5 Things You Should Know before Land Development
Land development is an important part of everyday life to ensure sustainability. The evolution of land can be crucial in ensuring living places for individuals as well as recreational spaces. Undeveloped land can be easily converted into a recreational facility, rented as farmland, built as a housing complex or a hotel, and many more uses. Developing your raw parcel can increase its value by three to five times its original price. Here are a few things you should know before developing land:
1. Understand the Process Completely
Land development can be a long and
strenuous process, and you should know everything about the process before you
begin. You should evaluate the economic feasibility of your land development
project as land development is ultimately an investment of your time, energy,
and money. You should know the estimated costs, expected revenue, and the type
of return you can expect.
2. Note the Presence of Floodplains and Wetlands
Floodplains and wetlands are
environmentally sensitive areas, and as a result, can have a major impact on
the land's buildable areas. FEMA Floodplain Insurance Rate Maps (FIRMs) defines
floodplain limits while US Army Corps of Engineers and other Jurisdictional Waters
of the U.S defines wetlands. Both floodplain and wetlands mitigation can be
time-consuming and costly. Land should be properly investigated before
development.
3. Research Any Other Restrictions
Some land can have more
restrictions than others. If you’re hoping to move forward with land
development, you’ll need to work through potential obstacles. These obstacles
can include deed restrictions, easements for utilities or access, water wells,
drilling sites, airway paths, railroads, gas wells, etc. You’ll need to pursue
a review with different agencies depending on the restriction. The necessary
time and potential fees will vary for this.
4. Check the Availability of Utilities on the Land
The proximity of utilities to
your land is vital for its development. You’ll need to evaluate the proximity
of water, sewer, stormwater, gas, electricity, fiber, and cable before the
process begins. You need to know if the land requires any off-site improvements
that are necessary to accommodate your plans. You can only move forward with
the land development process if you have access to utilities.
5. Ensure Easy Access to the Property
Access is another critical
component when it comes to land development. You need to know if you have the
access you need for the development of your land. You need to determine if
there are sufficient roadways or will you need to do roadwork as a part of your
development. You will most likely not be able to develop land that does not
have legal access if the land is in a rural area.
For land development, you need to
select a trustworthy company that has years of experience and vast knowledge
working in this domain. If you are looking for certified engineers in Denton,
Highland Village, Flower Mound, or greater Dallas-Fort Worth metroplex, look no
further than CCM Engineering.
CCM Engineering is a leading
foundation inspection company that offers comprehensive land development
engineering services. The company utilizes advanced tools and technologies that
allow them to develop land without a hitch. Their land development engineers
are beneficial for people looking to develop land.
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