CRE Development Mistakes - Real Estate Site Selection //

Real estate site selection is the process of finding a site and identifying a plot of land to pursue a development project.

As a developer, before you can break ground or begin important land entitlement work, you need to find a site that can achieve your project goals.

Not all vacant land sites are created equal - properties are subject to external and site-specific influences that can impact the site's viability for your project. Key factors like zoning restrictions, demographic trends, utilities, and topography, along with many more, play a role in identifying the value and characteristics of a site.

But because there is so much to consider, real estate investors, developers, and business owners are prone to make mistakes along the way.

In this video, we discuss the common site selection mistakes developers make during the real estate development process. And we address how important proper site due diligence is to the success of a project.

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⌛ Timestamps ⌛
0:00 Introduction
1:13 What Is Site Selection?
2:25 Don't Become a Prisoner of the Moment
4:52 Failure to Weigh Opportunity Costs
6:22 Inadequate Site Due Diligence
7:36 Lacking Flexibility
8:48 A Secret to Avoiding Mistake