Tips for Assessing New Land Developments
New land developments are popular since many home buyers seek larger blocks to build new homes. A new home comes with comfort. The comfort is even higher when building a home on a land under new development.
New developments offer a different experience and lifestyle than what you can find in an established suburb. For instance, developments often have large open spaces, convenient shopping outlets, and several sports fields.
Also, new infrastructure comes up with development lands including road upgrades, train stations, and public transport.
While new developments offer multiple advantages, it’s important to do thorough research before investing in a proposed development or its surrounding areas. Here’re some useful tips to guide you.
Tip #1: Assess the developer
Before doing anything else, start with assessing the developer. You can check their website to scrutinize them. Check for details such as:
- How long has the developer been in business?
- Has the developer completed other developments and are those developments successful?
- What’s their company ethos?
- Are they doing anything that can assist in building the community?
- Are their incentives offered for building sustainable homes?
Remember to pay special attention to the developer’s design guidelines. These guidelines will assist in shaping your newly acquired environment.
Tip #2: Study the developer’s master plan
When studying the master plan, consider the following details:
- What kind of a lifestyle is being offered?
- Will the new estate offer low, medium, or high density form of housing or will it be a mixed form of housing?
- If there’s medium density form of housing, to what extent is it being offered and where will it be situated?
If the development will feature high density zones, ensure you check whether there’ll be sufficient parking. That way, you can tell how on-street car parking and traffic will be like once the land is fully developed.
Also, assess the size of land that’ll be dedicated for parks, sports fields, cycling and walking tracks, wildlife corridors, and waterways.
Another important aspect to check is whether the development will feature community facilities like a barbeque area or leisure center. Also, check whether teenagers have been considered in the plan for community facilities.
Tip #3: Visit the site
You can know more about the development by visiting the site. Pick up some brochures from the sales center and visit some display homes. Do your own inspection to make a more informed decision based on what you’ve seen.
Talk to homeowners who’ve already settled in the new development. Note that most developments are done in stages. Thus, it can take several years to complete building the new estate.
As a result, some houses may be already occupied while others are released progressively. Check the status of the complete houses. Ask existing residents about their experience and the problems they may have encountered so far.
Tip #4: Contact your local council
It’s also important to request information regarding rates, long-term plans, and family services from your local council.
Find out more details about the number of new estates being developed. Also, find out the expected future population in the locality.
Tip #5: Check for a nearby library
Libraries have a huge collection of resources and information. Modern libraries are technology-rich facilities where people of all ethnicities and ages meet for different activities or to learn.
In case the area doesn’t have a library, confirm whether there’re plans to have a fully-stocked mobile library.
Tip #6: Read local papers
Local papers can assist you in finding out what the locals are saying about the area. That way, you’ll get to know what they love most and dislike most in the locality.
Tip #7: Research future infrastructure and transport plans
Check whether your house will be connected to infrastructure. If there’s a city center some kilometers away, check the currently available transport options and those planned for addition in the near future.
Examine the future plans that the local authorities have for addressing urban growth and renewal in the locality. Doing so will provide you with ideas about what may happen in the future.
Tip #8: Are the any employment opportunities?
It’s also important to check whether there’re any nearby employment opportunities. You can check for potential employers like industrial or commercial zones, universities, and large shopping centers.
If you’ll have to commute, check whether the area has a favorable transport system.
Tip #9: Think ahead
Take time to imagine whether the development will have several new houses and increased population.
Ask yourself whether your vision and that of the developer are similar with regard to the planned spaces. Also, ask yourself whether it’s the locality you wish to live in for many years to come.
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