Real estate
Church Construction and the Americans with Disabilities Act
Choosing a Lighting Design for Your Church
Steel Building Design
Future of Dubai Real Estate According to Fitch Rating
Creating a 3D Model for Your Church Design
The Perfect Working Environment
The Future of Steel Buildings in Commercial Construction
Steel Buildings: Get the Best Structures Erected at Affordable Rates
Planning to Build a Church? How to Get Started
The Value of Good Building Plans for Your Church: Developing a Master Plan
Church Architectural Plans: What to Expect in Good Drawings
7 Of The Duties Found For A Quantity Surveyor
Planning Your Building Project Budget: Tricky Costs
States Beginning to Release Updated Development Plans
Points To Consider In A Building Design For Commercial Purpose
Function Meets Design Using Iron Bollards As Architectural Elements
How a Contractor Can Help You Pick the Right Space for Your Next Office
Benefits of Historic Tax Credits
Getting What You Pay for When Hiring a Church Builder
Should All Warehouses Have Composite Lightweight Roofs?
Making Housing Affordable For Military Families
Building Capacity With Technical Assistance Grants
Adding Convenience Feature to the Buildings With Access Audit
Finding Creative Solutions to Redevelopment Challenges
  Selecting and Purchasing a Site for Your New Church
If your church is planning to build a new facility at a new location, you need to know how to acquire a good piece of real estate. In this article, we will look at how to select and purchase your new site.

Selecting the Site

There are a good number of criteria to analyze when looking at a piece of land for your church site. What appears to be a "great deal" may actually not be a good value when development costs and site limitations are fully considered. Don't simply rely on the opinion of the selling agent, or on rules of thumb such as one acre per 100 seats, when evaluating the land. Land development professionals such as architects, appraisers, surveyors, civil engineers, building contractors, building inspectors, and others, can give valuable information to the church to help it determine the true value of the property. Factors affecting the value include zoning, amount of usable land, utilities, topography, soil conditions, shape of the land, location, access, environmental factors, permitting costs, and more.

When we speak of usable land, we are referring to the land that you can actually build on. This is determined by subtracting all the building setbacks, easements, and restrictions from the site and by evaluating the shape and topography of the land. The costs of bringing utilities to the site, or leveling the site for buildings and parking areas, can be a "budget-buster" for some churches. The land purchase should include a contingency clause allowing you a period of time to investigate these factors before closing.

Keep in mind that the cost of the land may seem "cheap" but the cost per acre could soar when the church accounts for the limited amount of usable land and the high development costs for the property.

Purchasing the Site

Now that we have discussed some factors to consider when selecting your church site, we should consider a contingency clause within the purchase agreement to allow the church a period of time to investigate these factors before closing. There are several ways to accomplish this "due diligence":

Option to Purchase: The church and seller can agree that in exchange for cash the church will have the sole right to buy the property for a specific time according to agreed terms. The option price is negotiable. The parties can agree whether the cost of the option will be applied toward the purchase.

Purchase Agreement with Contingencies: The church and seller may want to enter into a purchase agreement subject to certain contingencies. Those contingencies would be spelled out in addenda to the purchase agreement making the purchase contingent upon the church determining to its satisfaction that it can get financing, rezoning, utilities, feasibility and market studies, and any other information the church may deem in its interest before agreeing to close the sale. The church could even make the purchase contingent on a church vote or the results of a fund raising drive. Everything is negotiable in a real estate transaction, but everything must also be in writing. Normally, the church gives an earnest deposit to the seller that is held in an escrow account by a realtor, attorney or title company.

The church should obviously seek legal assistance or the help of a realtor expert in commercial property before negotiating any purchase.

Pretty In Plastic
Chief Minister Consistent on Development of Lahore's Infrastructure
Reroofing: Six Signs Your Commercial Building Needs a New Roof
Funding Rural Housing and Economic Development
Selecting and Purchasing a Site for Your New Church
Ways to Improve Project Management Efficiency
Qualified Action Plans
Fixing Our Public Housing
Will Everything Be Repaired?
Exploring The Cost of Affordable Housing
Extreme Green Rehabilitation
California's Redevelopment Agencies
Adjusting Geographic Apportionments
Projects in DHA Islamabad Expected to Help in Boosting Pakistan Properties
The Positive Effect of Project Scheduling Principle on the Environment
Specifications and Allowances Included in Your Church Design
Why You Should Consider Steel As a Building Material
Steel Buildings: Three Basic Types
Three Approaches to Constructing a Steel Building
The Cost-Effectiveness of Metal Buildings
Choosing the Right Hydraulic Jack for Construction Work
How Scaffolding Poles Assist in Construction Projects
Flexible Construction Platforms
A Guide to Construction Essentials: Gantry
Essential Scaffolding Equipment System
How Loading Dock Components Should Be Used
The Many Uses of Building Support Materials
Advantages of Platforms in Construction Sites
No New Construction Jobs Unless They Are Union?
How to Save Money and Time Maintaining Your Commercial Metal Roof System
Church Design Tidbits: Balconies and Landscaping
Gotthard Base Tunnel Sees Daylight
Panama Canal Expansion
Brazil World Cup and Olympics
Subsidies Can Bring Dubai Construction Industry Back on Its Way!
Abu Dhabi Rental Market Equates to Dubai High End Properties
Bollards Affordably Accent Landscapes While Doubling As Security Assets
DHA Lahore Is Involved in Various Breakthrough Projects
Why Properties in Major Cities of Pakistan Are Priced So High?
Expanding Upon the Opportunities That Are Available With Tradies Insurance
How Trade Insurance Can Be Adjusted To Specific Fields
Five Mistakes to Avoid When Picking New Floors for the Office
New Reality for Housing Agencies
What to Look For in a Commercial Construction Contractor
Getting the Best Floor Coating for Your Concrete Surfaces
New Jersey's Affordable Housing Council Abolished
Why The Increase in Construction Lending and What Are The Pros and Cons?
Part J BCA 2011: Summary of Changes
Report Shows Benefits of LIHTC
More Communities Reconsidering Affordable Housing Requirements
The Texas Bootstrap Loan Program
Some Affordable Housing Policies Are Working