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|How To Identify Real Estate Development Potential by waldigit: 6:55pm On Feb 19, 2016|
This Thread is opened to assist would be developer some major questions confounding them vis-a-vis development issues on buildings.
Factors that can be put into consideration when identifying Development potentials:
Basic Principles of Urban Land Development
In land Development, there two key considerations
1.The need for residential, working, transportation, recreation, worship and social environment that are functionally efficient and aesthetically pleasing; and
2.The need for physical environmental conservation for the purpose of maintaining ecological balance.
Man is a member of the various ecosystems, and if he is to achieve more than temporary dominance over the system, he must understand these ecological principles and interactions, and be somewhat guided by them in his modifications of environment.
The following factors can be considered.
•Legal Instrument (Land Title)
•Development (Land Use)
The following are the common physical characteristics of sites.
c.Irregular and rugged sites or areas,
d.Derelict quarried lands
e.Rock outcrops, especially extensive ones
f.Extensive sand tracts,
g.Wetlands,: marshes and swamps
i.Surface water bodies
This is a site with complimentary features that are either incentives to development or which do not constitute impediment to it. For example for residential development, the site must be:
•No pollution zone
•Low noise zone
•Not too remote form security and neighborhood facilities, and services
•With moderately firm soil
•Devoid of excessive moisture
•Average Load bearing capacity
•Gentle slope of less than 12 degrees (20%), preferable in direction of public drains
•With Access road, among others.
•Altitude of about 50m and above
To be continued
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|Re: How To Identify Real Estate Development Potential by waldigit: 8:00am On Feb 23, 2016|
Steep Slope Site
Most of environmental and land use literature do not favour the formal development of steep slopes for building purpose. The reasons range, from the cost implication of grading, basement construction and filling and backfilling and foundation reinforcements, to environmental ones such as risk of flood due to excessive run off and erosion, differential settlements, and land slide. Also needed to consider is the provision and operating cost of building service facilities.
However, such site could be put to informal recreation use such as park, gardens and event centers.
Irregular and rugged sites or areas
Irregular and rugged site for residential, commercial, and industrial building purposes has high cost implication for grading, transportation and building service facilities.
However, the side can be put to recreation use such as children play area, picnic and vacation use with a considerable lower cost implication.
Derelict Quarried Lands
These are former sites for stones, gravels, sand and clay extraction. If these sites lie within an altitude of about 50 meter and above, they constitute a very good site for construction, because of their firm surface structure. They may save the cost of excavation of foundation trenches. However, if they lie within very low altitude and very low in relation to the adjoining road level, it may bring an implication for cost of backfilling in foundation as well as filling of the outdoor area of the building. Another alternative to consider is to put to recreation use in terms of parks, gardens and picnic Centre. Plant treatment with trees, shrubs and grass can produce desirable aesthetic experience.
Physical Planning process where it is effective will most of the time tend to reserve the site for recreation purpose through a concept known as conservation. However, where the permit is given for building purposes, one may consider recreation on one hand and on the other hand the irregular hard surface may make outdoor activity for residential building difficult if not impossible. Such site may need special attention of a team construction expert’s attention.
If the interest is build a spectacular resort Centre such hotel and club house, well, it may worth its weight in gold.
Sand and gravel tracts, particularly the coastal ones, are popular playgrounds for both the young and the adults. They are natural bases for water sports because usually along such are water bodies as large as rivers, lagoons, lakes and sea. Building on such sites has implications of technology and cost. The foundation choice is usually reinforced raft, ground beam and pile. This is due to incidence of settlement and low bearing capacity.
This category includes marshes, swamps and bogs and make up ecological habitats for special species of plant and animal. A lot of relationship exists between the soils, hydrology, micro-climate and topography. The altitude in the zone is low and close to the underground water aquifers.
In the country side, the wetlands are usually left in their wild natural states. However, in the urbanized city any of the following can be done
•They can be dredged to produce artificial ponds or lakes.
•They can be dammed if they are elongated to produce ponds and lakes.
•They can be used to enhance accessibility
•For aesthetic purposes their fringes may be paved and given geometrical treatment.
•They can be drained and filled for recreational residential and industrial purposes.
In any way, it has to be out in mind that, construction implications on the site may include high cost of choosing the right technology.
They are natural channel of floodways wherein both natural and artificially generated run off from city flows under the force of gravity. Floods are natural features of river valleys, where implication of destruction to life and property could be tremendous.
Physical Planning process prefer that the flood plains should not be built upon but conserved as open spaces to store flood waters and minimize runoff during heavy rains. The rational consideration lies in the positive correlation between urban development ad runoff. The process of urban development, see to the removal of vegetation cover of the landscape with the replacement by man-made impervious surfaces like concrete surfaces, building roofs, tarred and untarred roads. The progressive creation of these impervious surfaces through the urbanization as a process is what generate flood of increasing magnitude.
This is not referring to geo-reference system, but relative positional relationship between a parcel of land, its immediate environment and other zone in the town. Profitability as an economic factor is a function of accessibility and in turn is major factor that determine value the market impose on any piece of land.
Accessibility brought about by spatial proximity and efficiency in transportation system can liberalize development, open up new area and thereby activate the potential developmental value, hitherto latent in any parcel of land.
It now goes that the grater the accessibility the more profitable a location becomes.
Legal Instrument (Land Title)
Land tenure systems are social system of values and laws relating man and its physical environment in matters bordering ownership rights on land. They are subject to changes and are transmitted from generation to generation with varying modifications.
From time immemorial, man has exercised right of ownership, usage, control and management over land in several ways. Legislations or statutes (laws) had often been passed or enacted to regulate these rights exercised over land, these laws have been remodeled to be to contain and react to the emerging need and challenge of time.
A popular fashion of such ownership right system can be freehold-where there is unlimited is no expiration for ownership right, while another is lease hold- where an expiry date is set for the ownership right. The type of ownership right subsisting on the land is critical factor to be put into consideration when developmental consideration is at stake on landed property.
Land title in modern economy has become a means of accessing financial facilities such as long term loan.
Development (Land Use)
Development in a broad term is the situation when the desired state of the land is achieved as a result of applying the rational decision making process of man to change the natural state and intensity of use to which a site is put.
It encompasses every aspect of built environment, so it can be either for public interest or for private interest. It can be residential, commercial, industrial, and recreational.
Whichever is the choice of development, it is a critical factor to consider when making developmental proposal in the field of real estate.
|Re: How To Identify Real Estate Development Potential by waldigit: 5:51pm On Feb 27, 2016|
This is a typical site on marshy rapid slope.
|Re: How To Identify Real Estate Development Potential by waldigit: 10:35am On Mar 02, 2016|
Every piece of developable land within frame work of legal frame work and economic viability of the proposed use has natural development compatible with it.
Man can impose development on land with use of technology such as reinforcement, drainage, channels, reclamation yet this comes with ranges of cost which sometimes may not only be monetary.
Awareness of this will help decision makers in real estate development issues.
|Re: How To Identify Real Estate Development Potential by Nobody: 10:01am On Mar 04, 2016|
seun what's the meaning of this? and why no declaration for Christians?
2 Likes 1 Share
|Re: How To Identify Real Estate Development Potential by centyboy: 10:02am On Mar 04, 2016|
Vanity Upon Vanity...
|Re: How To Identify Real Estate Development Potential by emror4u(m): 10:04am On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by contactmorak: 10:04am On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by tlops(m): 10:05am On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by sexymonkey(m): 10:05am On Mar 04, 2016|
Just learnt something new
|Re: How To Identify Real Estate Development Potential by contactmorak: 10:08am On Mar 04, 2016|
waldigit:you seem to know a lot about lands, where is the best place to buy a land around 200k-500k in Lagos. I have someone who really wish to buy but confused
|Re: How To Identify Real Estate Development Potential by Nobody: 10:09am On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by ncolumella(m): 10:28am On Mar 04, 2016|
I hope this would open land buyers eyes when purchasing a land or property that has really value like mine which I have put up for sale for 1year plus at Osapa London Lekki...just besides Shoprite.
|Re: How To Identify Real Estate Development Potential by Modsenemy(f): 10:37am On Mar 04, 2016|
summarize it fr me maybe I will be interested
|Re: How To Identify Real Estate Development Potential by gist4kidsblog: 10:37am On Mar 04, 2016|
This 4 Plot Of Land Facing Express With fenced For Sale At Give Away Price >> https://www.nairaland.com/2960684/4-plot-land-facing-express
See This Plot Of Land For Sale In Lagos At The Rate Of 1.5m Negotiable(photos) >> https://www.nairaland.com/2962239/see-plot-land-sale-lagos
|Re: How To Identify Real Estate Development Potential by Chinweadronhome(f): 10:46am On Mar 04, 2016|
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The lands are fast appreciating and that means sure return on investment for investors. Dangote has invested there, Eleganza has invested there, Tinubu has invested, Obasanjo, Federal Government, ARM Pension, LBS, Corporate Organization Cooperatives have also seen the future and are building Estates for their staff, etc, so why not you? Especially now that the lands are still very affordable
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|Re: How To Identify Real Estate Development Potential by mentorandfriend(m): 11:12am On Mar 04, 2016|
thagift:Open a thread.
|Re: How To Identify Real Estate Development Potential by MaryWest(f): 11:18am On Mar 04, 2016|
I am not a developer
Though, I will like to become one day.
Following your thread OP.
|Re: How To Identify Real Estate Development Potential by MaryWest(f): 11:19am On Mar 04, 2016|
Abi o o
I have notice the guy just going about and spamming threads.
|Re: How To Identify Real Estate Development Potential by surestakes: 1:14pm On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by Bre(f): 2:08pm On Mar 04, 2016|
There really should be a rule against people who unnecessarily quote such lengthy posts only to write nothing sensible/useful at the end.
|Re: How To Identify Real Estate Development Potential by opalu: 2:51pm On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by adedam007(m): 7:22pm On Mar 04, 2016|
|Re: How To Identify Real Estate Development Potential by 100Cents: 1:15pm On Mar 05, 2016|
Practical is Practical.
Theory is Theory.
|Re: How To Identify Real Estate Development Potential by waldigit: 7:48pm On Mar 05, 2016|
Major common development for personal occupation and speculative investment purposes are as follows;
Block of flats
Single family dwelling unit
Agricultural Land Use
Semi Public Plots
|Re: How To Identify Real Estate Development Potential by waldigit: 7:49pm On Mar 05, 2016|
The Candid advice to would-be developer is that if your site is not "ideal" site you must exercise caution in adopting designs of those 3D Model on adverts on internet. Get expert opinion on the best for your neighbourhood, site, and acceptable within your legal frame work and planning policy.
|Re: How To Identify Real Estate Development Potential by waldigit: 8:02pm On Mar 05, 2016|
Value of land is subjective. However, there is what we call Market Value, which is a reflection of general opinion of all stake holders on opinion of value. Whichever value you get from market make sure you get development implications on such land before you ventured into committing your resources on it.
For now, for that range of price in Lagos, you can get land that is close to development viability along Ikorodu axis towards Ijede zone. Hope this helps.
|Re: How To Identify Real Estate Development Potential by tpiar: 8:08pm On Mar 05, 2016|
|Re: How To Identify Real Estate Development Potential by tpiar: 8:09pm On Mar 05, 2016|
|Re: How To Identify Real Estate Development Potential by contactmorak: 1:12am On Mar 06, 2016|
waldigit:thanks a lot. Wll pass your msg to the person
|Re: How To Identify Real Estate Development Potential by waldigit: 10:31am On Mar 12, 2016|
This an example of special site being fortified by reinforced retaining wall
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