Land Development Model, An Appraisal and Valuation Tool
This is a powerful, easy to use and inexpensive land development model. It is the result of an effort to create a model that:
1). Estimates the profitability of 'single and multi-phase' land subdivisions at once;
2). Extends analysis beyond 'gross profit' to 'profit before tax', resulting in an interest cost calculation based on the cumulative effect of fifteen land development components;
3). Allows for quick and easy 'what-if' analysis on all land development components above and below the gross profit level.
4). Can be used to estimate, support or extract land value.
5). Can be used to develop 'pro forma' financial statements.
The land development model requires Excel to run and is delivered over the internet at the time of purchase.
Structure of model
What you can do with the model
The land development model allows for one-step analysis of subdivisions with one, two, and three phases; or analysis of an unlimited number of phases one phase at a time.
Given the model's capacity for simple 'what-if' analysis over the full spectrum of land development components, combined with its user-friendly excel functionality, any number of related project scenarios and associated model results may easily be produced, compared, and saved under distinct filenames in a matter of minutes.
The land development model may be used by real estate appraisers, developers, builders, real estate agents, lenders, instructors or anyone having an interest in the subdivision process. A little real estate knowledge will be helpful but is certainly not necessary. A novice can work with this model. Once you work your way through the Input Page two or three times you will have it -- besides, in addition to a Model Consistency section, there is a "directing" and "correcting" prompt column that keeps you right on track.
A sample land development project - a tutorial - is incorporated to the website. It demonstrates first the input of land development components and second the significant output capacity of the model.
Note that the land development model is not intended to be a several hundred or multi thousand dollar software package, nor is it purported to be a substitute for such products. But unless you are in the business on a daily basis the cost of some products can be prohibitive - not to mention the steep learning curve that often comes with more sophisticated products. We think even the most experienced practitioners may find this model useful.
This model is straightforward, fast-working and inexpensive - and completely refundable if you are not satisfied with the product. Look again at what you can do with the model. It's a bargain.
If you wish to ask us a question about the model, 'Contact Us' and we will get back to you as soon as possible.
Land Development Model, LLC
302 West Lafayette Road
Medina, OH 44256