Property Development Tips

Developing property often seems like an easy task to people who have not attempted to develop land. However, the process is quite extensive. Nonetheless, the rewards are worth the struggle. Should you want to delve into property development, below are a few things to consider. 

Check The Land Planning Laws

Does the government permit you to put up the development? There are numerous laws that developers must comply with. For example, the zoning laws will determine whether the development should be commercial, industrial or residential. Conversely, the building code dictates construction elements such as the building's size, height, orientation and foundation. 

Consider Geotechnical Surveys

Geotechnical surveys will inform you about the attributes of your land. For example, what is the type of soil on the plot? This can significantly influence the preparation works at the site, the building's foundation and structural weights. The surveyors can also inform you whether the area has natural minerals or underground hazards. For instance, it could be a reclaimed landfill. 

Engage A Lands Surveyor

A lands surveyor will help mark the property boundaries to ensure you do not build on your neighbour's property. Besides, they will inform you of the qualities of your plot. For example, does it sit on a flood plain? Do you need a stormwater drainage system? Should you be worried about disasters such as landslides and fires? The surveyor will also come in handy if you wish to subdivide the property. For instance, they will map out the property and create a viable subdivision plan. Usually, a subdivision is not created at the liberty of the property owner and surveyor. The surveyor follows the subdivision laws set by the local council. Although subdivisions increase the value and functionality of the development, securing new titles is a lengthy and technical process. Your surveyor will help out with every aspect of the subdivision process. 

Consider Designs That Stand Out

Although you might have a building design in mind, it is wise to consult with your architect and research to determine how you can make the property stand out. For instance, businesses and homeowners are increasingly concerned about energy consumption and water conversation. Therefore, your development should have energy-efficient features such as the use of solar roofing, double glazed windows, insulation and cladding. Besides, you eliminate interior walls to give tenants or new owners the freedom to design their spaces as they wish. 

Hire An Experienced Contractor

Hire an experienced contractor to execute the project. Preferably, your contractor should be tried and tested. Contact some of their clients and visit some of their sites to determine their ability to complete your project. Interview the professional to assess their financial situation, licencing and insurance. Besides, ask for a proposal, negotiate their terms and pricing. 

When developing your property, check the planning laws, consider geotechnical laws, go for modern designs and work with an experienced contractor.