The drastic downturn of the housing market was a big wake up call to people who had invested all of their money in real estate. Developers who wanted to purchase large lots of land, in order to create thriving suburbs where the land value was much higher than the same size of land in other areas, quickly found that they were going to have to get creative about getting people into these homes, or selling them the land so they could build their own homes. On top of that, recent attention given to pollutants and contamination from farm land, and the chemicals used meant that not everyone was anxious to live on a piece of land that used to be the home of thriving crops.
There is hope for creating new developments. The key, as always, is to make them as appealing as possible. Yes, people want to live in nice neighborhoods, but now they are also thinking more about wanting to live in safe neighborhoods, which is more about things like suburban water testing than it is about things like theft. That means that, if you are an investor who wants to see a return on your real estate investment, you need to make a big deal out of your suburban water testing. Find out what the water supply is like on the land you own. Compare it to other areas. In cases where the suburb is not going to be connected to city water, you can contact the city for their latest test results, so you can compare them to the water supply in the area you intend to build.