Market lifts off againAs we head into the Autumn period and finally emerge from the holiday period it seems the phones are ringing and there is lift off again. Prices have been relatively static this year as the Country continues to struggle to move forward with its Brexit strategy.
For informal advice as to where the market is heading or advice on any property matter please don’t hesitate in calling in.
Residential Development LandResidential land is segregated as those assigned parts of land that are loosely intended for use as a dwelling place for a single family or aggregation of various dwellings of some kind. Intensive residential use involves the construction of individual or groups of apartment buildings, blocks of flats that accommodate several households for the purpose of private housing. Residential land is a part of type of zone which has requirements and uses different from the properties that are zoned as commercial, industrial or agricultural.
So a residential land may be used for the following development:
• Single family home
• Multifamily home
• Apartment complexes
In real estate development, a residential land is often used to build subdivisions. The land is divided into different plots for the purpose of building residential units. If you plan to build your home, or build and rent a house, or develop an apartment complex, residential land is what you should be looking for investing in.
The rules, regulations and laws for residential land may differ from one city or county to another. However there are a few basic regulations that are common to most of the areas.
• Size and height of the building.
• Area of the lot where the structure can be built.
• Distance between two buildings.
• Types of facilities you can house on your land, and their uses.
• Minimum plot size
• Restrictions on accessory buildings, building setbacks from the streets and other boundaries
• Number of rooms etc.
Welcome 2017 we hope this will be a year we can equal the fantastic sales of 2016 where we contracted over 750 building plots of varying shapes and sizes from a block of 350 plots with planning permission to a tiny 400 square foot barn in 2 acres with river frontage. This year sees one of our clients obtaining planning permission for another 750 houses in one lot and various plot sizes totalling over 250 plots so far. For a pro active, informed approach with dynamic results Taylor and Co continue to forge ahead with their ambition to become THE leading Land and Property Consultancy in Bedfordshire, Buckinghamshire, Northants and Hertfordshire.