7 Solid Tips For Buying Land
It’s always a lovely idea to buy a house of your own one day, but have you thought about buying land and building on it?
Many people don’t consider the fact that they could create the home of their dreams with the right blueprints and imagination! Buying land is just more romantic than a home of bricks and mortar, isn’t it?
Not only do you get the freedom to build a home that works for your family, but you also get to develop the land as you see fit. This allows you to have a future that you could only have dreamed of having.
There are some pitfalls, of course, as there is with anything in life. However, if you are a first-timer at buying land, there are few things that you need to know before you get started. We’ve put together seven of those things below.
Know Your Why
What is the purpose of the land? Is it farming land for the future? Are you planning to use it as hunting land? Perhaps you see it as a much better, more balanced investment than things like stocks or shares? Whatever the plan is, you need to have a plan in the first place. No matter what, you need to have a long-term plan for the land you’re buying so that it makes sense for your future.
Understand The Land
Did you know that there are different types of land to choose from? You can get so many different types, from greenfield land that has never been developed, to brownfield land which has been previously worked on. There are distinct markets for land and you have to find the one that works for you!
Know Your Market
The cost of land per acre really does vary, and you need to consider what your budget is and what matches your market out there. Knowing the market and knowing when you are being ripped off for land can make a difference to the amount you’ll pay. If you work to research the costs surrounding the typical hunting land you are looking to buy, you can make the best possible choices for your future.
You do not need to go with the first quote you are given. It’s nice to get offers from a land agent, but you can shop around and compare with other quotes. It’s a much smarter plan to get quotes for the work you want, too, as you can then ensure that you are making the right choices for your needs.
Look For Improvements
There could be room for growth with your land and if that’s something that you are aiming for, then look to buy land where there will be improved infrastructure. Not only will this push up the value of your land, but it’ll also benefit you in the long run when you build on it.
Check The Rules
You may own the land, but you do still need to check if you have to get planning permission to build on it. It’s vital that you clear all the final details with the authorities and gain permission where necessary before you get started. You don’t want to build a whole extension on your newly-built house only to be told to tear it down because you didn’t check the rules.
Call A Surveyor
You should always be sure to get your land surveyed by an expert. Empty plots may not look like they need a surveyor, but every single purchase needs someone with an expert eye over it!