UNLOCKING THE POTENTIAL; EXPLORING THE VALUE OF LAND IN REAL ESTATE

In the realm of real estate, the significance of land cannot be overstated. Land is the canvas upon which the Dreams of many investors and homeowners are painted. Land is the foundation for dwelling and development.

Unlike other assets, land is an asset that has stability and the tendency to appreciate in value as time goes by, this is the reason why it is always best to choose to invest in lands than other assets whose value rather decreases over time and is unable to bring profits.

Understanding the factors that can affect the value of land, investors can make a good decision on how to unlock the land potential in real estate.

In this blog, we will delve into the various factors that make land a valuable asset and explore the strategies for maximizing its worth in the dynamic world of real estate.

1.Location, Location, Location

The famous adage “location, location location” epitomizes the importance of where a piece of land is situated. The geographical location of a parcel of land plays a pivotal role in determining its value. Proximity to essential amenities such as schools, hospitals, transportation hubs, shopping centers greatly influences its desirability. Land located in a prime area or a city in rapidly developing regions tend to command a higher value.

2. Zoning and regulations

The zoning of a piece of land defines the kind of development that can be erected there. 

A piece of land with more permissive zoning is often worth more than one with more restrictive zoning. When assessing the potential land, understanding zoning laws and restrictions is crucial. The Zoning of land determines the kind of structures that may be built there, the density of development and other factors that may have a significant impact on property’s value.

3. Supply and Demand

The same rules that apply to other commodities also apply to land. In areas where there is a high demand for Land and dearth of available land, values tend to increase. By spotting emerging patterns and expected demand, investors profit from the increase in Land value. 

Land consequently tends to increase in value with time, particularly in regions with rapid population and economic growth.

4.Accessibility

 In the purchasing of land it is very important to look at accessibility, this focus on Highways, infrastructure, public transportation to and from the land. 

Accessibility is important also in the sense that the resale value of the land will depend on how close the location is to notable landmarks, in practical cases where the location of the land is close to school or hospital, it is easy for residents to access these amenities.

WHY SPRINGFIELD ESTATE IN PRAMPRAM

Prampram, a coastal town in the Greater Accra region, is a location that is fast developing. Situated in the Ningo-Prampram District, the development of Prampram started becoming rapid with the presence of Central University College, and a Government sports facility (Ghanaman Soccer Academy) in the area that increased the inflow and people in and out of Prampram due to the student’s presence.

In the near future, Prampram will become a first-class location due to the construction of the new Airport on the Accra-Aflao highway. This will significantly boost economic activity due to the influx of business hotels, restaurants and many businesses around the area and Prampram will now be known as the New Airport City, where the Value of lands will rapidly escalate.

The Springfield Estate is a new estate development by Swami India Ghana Ltd which is strategically located in Prampram, in a serene neighborhood with modern comfort and services.  Springfield Estate by Swami India Ghana Limited makes it a convenient and accessible place to live, work and do business.

The Natural Beauty of Springfield Estate

Prampram is known for its beautiful coastline and Pristine Beaches. The Springfield estate is in a peaceful environment which is close to all amenities and conveniences of modern life.

Well Planned infrastructure and Amenities

The Springfield Estate is developed with excellent infrastructure in mind including Paved roads, Water Lines, Drainage system, Electricity and Security. This ensures Safe and comfortable Place to live.

Springfield Estate offers wide range of top notch amenities

Swimming pool, Gym, Tennis court, Children play area, Basketball court, Banquet hall, Lush green area and many more. This makes it a great place to relax and enjoy Life to the Maximum.

In conclusion

For Sound investment in Service Plots, Springfield Estate is the good option to consider.