City Infill Lots:
In addition to being land investors, we are home builders too. We don’t develop entire housing additions. We prefer building where the land is already ready to build, and that is usually found in the inner city core. This is a much more efficient use of available resources, since these lots are largely ready to build on. We get many of our vacant lots from county tax sales. But there are only so many available to buy every year. So we also work with private owners to buy vacant lots to meet the demand of the housing market.
We also partner or trade with other builders. Builders are busy people, so acquiring new lots to build homes on is always challenging. But we love to work with smaller mom-and-pop builders to supply them with buildable lots so they can grow their businesses. We do this by partnering with them in providing the lots, and they do the building. We also trade with them, lots for finished homes. We can’t build on all the lots we buy, so we make them available at times as packages to builders that need them through strategic partnerships or trades, making it a win for all involved.
Coming from the house business, we have always known the challenges builders face. Since we build houses too, we understand that there is a shortage of buildable sites available. Indeed, the country is currently facing a housing shortage. Demand for homes is high, but just the entitlements process alone causes new housing developments to take years just to get off the ground. Also, the majority of buildable lots are developed by a handful of large development companies. And sometimes building in those new housing additions is an exclusive club for a select few builders.
But building on inner city infill lots is a great way for smaller mom-and-pop builders to get their foot in the door. And the benefits of building on infill lots are many:
- They’re already developed, so the entitlements process can be skipped
- Permitting is faster and more efficient
- Lot splits can increase the number of homes to be built if the lot qualifies
- Utilities are usually already available
- Access to existing infrastructure such as roads, schools, shopping, and emergency services are present or nearby already
- Reduced urban sprawl
- Land conservation in undeveloped areas
- Reduced environmental impact by minimizing the need for new costly energy expansions
- Cost saving due to efficiency can be passed on to the new homeowners
- Revitalizes neighborhoods and raises values of existing homes
The list is endless. If you have an infill lot that you no longer want, call or text us anytime for a free quote. Or simply fill out the form at the top right. We’d love to work with you on your vacant lot to get you cash quickly.
David Scruggs
Spirit Land Company
(405) 355-3500