CONSERVATION SUBDIVISIONS - 9

CONSERVATION SUBDIVISIONS
GOOD FOR THE LAND, GOOD FOR THE POCKETBOOK

By Steve Wright

SOME BENEFITS OF CONSERVATION DESIGN
(adapted from the writings of Randall Arendt)

1. Greater flexibility in lot sizes allows developers to create more compact lots. Conservation design can be used are serviced by municipal water/sewer, where lots are typically reduced from 20,000 square feet 12,000 square feet. Compact lots are a benefit to empty-nesters who wish to minimize their routine outdoor maintenance work (mowing lawns, raking leaves, etc.). It also enables developers to take far greater advantage of special places on the property (such as knolls offering views of ponds, meadows, etc.) by siting a larger number of narrower lots there than would ordinarily be possible.

2. The ability to divide and sell parts of the protected open space as "conservancy lots" enables developers to tap into the higher-end Country-Property market, boosting profit margin and also adding value to all lots in their vicinity.

3. Reduced site grading costs are another "hidden incentive." This enables large tree preservation, which retains the value that such trees add to the neighborhood.

4. Reduced street costs are sometimes another benefit, via wider street layouts permitting shorter streets.

5. Greater attractiveness, provided by the open space, is another benefit having direct economic value. Conservation lots sell for a higher price compared to house lots without open space, such as those in conventional subdivisions.

6. Faster absorption rates are another economic advantage created when significant amounts of open space are preserved. Conservation lots sell out faster when placed on the market.

TOMORROW: Conservation Subdivision resources

Wright frequently writes about smart growth and sustainable communities. He and his wife live in a restored historic home in the heart of Miami’s Little Havana. Contact him at: stevewright64@yahoo.com