What does tract building involve in real estate development?

Tract building in real estate development refers specifically to the process of recording a subdivision plat map, which outlines how land is divided into lots for development, and utilizing a model center for sales to showcase the homes that will be built. This process typically involves the development of multiple homes within a designated area, often in a planned community format, appealing to buyers through the availability of model homes that illustrate the design and features of the properties.

Creating a subdivision plat map is a critical aspect of tract building, as it establishes the legal parameters for property ownership and development within the area. The model center plays an essential role in marketing the homes to potential buyers, providing them with a tangible example of the type of living environment they can expect once the development is complete. This approach allows buyers to visualize their future homes and fosters a sense of community among potential residents.

The other options suggest different aspects of real estate that are not specific to the concept of tract building, emphasizing single-family homes, regulatory oversight, or limiting development focus to urban properties, none of which represent the comprehensive nature of tract building practices.