Real Estate Developers Aren't All Bad Guys

The term "developer" has become the favoritesimple as a walk around a neighborhood to see
euphemism of the news outlets for the cause ofwhat people are interested in buying or as
all unwanted or undesirable growth. "Developerscomplex as a full-scale study of the trends in the
have plans for a new subdivision on 100 acres ofregion. Occasionally, speculators try new ideas, or
farmland"; "Development causes traffic woes";bring old ideas back. Disney's Celebration
and similar headlines are thrown at us every day.community outside of Orlando is an example of
Somehow, these reckless destroyers of theusing old town-planning ideas in a new
landscape are running amok in our communitydevelopment. They took a big risk, but it wasn't
without any regard to the citizens. They aredone without exhaustive research. They had a
referred to as if they were an evil force bent onpretty good idea that it was going to succeed
destroying the very ground under our feet.before they built it because their research told
I will be the first to admit that not all who build onthem that a market existed for it.
speculation are interested in creating lasting quality.When some people see that sign going up
And there are, without a doubt, a few bad applesannouncing a new housing development on the
out there who make all of our jobs more difficult.cornfield down the road they cry out that
But most real estate developers are not entitleddevelopers are tearing up farmland. It would be
to the "bad guy" monikers even if you don't likemuch more accurate to say that consumer
what they're building, for one simple reason: theydemand is tearing up farmland. It is never a
are building what we want where we want it.surprise to me when a hotly-debated rezoning
Most real estate speculators are developing landrequest goes through, one that was vigorously
for exactly what homebuyers are asking for:opposed by many members of the community,
bigger homes (even if it means sacrificing quality),that those new neighborhoods fill up rapidly.
more "features" (vaulted ceilings, round-topConsider this: when was the last time that you
windows, solid-surfaced countertops), and moresaw the lots in a new home development go
"curb appeal", even if it means no appealcompletely unsold? You may have treasured the
whatsoever on the other three sides of thesoybean field or the forest that had been there
house. Apparently, most people want widesince you moved to the area but there are many
streets, sidewalks, streetlights, and a landscapedothers who don't. If everyone held the opinion
grand entrance to the subdivision, and arethat houses shouldn't go there, the land would
apparently willing to trade off lot size for it.remain undeveloped. And yet, in our community,
In my business, I am in contact with real estatethey can't turn farmland into subdivisions fast
developers and home builders on a daily basis. Theenough. I don't like the quality of some of the
successful ones have at least one thing innew homes I see going up, but they are selling
common - they don't commit their money to anyfast-often before they are finished.
project without research. Research can be as