Finding the right location in Orange County for a particular project involves numerous factors. The characteristics of the land in question are a big factor that developers consider. What may attract you to a certain piece of land may make it unsuitable for another.
For instance, your project obviously has a purpose. This means that you are probably looking for a piece of land that not only suits your purposes, but also already has the zoning you need. Zoning issues can cause delays that you may not want.
On the other hand, you may end up paying a premium price for land already zoned for your purposes. If you have the time, you may decide on a less expensive piece of land that could be rezoned. Otherwise, you may increase the price you are willing to pay in order to avoid having to go through the process.
Getting employees and customers to the location may also be a priority. Whether you simply need roads and easy ingress and egress, or want to be near public transportation, it will affect the land you look at to purchase. If you can find a piece of property that aligns your preferences in both these arenas, you may hit the jackpot. Of course, you may consider other characteristics of the land as well, but this provides a place to start.
Like other developers, you may need assistance in determining whether a piece of property fits all of your needs. This often goes beyond the services that a real estate agent can provide since many of your questions may involve legalities revolving around the current state of the property. In that case, it may be useful to sit down with a real estate attorney who is well versed in the market here in Orange County and the legal questions you have, along with the questions you may not yet know to ask.
Source: pocketsense.com, “Factors That Affect Urban Land Value“, Dee Striker, Accessed on March 11, 2018
