Land and Residential Development.

- Rent and sell

It is important to develop land in to property that is suitable for both resell and rental so as to maximise your opportunity for profit. The two markets do not necessarily go in the same directions; often as one declines the other will pick up.

- Location, location, location!

Barbados is already fortunate to be the island in the sun; the challenge is now finding the best location in what is already considered a paradise. However, it is important to remember different people value location in different ways so, for example, young professionals want to get into the business centres but families with children tend to avoid living by main roads and would favour security and privacy for their family.

- Get moving

When you have found the land or property you think has potential do not hang around. Realtors Limited suggests finding a conveyancer who can turn things around as quick as possible. It may be more cost effective to employ people to do the work for you. Even if you have excellent do-it-yourself skills, the sooner the property is finished, the sooner you can make a return on your investment.