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This allows builders to offer lower prices, which in turn can make houses affordable to a larger percentage of the population. Early tract houses were often identical, but many tracts since the late 20th century have several designs and other variations in footprint, roof form, and materials, along with options such as garage bays, for a more ...
Hong Kong law Chapter 123F, Building (Planning) Regulations, Regulation 23 sect 3 sub-paragraph (a) defined that: Subject to sub-paragraph (b), for the purposes of regulations 19, 20, 21 and 22, the gross floor area of a building shall be the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with ...
Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of ...
The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 1 month ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
Some custom builders also build on land they own which is known as a spec home – short for speculative. Build unique houses. A custom home is a site-specific home built from a unique set of plans for the wishes of a specific client. Generally works collaboratively with an architect. Some custom builders may offer design/build services.
Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [ 1 ]
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In October 2014, the company purchased Oakmont Home Builders and expanded into North Carolina, South Carolina. [19] In 2015, LGI Homes expanded into Jacksonville, Florida, and Seattle, Washington. [20] In 2016, LGI Homes was named ProBuilder’s ‘Builder of the Year;’ [20] the company was active in 16 markets and 10 states. [20] [21]