New to development? Need a simple how-to guide on finding a profitable plot of land for development? Read on . . .
Location, location, location
When considering what block of land to buy, never underestimate the location of the land. The location is important as choosing land in a poor location will affect whether your development is successful or not. Before buying, you need to undertake thorough research on the area you want to buy in and surrounding areas to see what will be more profitable in the future. Whilst this can be an overwhelming step as you might be considering various locations, try and narrow your search by only researching areas which will suit the type of development you are planning.
Zoning
It is important to consider the laws and regulations for the area you want to buy a plot of land in to ensure that your development will not be met with challenges and headaches which could have been avoided if you had bought land somewhere else.
Price
An essential step is to consider the total price of the development and whether buying a plot of land is within your financial capacity. Most importantly, you must plan when you need to start making a profit from your development and if this is in line with your future estimations and project timeline.
Access to site
You must also consider if it is easy to access the land and if this is something which could deter possible future owners.
Block Shape
If you already have a design idea, you need to make sure that the shape of the block you are considering is going to support this. Blocks on a slope can impact costs and require a lot more work than a flat plot of land. If you are unsure if the shape and type of block is suitable for your design, then contact the survey professionals at Horizon Surveys.
Why you should contact us at Horizon Surveys
Although there is a lot of research you can do on your own, there are still some essential steps which need to be assessed by a professional. Surveyors can determine the topography of the land, value the land and advise on any areas you are concerned about. Clear communication with a surveyor on what you are intending to develop, paired with their expertise will give you a great foundation to lead you to success.
Seeking help from professionals is always a good idea. Cutting corners can lead to bad business decisions and can often be financially detrimental. Horizon Surveys have almost 40 years’ experience and they use their experience to help you become a successful land developer. Based right here in Perth, Horizon Surveys offer a range of services, including feature, identification and strata surveys.
We are also experienced in subdivisions and the standards and requirements which must be met for subdividing land in Western Australia.
Contact a member of our team today to find out more about how Horizon Survey can provide you with affordable access to the best surveyors in Perth.
