Limult Mini-industry construction for community development

WHY CONSTRUCTION AND LAND DEVELOPMENT ARE IMPORTANT FOR COMMUNITY DEVELOPMENT

We can all agree that land development is essential for a community’s success.  While development can sometimes be frowned upon, as it changes the face of the landscape, creates more traffic, changes ecosystems and habitats, it is imperative for the prosperity of your community.  It can generate more jobs, bring desired curb appeal, unite community members, and maintain or increase home values.  Whether the development is residential or commercial, construction brings economic stability.  Finding a balance between growth and maintaining the character of your community is key to the planning of development, as well as, weighing the pros and cons.

ENVIRONMENTAL IMPACT

Construction and land development can create added waste to our landfills and not all materials are environmentally friendly.  In metropolitan or urban areas that are highly populated and built up, a heat island effect can occur.  Thus, making it warmer in these areas than rural areas due to the volume of energy being consumed.  Land Development can change ecosystems and force wildlife to relocate.  At the same time, land development can have a positive impact on our environment.  Governing entities may require developers to bring buildings up to current code or clean up contaminated sites from a previous business.  Site cleanup is costly, but it brings added value to our environment.  Incentives are sometimes offered for using sustainable materials or building Green or a LEED certified structure.  Oftentimes developers will clear out invasive/non-native trees and replace them with native trees.

INFRASTRUCTURE IMPROVEMENTS

Some townships/cities will require the developer to make improvements to infrastructure.  This might include, enhancing the road condition, replacing old water or sewer pipes, installing sidewalks, adding additional landscaping and increasing the number of public parking spaces.  Holding developers accountable for community improvements removes some of the financial burdens your city/township can endure.

ECONOMIC/SOCIAL IMPACT

When you see businesses expanding, new commercial buildings being constructed, new neighborhoods being built and existing homes being renovated, it signifies a growing community.  Growth can present challenges, however, it is a necessity for the prosperity of your city.   Construction has a direct impact on our economy, as it creates jobs.  Construction also has a trickle-down effect on industries, other than its own.  Commercial and residential construction stimulates growth in retail, real estate, equipment, manufacturing plants, schools, and tourism, to name a few.  Even though to community members, construction and development can seem invasive and unnecessary, it is vital for your economy.

You can reach out to Limult Group For your housing and construction Project. you can also visit our store at www.limult.com/shop to see more products that we make available for the people. For further inquiries, call us on +2347052446249.


Limult Property Value

What is property value?

Property value refers to the worth of a piece of real estate based on the price that a buyer and seller agree upon. According to economic theory, the value of a property converges at the point where the forces of supply meet the forces of demand. In other words, the value of a property at any given time is determined by what the market will bear.

Property value example

The value of your property matters in terms of how much you will be able to sell it for, but there are other issues to consider. Property value impacts:

  • Your ability to refinance your mortgage or take out a line-of-credit, using your property as collateral.
  • Property taxes, pushing them higher or lower.
  • The overall value of your neighborhood.

Economic Factors Affecting Property Value

If the house down the street sold for a price that is higher than your CMA suggests, take a look at the mortgage market. Have interest rates risen since that sale, slowing down sales? . Is employment looking bright for the immediate future and are new companies moving in? Then property values will increase. Staying abreast of the economic indicators for your area helps explain your property's changing value.

Other Valuations, Other Purposes

A lender's appraisal carries weight when establishing a property's value. If the appraisal comes in below what a buyer is willing to pay, negotiations as to who makes up the difference can send a deal down the tubes. Lender appraisals delve deeper into the analysis of the property than a CMA, and the more recent the sale the more weight that sale price carries when arriving at a value.

A property assessor's appraisal is done to establish a tax base for the property and should not be used to establish a property's value. Most assessors' appraisals contain deductions for homesteading, tax benefits pertaining to the community, age benefits and other factors that lower the evaluation.

Are you thinking of purchasing or selling a property? feel free to contact Limult Group on +2347052446249 or visit our store at www.limult.com/shop to see more products that we make available


Limult Survey Plans

A land survey represents pictorially the legal boundaries and dimensions of a surveyed parcel of land. It identifies the type and location of monuments or survey posts set in the ground to define the boundaries of the parcel. Some types of survey plans are subdivision plan, reference plan, posting plan, air space plan or strata plan.

Survey plans are prepared by professional Limult land surveyors for filing in a land title office. Many historical survey plans are available only in hardcopy format.

A plan is a technical and legal document prepared by a registered cadastral surveyor.

A plan is considered current until a new survey has been conducted and registered for the subject lot, and a new title issued. The certificate for each lot in Limult refers to the current survey plan. A plan may be the current plan for some of the lots shown on the plan, but other lots may have been cancelled by a newer plan. This may mean that a current plan of a lot could be from the 1900s, whereas the current plan for a nearby lot may be either newer or older.

A survey plan does not include building location unless the property is a building unit. For more information on buildings, contact the relevant local government.

Survey plans do not contain land contours. A registered surveyor can create these plans for you.

A current plan of a lot may not show easements, leases or covenants as such interests may have been created by a different survey plan.

Reading a survey plan

A survey plan will include bearings, distances and area for all parcels covered by the survey plan. Sometimes the measurements for an individual parcel are not included. This occurs where the dimensions of one parcel are the same as the adjacent lots (e.g. if lots 1 to 20 are all the same size, the dimensions may only be shown on lot 1).

A survey plan does not include the measurements from the kerb to the property boundary.

Depending on when the survey was conducted, the information recorded on the plan may vary.

For example:

  • Some older plans may include roman numerals, notes and annotations, or the word 'road' when the road had not been named at the time of survey.
  • A survey plan may also include old street names.
  • Historical survey plans may include county prefixes and prefix abbreviations.
  • Depending on the age of a plan, dimensions may be recorded in a number of formats and you may need to convert from imperial to metric.

Contact us

If you need a survey plans service or you have questions about survey plans, Feel free to visit our store at www.limult.com/shop For further inquiries, call us on +2347052446249.