¿Cómo elegir un sitio para su próxima propiedad?

Today it requires much more then a great location..clarity on a variety of minefields environmental constraints, Learn about any utility moratoriums, proposed highway expansions, master plan redrafting or political torpedoes that can easily destroy a project from ever launching.

Important part is the size of the development, the type of development and the strength of your brand. Will your development have an impact on the location? Or HOW can your development have a positive impact? If the project has importance for the area or even region, the project will increase the value of the location.

Demographics in a 3 mile radius. Incomes that exceed national average with density in excess of national average. Employment growth 2X national average in a 3 mile radius.

Site analysis for real estate development is one of the basic prerequisites for the feasibility study and development analysis. Real estate development is a wide term that might include activities ranging from the restoration and re-sale of existing buildings to the purchase and development of new buildings on vacant lands. Below are key items that should be analyzed: 1. Zoning Regulations 2. Accessibility and Visibility 3. Context and Characteristics 4. Surrounding Land Use and Competition 5. Proximity to Demand Generators 6. SWOT Analysis

I agree. Location is key. If we want eyes on a development, we need fundamentals driving people towards it. And people are drawn towards great locations. When developing in great locations, I also believe that you should consider developing to hold. Why sell the cow when you can keep it and sell the milk? Use the upside in valuations and income to develop more property in great locations. Great share 🙌

Flood zone elevation matters Access to water & sewer matters Env contamination possibilities matter Road, sewer and water services by city or by a bare land strata as an option need to be analyzed

Conduct a comprehensive due diligence process that goes beyond the obvious. Evaluate the site's physical attributes, but also consider potential environmental constraints and the cost of any required remediation.

My addition to this is to have a contingency plan in place. Key factors to consider are implications on delayed time to develop, sell or gain approval from necessary authorities. Does the time delay mean an increase in building materials or trades? Does it mean entering a selling season that’s not as favourable? Will it mean presales missing sunset clauses and pulling out? Having contingencies on your desired outcomes is very important.

A robust financial model is non-negotiable. Incorporate conservative estimates and multiple scenarios to gauge the project's resilience under varying market conditions. Metrics like ROI, NPV, and IRR should align with your investment criteria.

Always anticipate potential objections or concerns from shareholders and proactively address them in your communication and planning. Demonstrating that you have considered and mitigated potential risks can build confidence with them.

Building strong relationships with key stakeholders can be a game-changer. Transparent communication and alignment of interests can expedite approvals and mitigate risks.

Market timing is a crucial element when selecting a site for your next property. The real estate market is dynamic, and its conditions can significantly impact the success of your project. To maximize returns, it's essential to choose a site when market conditions align with your project's goals. Consider factors like supply and demand, economic trends, and local market cycles. Entering the market at the right time can lead to greater profitability, while choosing the wrong time may result in challenges and missed opportunities. Thus, carefully assessing market conditions and timing your site selection accordingly is vital for real estate developers.

Timing can be everything. Keep an eye on macroeconomic indicators and real estate market cycles. Entering the market at the right time can significantly impact your project's profitability.

I always start with the jurisdiction and the zoning. Different cities and counties have varying requirements. If the property is not zoned correctly for the intended use, rezoning can be very costly and time consuming.