A developable land is a space of land intended to be converted into an urban area through the development of infrastructure and services that prepare it for the construction of housing, commercial, or industrial spaces. These lands are classified within urban planning schemes as areas that can be transformed to adapt to the growth needs of a city or municipality.
There are different categories of developable land. Some are already sectored and ready for immediate development, while others require additional planning processes to receive authorizations and adapt to local land use regulations. In any case, developable lands represent a great opportunity for investors, developers, and buyers looking to participate in the growth and expansion of cities.
When it comes to selling developable land, visual presentation and projection of the land's potential play a crucial role in attracting buyers. Although the land itself may not have visible constructions or infrastructure, with our virtual home staging tool, you can show the maximum potential of the land and facilitate its sale.
Importance in the Real Estate Sector
Developable lands play a crucial role in the real estate sector, as they are the first step in the development cycle of new infrastructure and construction projects. As cities grow and the demand for housing, offices, and services increases, developable lands become a key resource to meet these needs.
From an investment perspective, developable lands offer high potential for appreciation, as their price tends to increase considerably once urbanization works begin or are completed. Additionally, real estate developers see these lands as a "blank canvas" to design and build projects that respond to market trends and local demographic needs, such as sustainable housing, shopping centers, or industrial areas. Therefore, these lands are considered a strategic investment for both short and long-term projects.
Process of Converting Land to Developable Status
Converting land into developable status involves following an administrative process that varies according to local legislation. Here are some basic steps:
Local Urban Regulations: Before acquiring or developing land, it's essential to know the local urbanization regulations. This includes reviewing the general urban planning scheme and zoning regulations that apply to the area.
Requirements and Administrative Steps: This process may include permit applications, submission of detailed urban planning, and negotiation with municipal authorities to ensure the land meets the requirements to be classified as developable.
Costs Associated with the Development Process: The conversion of land also involves expenses such as the development of basic infrastructure (roads, supply networks, etc.), which must be considered within the total budget.
How to Prepare Developable Land for Sale
Selling developable land isn't just about finding a buyer; it requires preparing the land adequately to attract potential interested parties and increase its market value. Here are some key strategies:
Conduct Preliminary Studies: Obtaining topographic reports, environmental impact studies, and verifying the viability of the land can provide confidence to buyers and accelerate the sales process.
Ensure Service Availability: Land that already has access to public services or has preliminary approvals to install basic infrastructure is much more attractive to developers.
Standardize Legal Documentation: Having all documentation in order, such as deeds, permits, and approved plans, facilitates the sales process and conveys security to potential buyers.
Take advantage of virtual home staging: Although commonly used to sell built properties, virtual home staging is an excellent tool for visualizing the potential of land.
[Content continues with sections about Types of Developable Land, Differences between Developable and Non-Developable Land, Factors to Consider, Advantages and Risks, and Investment Steps...]To improve your real estate presentation when selling, use Pedra's virtual home staging tool.