Buying a plot of land comes with a lot of doubts, questions, and incessant decision-making. Moreover, it is a huge investment. Knowing where to invest can save you from a lot of trouble (and headaches!). Investing in a Green Field site can make a huge difference in your budget, environmental concerns, timeline, and more.
A Greenfield site is an underdeveloped area, typically forest, agricultural or amenity land, within a city or rural area. Some other undeveloped areas can also be used as a greenfield for industrial projects or commercial development. This land is often either used for agriculture or landscaped for aesthetic purposes or left to evolve in a natural state. A Greenfield site is essentially an area that has never been built upon.
Often considered for urban development projects, Greenfield sites are made on an area that can be a restricted closed property, an unfenced or fenced open field, or an urban lot, with restricted access to the general public, due to private or government restrictions. These restrictions are imposed mainly due to environmental concerns as the government and councils hey specifically seek to safeguard the landscape and wildlife. However, Some Greenfield sites are on public land and are accessible.
Here are some advantages of Greenfield Sites:
● The main advantage of building on a greenfield site is its cost-effectiveness. While Brownfield sites are typically less expensive to purchase at first, cleaning the space before construction becomes a financial burden. However, there is little chance that cleaning the plot will blow your budget when working on an unused greenfield site.
● Additionally, greenfield properties provide more freedom in terms of what and how you can create. The only restriction will be the budget and the amount of land needed to be bought as the area is not hemmed in by nearby structures, as you would be in urban development. Besides, having open space all around you gives you room to grow the development in the future.
● The choices for building design and architecture can also be flexible. The project need not meet the same building footprint or style as an existing structure.
