Definition and description of the process and the law
New homes is a term which implies all improvements carried out on land comprising erecting anything that is permanent in nature, for instance buildings, trees, fences among others. Development of land is done by real estate developers after purchasing land and thereafter building residential houses, industrial complexes, commercial and shopping structures, and others. The process of developing land involves collaboration with architecturers who design the proposed development and eventually after construction real estate brokers or developer’s company puts the building for sale. The process of development also necessitates following regulations set up by the real estate body to govern all transactions pertaining to residential and commercial structures (Jefferson, 2007).