The biggest and most common mistake made by new land developers and how to avoid it!
Posted 12 August 2016

Every would-be land developer wants the same result from their project…the best possible return on investment.

However a common pitfall of those who attempt to create a new land estate is that they neglect thorough investigations prior to the development in an effort to save money.

The resulting estate is more often than not undercapitalised, a risky investment and ultimately unsuccessful. 

Forward thinking is the key to any successful land development!

It is absolutely imperative to place a great deal of emphasis on the initial master planning phases. By addressing service requirements upfront, with detailed investigations carried out by expert consultants, you can ensure the forward budget planning allows for necessary infrastructure works to deliver a successful end product.

The importance of planning at the early stages of the development significantly reduces the potential for errors down the track and probable risks that may be incurred throughout the project. 

With sound planning from the outset you will also be able to take advantage of new materials, construction methodologies and design techniques that can bring thousands of savings in the field.

For most, a job of this complexity, with this much planning is simply too much to undertake alone, which is perfectly understandable, it is why we started Create Your Estate in the first place!

However it doesn’t hurt to be educated, so to help start climbing that steep learning curve we have listed some of the key areas that need to be considered from the outset to ensure that your resources are appropriately and effectively invested and your land estate has the best chance of being a huge success:

Planning and Engineering

  • Zoning and planning.
  • Environmental impact assessment and studies, including flora and fauna, fire and ground conditions.
  • Water Management Planning
  • Traffic planning and impact assessment studies
  • Engineering assessment and servicing reports
  • Cost estimates

Design, Engineering and Documentation

  • Earthworks and retaining walls
  • Sewer reticulation, including waste water pump stations and mains
  • Water supply and reticulation
  • Electrical supply and communications
  • Roadworks, including local and arterial roads
  • Drainage systems and structures.
  • Design drawings, specifications and approvals

Construction and Project Management

  • Management of the construction works.
  • Quantities, budget costs and timing.
  • Contract administration.
  • Agency approvals

Sales

  • Effective and dynamic marketing approach
  • Continual monitoring of market conditions
  • Liaison and engagement of builders

As the old saying goes, by failing to prepare, you are preparing to fail.

 

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