subject: What You Need To Know When Buying Land [print this page] What You Need To Know When Buying Land What You Need To Know When Buying Land
Buying land can be much easier than buying a home, but there are some things you need to know before doing so. Factors that you do not have to worry about include the quality of the construction of the home, pest control, repairs and so on. Nevertheless, you do want to make sure that the land that you are buying is viable towards the purpose that you will be using it for.
Shape Matters When Buying Land
When first looking at a piece of land, start with the shape. You can often get an excellent deal on oddly shaped land, but this also means that there will be more complications when building. However, some land buyers prefer the uniquely shaped land as this will give one's property more character with an opportunity to create impressive outdoor spaces. The size of the land is important and so is the shape, so do not overlook the latter when looking for land to purchase.
Soil, Slope And Water Factors For Buying Land
With a home, you want to make sure that when you move in that you will be able to live in the house without any problems. Similarly, when you purchase land, you want to make sure that it is land that you can work with and build on without too many hassles.
The types of soils on the property can create huge construction costs later on during building. Light to sandy soils require reinforcement, while chunky, rocky soils need excavation and steep slopes will need flattening out.
If there is ground water, you will need the water to be drained. Always keep in mind that paying more for a piece of land may be cheaper than purchasing cheap land with soil, slope and water problems.
The Neighbourhood And Services
Many people who purchase land normally build their homes there. If you will be building a home, you need to think about the surrounding area. Is this land close to schools, shopping centres, entertainment and transportation? If not, then this area may not be desirable to live in.
You also want to make sure that you will be able to receive services like electricity, internet, pay TV, water and other must have utilities in the area where your land is. Do not automatically assume that these services will be easily connected as soon as you have finished building your house.
The last thing to keep in mind when buying land is to document everything that has to do with your land purchase. There may have been some negotiations which persuade you to buy this property which important to keep filed away somewhere safe.
This information should be recorded so that you receive these conditions in the contract and upon purchase of the land. You should also understand all of the details that come as a result of buying this property.
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