How landowners enhance the value of their unentitled properties during the development process.

Unentitled properties can present significant challenges to landowners looking to develop their land. However, there are several strategies that landowners can employ to enhance the value of their unentitled properties during the development process. One key strategy is to work closely with local government officials and community stakeholders. Building relationships and engaging in dialogue with these groups can help landowners better understand local zoning and development regulations and gain support for their proposed projects. Another strategy is to conduct a thorough market analysis to identify the highest and best use of the property. This analysis can help landowners determine what type of development will be most profitable and marketable in the current real estate market. Landowners can also invest in pre-development activities such as environmental assessments, site surveys, and engineering studies to prepare the land for future development. By doing so, they can address potential issues and obstacles early in the development process, which can save time and money in the long run. Finally, partnering with experienced development management services, such as Toronto-based LSG Partners, the development management arm of Land Services Group, can be a valuable asset to landowners. These services can provide expertise, resources, and connections to help landowners navigate the complexities of the development process and maximize the value of their unentitled properties. In summary, by working with local officials and stakeholders, conducting market analysis, investing in pre-development activities, and partnering with development management services, landowners can enhance the value of their unentitled properties during the development process. Source: Rez Esmaeili, 01 Mar 2023 https://medium.com/@reza_6409/how-landowners-enhance-the-value-of-their-unentitled-properties-during-the-development-process-1708b8195c00