Things to Know About Residential Property DevelopmentThings to Know About Residential Property Development

Residential development is the development of residential properties, often multi-storey buildings, that are meant for the permanent occupation of an individual or family. Commercial development, on the other hand, is designed primarily for the development of business premises. 

What is Residential Property Development?

An important thing to remember in regards to residential development is that it is a relatively expensive affair. Developers have to take into account not only the costs involved in land acquisition but also expenses such as building furnishing, electrical wiring, plumbing, septic tank and drainage system. The market itself is very competitive and developers usually aim for yield, which means that they earn a considerable return on their investment. 

Some residential developments are designed to cater to a specific segment of the community. For instance, projects aiming at students tend to be very different from developments designed at working-class homes. Hence, residential developers have to tailor their plans to suit the needs of the target audience.

Development Process

The residential development process starts with the analysis stage. This is the stage wherein property owners decide whether to pursue the project or not. This is a very vital stage because it sets the tone for the rest of the process. For example, if the project proposed does not meet the expected outcome, property owners will have the option to withdraw.

One of the critical stages is the negotiation phase. This is where the details of the project are negotiated with the owners. This is often the most difficult part of residential development projects. Owners often feel that they have been taken advantage of during the negotiations and may have been pushed into taking a decision that they did not want to. To avoid this hassle, residential development projects employ experts in the field.

Common Problems

According to Progressive Property NZ, one of the main issues that property owners face in taking up a residential development project is the lack of parking space. Many residential development projects also develop townhouses that have two to three units on them. This allows the property owners to have extra space for visitors.

Another major issue faced by owners of apartment complexes and townhouses is the availability of utilities at the site. Developing lots with one to three units usually requires digging trenches for the septic system. 

Utilities

Before taking up a residential development project, it is important to check on the existing utility lines to ensure that they will still be available when the project begins. Most developers and real estate development teams do this for free. However, it may be worth paying a small fee to professionals to do this work for you. You could even get a good referral once you see the site plans and check out the depth and width of the trench.

The developers also have to consider the regulations and rules of the community, as well as those of the state. Developers need to follow strict guidelines set forth by the state. Some communities do not allow for large apartment buildings. Developers have to consider all these factors before taking up a residential development project. The developers have to keep in mind that residential lots can be quite expensive. They also have to consider the amount of traffic into the area, as well as any potential traffic problems or hazards.

Continue Reading....Continue Reading....

Best Civil Engineering Projects of All TimeBest Civil Engineering Projects of All Time

It’s no surprise that we have civil engineering structures dominating headlines in the world today. From the tallest buildings to the world’s longest tunnel and other exceptional projects, engineering’s gone vast than what we used to know it to be. Of course, these structures in their unique way contribute towards supporting human life at large. 

The Great Wall of China 

Being one of the finest civil engineering structures in the world, the Great Wall attracts tourists from across the globe. The 2000-year-old magnificent “Chéng” wall connects Dandong from the eastern part of the country to Lop Lake (West). It’s so fascinating that an old civil structure that measures 13,170 miles in length. Modern cost of The Great Wall of China records between $14 billion to $63 billion worth of civil engineering materials and professional expertise.  

https://peakeconsulting.com.au/

Burj Khalifa 

The world’s tallest building is clearly a civil engineering project worth talking about. Burj Khalifa in its glory stands as high as 829.8 metres costing approximately $1.5 billion. It’s no news that the Burj Khalifa inspired the recently-introduced civil engineering hexagonal core that supports high structures. The architectural design of this piece reflects the structures and patterns of Islamic architecture. The 211-floor civil engineering structure remains an interesting sight in Dubai. 

Burj Khalifa, Emirates, Dubai, Uae, Architecture

Itaipu Dam 

Another leading all-time engineering structure would have to be the Parana River’s, Itaipu Dam. As the Parana river serves as a border between Paraguay and Brazil, it’s understandable why such financial commitment was directed into this civil engineering project.  

As expected, the Itaipu Dam produces more hydro-electric energy than any dam anywhere in the world. The 103,098,366 MWH dam splits its electrical energy between Brazil and Paraguay evenly. 

The Colosseum 

Are we speaking of the largest amphitheater ever built hosting glamorous and exciting arts events annually? The Colosseum is another 2000-year-old civil engineering structure with a sitting of 50,000+ to 80,000+ almost as large as most stadiums.  

Built in the heart of Rome, Italy, it was specifically designed for entertaining Roman citizens. The Italian-arts building has featured in multiple popular culture magazines and it’s still being studied greatly today. 

Colosseum, Rome, Italy, Roman, Architecture, Landmark

Jeddah Towers 

Although still under construction, this civic engineering site has had people on their toes for years since 2013. At the time of completion, the Jeddah Towers would have a cost estimate of $1.5 billion making it rank as one of the most expensive towers in the world.  

Even at its incomplete phase, the structure still ranks the chart of the tallest buildings. It’s funny how even when downsized from its initial 1.6km length to 1000 meters, it’d surpass the height of the Burj Khalifa (The tallest building). 

Palms Island 

The oil-rich city of Dubai has embarked on a few interesting building projects lately to support tourism and the country’s economy. However, none strikes a deeper connection to individuals than the Palms Resort Island located off the city’s coast.  

The civil engineering achievement breaks a world record of constructing such a magnificent piece from 3 billion cubic-feet of sand from the sea.  

Kansai Airport 

Building one of the longest airports in the world was the vision of the civic engineers associated with the Kansai Airport project. When faced with the restrictions of expanding the Osaka International Airport, these engineers made a plan that seemed almost impossible.  

An airport on an island was something people never heard often yet the project launched by clearing 21,000,000 metre cubes of dirt. The Kansai Airport’s shape was intentional to protect the structure from typhoon level winds.  

Delware Aqueduct 

As one of New York’s underrated civil engineering structures, the Delware Aqueduct ranks as the world’s longest tunnel. The tunnel was designed to accommodate the safe transportation of approximately 50 million volume of water through New York daily.  

As the largest city in the United States and the centre for business, tourism, and arts, you’d understand the need for a high volume of water. The Delware Aqueduct is clearly a vital project to the life of New York’s citizens. 

Let’s Work on Your Construction Next Project! 

The impact of civil engineering in creating the world’s fascinating structures can never be overemphasised. You’d agree that the above-listed structures involve lots of planning, finance, and professional expertise. To achieve a building or structure with similar quality and standards you’d require the experience of a professional.  

At Peake Consulting, they’re the creative civic engineers with several years of experience in mechanical engineering on construction projects around the Gold Coast region and beyond. More information on their services can be found at https://peakeconsulting.com.au/ if you’re a local to the gold coast and need professional advice for you next building or construction project. Whether it be another Burj Khalifa or Great Wall of China you’re wanting to recreate, they’re the people to get in touch with! 

Continue Reading....Continue Reading....