Real estate is a tangible and finite resource coveted for its potential to create wealth, serve communal needs, and shelter dreams.
Whether you’re a developer looking to build, an investor seeking to expand your portfolio, or an individual on the hunt for the perfect plot to call home, understanding what makes a piece of land attractive is key to making a sound decision.
In this blog post, we explore the five critical features that boost the appeal and value of land.
The land is the canvas on which humans paint their aspirations—from constructing homes and businesses to cultivating agriculture and preserving natural beauty. Selecting a parcel of land is a unique process that reflects personal goals and market demands.
But what features add that sparkle to a piece of earth? Here’s what you need to know.
Proximity to Amenities
Location is the mantra of real estate; it’s a timeless indicator of value. A prime piece of land typically sits conveniently near essential amenities such as schools, hospitals, shopping centers, and recreational facilities. The closer and more accessible these facilities are, the more desirable the land.
Accessibility to Transportation
Elements like nearby highways, public transit lines, and even bike paths can significantly impact the usability and attractiveness of land. Easy access to transportation not only facilitates movement but also predicts potential growth areas.
A strong community vibe or a growing neighbourhood with a forward trajectory can make a certain plot more appealing. A sound location thrives off its surroundings, relaying confidence to potential buyers about their investment’s longevity or their future home’s comfort.
2. Size and Shape
Adequate size for Intended Use
The size of a plot should align with its intended purpose—be it residential construction, commercial development, or agricultural production. There’s no “one size fits all,” but there is a “right size” for every endeavour.
Favorable Shape for Development
Not just size but shape influences land utility. Oddly shaped parcels may pose architectural or landscaping challenges, whereas regular rectangular plots typically provide the most efficient design options.
Potential for Future Expansion
Land with room for growth is a catch for long-term planners. Prospects of expansion cater to future aspirations, giving breathing room for developments without needing to relocate or restructure established foundations.
3. Natural Features
Uninterrupted, picturesque vistas can bestow an unmatched allure upon a plot of land. Imagine lush green meadows, gently rolling hills stretching as far as the eye can see, and a crystal-clear river meandering through the landscape.
Picture yourself standing on the edge of an oceanfront, feeling the cool breeze on your face and hearing the soothing sound of crashing waves.
These natural settings, with their captivating beauty and serene charm, command a premium that reflects their extraordinary appeal.
Water Bodies or Water Access
The proximity to water bodies, such as lakes, rivers, or seas, brings with it a serene atmosphere that instantly elevates the appeal of the land. The gentle lapping of waves against the shore, the soothing sound of flowing water, and the breathtaking views of shimmering blue expanses create a sense of tranquillity that is unparalleled.
Moreover, the promise of leisurely activities like swimming, boating, or simply basking in the sun adds an extra layer of allure to the surroundings, making it an idyllic destination for relaxation and rejuvenation.
Mature Trees and Vegetation
Healthy, mature vegetation not only adds aesthetic appeal to an area but also indicates the presence of fertile soil that promotes robust growth. Moreover, it acts as a natural sound barrier, reducing noise pollution and creating a peaceful environment.
Additionally, the presence of thriving vegetation provides numerous ecological benefits, such as improved air quality, enhanced biodiversity, and conservation of natural resources.
Overall, the incorporation of healthy, mature vegetation uplifts the ecological integrity of the area and contributes to a sustainable ecosystem.
4. Infrastructure and Utilities
Availability of Utilities
Basic utilities like water, electricity, and gas are essential for the development of any area. They form the backbone of infrastructure, enabling businesses and communities to thrive. When land already offers easy connections to these utilities, it provides a significant advantage.
It, in turn, promotes economic growth, attracts investment, and enhances the overall quality of life for residents. Choosing land with readily available utilities is a wise decision with long-term benefits.
Having pre-existing necessities such as well-developed road networks, efficient drainage systems, easily accessible sidewalks, and conveniently located public facilities can provide a significant advantage to a land parcel.
These amenities not only enhance the overall livability of the area but also contribute to the convenience and comfort of residents or potential occupants. From smooth transportation routes to proper water management and pedestrian-friendly infrastructure, these factors play a crucial role in determining the desirability and value of a land parcel.
Internet and Telecommunications Access
In today’s interconnected world, where technology plays a central role in our daily lives, seamless access to internet and telecommunications services has become an indispensable necessity. The ability to effortlessly connect with others, access information, and stay updated has transformed the way we live, work, and communicate.
This non-negotiable asset not only enhances the suitability of a land for modern living, but also opens up endless opportunities for innovation, collaboration, and growth in various sectors.
5. Zoning and Permits
Appropriate Zoning for Desired Use
Land must be zoned correctly for the intended use, whether for residential, commercial, agricultural, or industrial purposes. Misaligned zoning can bring about bureaucratic entanglements or even derail projects altogether.
Ease of Obtaining Permits and Approvals
Knowing that the land has cleared or can easily clear regulatory hurdles gives prospective buyers peace of mind and spurs confidence in the project timelines.
Future Development Potential
Understanding the local government or municipality’s vision for an area can clue you into whether your land will align with future community development plans, thus securing your investment’s relevance over time.
In the quest for acquiring land, a thorough appreciation of these five features can mean the difference between a prudent investment and a regrettable one. These attributes not only steeply affect the current value but also predict the long-term viability and potential uses of the land.
As every piece is unique in its offering, considering these elements will enable you to seize land that aligns with your vision while providing the flexibility to adapt to the unforeseen turns of tomorrow. Remember, when it comes to land, you’re not just purchasing a plot; you’re investing in a slice of the future.
Ready to embrace the serenity of waterfront living in Nova Scotia? At Waters Edge Leisure Living Ltd, we specialize in curating the perfect piece of land for your dream cottage by the water and floating docks for your tranquil retreat.
Get in touch with us today to explore how you can start your journey towards a leisurely life by the water. We also help investors, builders, and realtors find the perfect property at the waterfront.