Land is one of the earliest known natural resources and a very important one at that. This is considering how many productive man-made activities happen on it. Farming, transportation, industrial activities, and several others are examples.
However, you should understand that it is a limited resource although we have so much of it around us. First, a larger portion of the earth is covered with water bodies. We have only around 30 percent of land.
Some parts of the earth even have more of it and some have less. For more information about this, you can visit: https://www.weforum.org/agenda/2021/01/earth-surface-ocean-visualization-science-countries-russia-canada-china/
Additionally, not every part of the land-covered areas can be used as they are. They would need to undergo some degree of land development to suit the purpose they are to be used for.
For instance, no more than 43 percent of the earth’s land-covered area is plain enough for residential setups, industrial activities, and even agricultural activities. The other parts are filled with things such as mountains and plateaus.
Furthermore, the activities of humans have degraded many land-covered areas. This is a result of the construction of dams, waterlogging, deforestation, excessive grazing, mining, and several other things.
Land is indeed a limited resource and this has even forced mankind to cheat into water bodies by land-filling. This also has to do with land development.
Here, we will discuss some things you should know about the concept of land development. We advise everyone to keep reading as the information shared here concerns and is beneficial to all.
- 1 What Is Land Development?
- 2 The Economic Side to Land Development
- 3 Land Development in Urban Areas
- 4 Conclusion
What Is Land Development?
This is the entire process involved in changing a land from its semi-natural or natural state to something else. The new form it takes depends on what it is meant for.
There are various reasons it can be subjected to development. This could be for the purpose of creating more housing facilities, transportation networks, industrial or commercial facilities, agricultural lots, and several others.
You should also know that there are many machines used to aid the development process. Over the years, land development has been carried out with more sophisticated machines than what was obtainable years ago.
Bulldozers and caterpillars are examples of some of the advanced equipment used. They play very important roles in earthmoving and a few other tasks.
The Economic Side to Land Development
Land development is not only something that is carried out by the government. Private entities and individuals also play huge roles. This is in a process known as real estate.
The idea is to make financial returns at the end of it all. They do this by minimizing risk, ensuring that cash flow is controlled, and maximizing profits. To make sure things turn out profitably, they need to carry out what is known as development analysis.
This will help them figure out if the land in its semi-natural or natural state is worth their investment. It is very important to undergo this as some lands depreciate. So, the idea that land and landed properties will always increase in value is not always true.
There are several factors that determine if there will be appreciation or depreciation in the long run. The location is a huge factor to consider. For instance, this is why properties in Fremont Illinois cost more than Kingsport Tennessee.
Some developers and real estate players hire companies that offer managed services to help out with thorough development analysis and other aspects of land development. These service providers bring their experience and expertise to the table for the benefit of their clients.
Land Development in Urban Areas
There is such a thing as town/land planning. It is a way this resource in a place is judiciously used. Surveyors are very useful in doing this. Against this backdrop, the essence of developing this natural resource especially in urban areas is for the following reasons:
Transportation and Road Construction
It is crucial that people can move from one point to the other in a given location. This is why the construction of roads and other transportation channels is an important aspect of developing land.
Easy proximity and accessibility are factors that are considered when doing this. Other than roads, you should know that parking lots, bridges, walkways, are all planned out.
Public Utilities and Municipal Services
People pay their taxes for a reason. One of such is so that they have access to basic amenities. This is something a good government should be particular about.
Having established this, you should know that this development is also to have public utilities and municipal services setup. Healthcare centers, post offices, natural gas supply plants, water treatment plants, and several others are examples.
Water Control Channels
The topography of a location can make it advantaged or disadvantaged in dealing with issues like flooding. For instance, many places in Florida and Miami are vulnerable to flooding because of their topography and proximity to massive water bodies.
To handle the situation, the pertinent authorities ensure that some parts are dedicated to the construction of drainages and other forms of water control systems.
Construction of Residential Properties
This is the part where many real estate companies are actively involved. This is because humans will always need somewhere to live. These property developers get the necessary approval from the pertinent government agencies and have buildings constructed.
But before then, they do landscaping to make the area suitable for building. This would involve some degree of clearing, land leveling, or terrace.
You should also know that this is something that is done during road construction. This is so that the road constructed will stand the test of time.
Construction of Industrial Facilities
Many parts of the country have places designated for the construction of industrial facilities. This is because the activities that go on in these places are not ideal for areas where people reside.
You should also know that the way land is developed for this purpose differs. So, it is important that developers that understand the differences are hired.
We have discussed the various purposes for which land is developed in this article among other things. Other than the reasons shared here, there are some other reasons. For more on this subject, you can check here.
One of the important processes that real estate professionals should take seriously is that part of land development analysis. We have discussed why this is the case and advise use the information shared here when the need arises.