New land development sites are gaining more and more popularity among property investors all over Australia as well as home buyers. Most of these buyers are on the lookout for large plots of land that can be developed into a brand new home. Development sites in Gold Coast, Sydney and all other parts of the country offer a much different lifestyle in comparison to established properties. For starters, development sites offer plenty of open space and the possibility of the neighbourhood developing along with the site and other sites like it.
According to the experts at Capital Wealth Property, a new development site needs to be well-researched before making a commitment. Here are some important things to consider,
Do your research on the developer
Pretty much every property developer has their information online now. Simply visit their website and learn all you can about their operations, the company ethos, the developments they have completed and the developments they have underway. Check their reviews and the opinions of clients to understand their reputation. Don’t forget to look into the design guidelines as well.
Visit a few development sites
This is a must for first time developers as well as all other developers. What you see in the expertly photographer brochures and websites may be different in person. Make sure to assess the site by visiting it at least once.
Regard the master plan
The master plan will provide you with a range of details such as the lifestyle of the site, the prices of the houses and details about medium density houses. Make sure to look into the parking space in high density areas as this will be a key determining factor to what the area’s traffic situation will be. Pay attention to the spaces allocated for public recreation such as parks, cycling tracks, sports fields as well as community facilities. All of these details will matter a great deal to your future lifestyle at this community.
Research the proposed infrastructure
The value of your property will depend on the infrastructure that surrounds it. If it is located a significant distance away from the centre of a city, look into the available transportation options and the options planned for the future. You can check with the relevant state authorities to learn more about these plans. Thinking ahead will help you determine whether the property will increase in value in the future.
Capital Wealth Property can help you choose the ideal development sites to suit your needs. We only focus on the most promising locations when we present our development sites in Gold Coast, Sydney and other parts of Australia. Contact us today for more information.