Finding a property that meets your exact specification can sometimes be a daunting task especially when you have so much to choose from yet not exactly what you are looking for. If that’s the case, you can always purchase a parcel of land and construct your own house, tailoring it to your distinct taste from top to bottom.
Purchasing undeveloped land is a good option for investment, designing your home or even speculation. While doing this ,, you need to exercise some caution before putting pen to paper. Your opportunity to enjoy your investment may be detered if you do not conduct your due diligence on the property you have your eye on.
Take the following factors into account first before buying land
1. Tittle deed
A title deed is proof of ownership that gives your confidence while transacting. Many people have been duped for lack of knowledge of how an original title deed looks like. To avoid this mishap you need to conduct a land search to prove if the person or the company selling you the land truly owns it. If the title isn’t available additional documents stating the rightful owner are provided.
The location of the land is a pivotal aspect to take into account before purchasing. Additionally, the particular parcel of land position in respect to the surrounding community should be taken into account
If for residential, You should evaluate the lot’s location in relation to public ammenities like transportation, highways, schools, parks, and your place of employment depending on your specific needs. If the land is for investment or speculation, consider futuristic developments like road infrstructure, proposed development projects , population growth trends and growth potential.
3. Property Restictions
Before purchasing a piece of land, it is important to take into account the areas restictions like the size of property allowed, if it is a single dwelling or controlled development area and the allowance from the road reserve or riparian zone. The setbacks of the property will determine where you are permitted to erect the house on the plot and they play area. significant role in determining the ultimate property designs
4. Zoning Requirements
Land may be designated for residential, commercial, or both uses in a region. If the area around the land you purchase is predominantly utilised for residential purposes, and you are looking for commercial ,then you should explore the change of user option before purchase. Furthermore, you generally wouldn’t want to construct a home in a location where a number of industrial structures would be constructed.
If you plan to build extra structures, such as sheds or detached garages, you’ll also need to check to see if the area is designated for them. Additionally, there can be zoning regulations that specify the smallest size house that can be constructed on the local properties.
5. Natural Factors
The piece of land you buy should ideally not be at risk from any particular natural disasters. You should also consider the land gradient for drainage purposes in the event of heavy rains. Another factor to consider would be the type of soil in the area. This will be influenced by the purpose for which you purchase the land. If it is for agriculture, residential construction or commecial, story construction the type of soil will determine the construction foundation, as well as the landscape plans.
6. Access to Utility
Facilities like electricity, water , security and waste managemnet are imparative factors to consider This is crucial, especially in distant areas where connecting to public utilities can be quite expensive.
Building your own home is the best method to guarantee bespoke outcome However, to achieve this, you would need to purchasing land as the first step. Buy land in your prefered negibourhood, with the expected amenities and most of all within your budget. Take time to evaliuate the purpose and urgency of use against your budget.Conduct your due diligence to make sound investments. If you need help, involve your lawyer especially in the title check and registration.
Dont hesisitae! Buy land and own a part of your mother land.