Why do residential developers prefer large exurban lots?
Author InfoRayman Mohamed Abstract It is not yet completely understood how on-site costs for infrastructures in residential developments vary with lot size and how developers respond to this relationship. Utilizing data from public records of costs for constructing twenty-eight subdivisions in South Kingstown, RI, this paper examines how developers’ on-site costs per lot for sewer and water services and roads vary with lot size. Contrary to previous results, this study finds that these on-site costs per lot can decrease as lot sizes increase. The literature on decision making by developers suggests that this cost relationship can be advantageous to small satisficing developers, leading them to prefer larger lots. To encourage small developers to build denser developments on smaller lots, local governments should consider incurring the upfront costs of certain on-site infrastructures and be reimbursed by developers when the lots are sold. Download InfoTo download: If you experience prob
Related Questions
- What is the maximum length of a cul-de-sac street for residential subdivisions and what is the maximum number of residential lots that can be built along a cul-de-sac street?
- Which type of large electric motor (>500 HP) applications require/ prefer DC motors and Which AC?
- Why do hindus prefer convent schools for educations when there are lots of ...?
