Developers usually buy large plots of land that they then build up with retail shops, apartment complexes, subdivisions, and the like. A site analysis before work begins can be even more important for this type of larger development, as there are many factors about the site and its surroundings that could affect the profitability of your development. Since a site analysis is so important for your development project, note a few factors to consider and details to include in such an analysis, and why they're so important for your project and plans.
No doubt you've checked on the zoning of the area you wish to develop, to ensure your plans will be legally allowed according to local zoning laws. However, it's good to include an analysis of the zoning of surrounding areas before your development begins, to ensure your plans will be properly supported. For example, many people like to shop at stores close to home, so you want to have residential zoning in the areas around your retail centre. If you want to build an apartment complex, you should have retail zoning in the surrounding area, so that potential tenants see that shops will be located close to their potential new home. A site analysis can determine all applicable zoning laws in nearby areas, and you can then determine if they would support your proposed development.
Natural growth restrictions
If you would need to clear a plot of land for your development, your analysis should consider any natural growth restrictions. This refers to restrictions regarding the removal of trees or vegetation on that land. If these restrictions are too stringent, you may find that a plot of land is not workable for your plans; you would need to adjust your plans, or forego the purchase of that plot altogether.
Streets and sidewalks
A residential neighbourhood should have lots of streets and sidewalks, so that a person feels that their home is very accessible, and knows that they can easily enjoy a walk around the block in the evening. This will also ensure a child has an easy time getting to school, which is important for many residential buyers or apartment dwellers.
For a retail complex, you need to know if there are enough streets in the area to reduce traffic congestion, and support multiple entrances to your complex. A site analysis can include schematics of all such streets and sidewalks, so you know where improvements may need to be made, to support your development plans.Share