Just like any other purchase concerned with real estate anywhere in the world, looking for development sites for sale Sydney can be a long, complex, and expensive procedures. If you have chanced upon a vacant lot and wondering whether this development sites for sale in Sydney is right for you, let us help you make the correct decision!
If you have not started looking for the site and are wondering what you should keep in mind when you start looking, let us give you a few pointers on what to look for. You can start by going out for a long ride in your car and looking for vacant lots or development sites sydney along the way. Even if you do not end up considering them for purchase, at least you will end up with a vague idea of the kind of development sites – shape, size, et al – in your area in Sydney. If this does not sound practical enough for you, you can go “shop” for a development site on the Internet: just go to Google Maps! You can chart out how much land you want to explore, and if the application is able to provide enough detail to you, you may be able to spot a vacant lot from your living room. Do not forget to go check out and explore the development site eventually; you would not want to make too hasty a decision with real estate. Remember, as easy as it may sometimes be to find and buy land, it is never easy on the pocket!
If you happen to be looking for a development site for your business, however, you will have to choose very carefully. Location is of the essence in this case! Choose a development site with utmost caution, keeping in mind that kind of customers you are looking to attract. Do you need to be in an upper class, wealthy area because you have a jewelry store? Or would it be more practical for you to find a vacant lot in a middle class area in your fast food restaurant? Consider first your customer demographic, then the cost of buying the land and setting up shop – and choose wisely!
And despite the big deal we have been making about the cost, it is also worth remembering that you should buy a development site that is most convenient to get to. In other words, we are talking about access by road! If you want to build a hotel on the site you are going to purchase, there is no point buying a lot that is way out and beyond; you should buy land near the airport, or in the middle of Sydney. Ask yourself these questions on the behalf of your customers: is your business easy to get to? Is it in a pleasant locality? Alternatively, if you are only looking for a house for yourself, you should ask similar questions: how far is it from work? Will your kids find it easy to get to school?
These are some basic questions to keep in mind when looking for a development sites for sale sydney. Choose smartly!
Chris Russell, the author also the Managing Director of Rockwell Property Group, specialise in the development of new residential medium density projects and the adaptive reuse of existing buildings. Click here to contact him, or you can also follow him on Google+