Location is the key to any property development, and your property developers in Sydney will attest to that, but, it’s not the only factor to consider while choosing a property development site. There are different elements that could impact the suitability and profitability of your property development in Sydney. Here we’ve listed a few tips to consider when choosing a property development site for your new property.
Location Is Key
As mentioned earlier, location is key when it comes to choosing a site for property development. If you are planning to rent or sell your property, the property development site you are choosing must be located close to amenities that would be valued by future residents and buyers of the property. In case of residential properties, it’d better if the location is nearer to schools, universities, transportation, medical facilities, groceries and parks, as these amenities would be incredibly beneficial for families.
The Slope of the Land
Considering the slope of the land is vital because it helps in drainage, stormwater runoff, and more. Many property developers in Sydney have stated that the biggest misconception amongst most people is the belief that flat land is better for property construction. According to them, buying land that has a slight slope is a better investment than a completely flat piece of land.
Depth of the Land
The depth of the land determines how many pieces of residential or commercial properties can fit into the land. When the piece of the land you are considering to purchase is deeper, it costs you more as you need to have a long driveway, run services such as sewer, water and gas, and more. This is the main factor that affects the value of your property, and it’s always better to consult your property manager in this before making a decision.
The Direction the Site Faces
If you are choosing the property site for building living spaces, it’s recommended to choose a site that faces north as it receives more natural light. It improves the energy rating of your which is loved by your future tenants and owners.
Elements on the Top of the Land
The top of the land decides the amount of money you’ll be spending before starting your construction project. If you have large trees, asbestos, or concrete slabs, they are expensive to remove which will vastly increase your site’s clearing costs.
The Bottom Line
Investing in property requires great knowledge, and relying solely on the location of the site isn’t going to work. Consider all the factors listed above to make a sound decision on buying a property site for construction. Contact us now for house and land packages in Sydney.