Categorised | Business & Finance, Family, Money

Essential Things to Consider When Buying a Block of Land

Buying land can be a great investment. But if you plan to build on it – it’s best to be cautious.

There are lots of considerations you need to think about  – so it’s wise to be aware of them before your search hits the ground.

Why is it important?

If you want to create your own dream home, the block of land you buy is as important as its structure.  And it can also affect lots of other factors – including the quality of your future build, and its layout.

So before you begin searching, you need to think about:

  • the style of house you want;
  • whether a plot has the right amenities and
  • the convenience of the location.

If you get the purchase wrong, in any way, it could be hugely costly for you in the future – and no-one wants that. So it’s worth checking all the above factors and more – including local planning restrictions..

Get advice

An expert can help you with planning considerations – and also walk you through the practical considerations.  We’re not all construction experts, are we – so it’s advisable to speak to someone who is straightaway.


And, if you find someone with real local knowledge, that’s even better – as they will understand the pros and cons of different areas.

Remember it’s an investment

You need to consider how well your future built house will hold, and increase, in value – depending on its location.  So, in the same way as you would with a conventional property – bear the local area in mind.

Are there good local schools, shopping centres and other facilities close by?  All of these can affect your future home’s value. Is it a good place to invest in – is it an area that’s ‘on the up’, – all of these issues point to whether it will be a sound investment..

Other considerations

Remember to consider the direction any plot faces (the most desirable is considered north facing), the orientation of the block and it’s frontage space. Highly desired properties include a wider frontage and a uniform size, which allows for greater flexibility. 

Think about environmental factors, including flood risk – look at the geography, and its relative height above sea level or nearby drainage areas. 

And it’s worth doing a bit of research on proposed developments in the area too.  What began as a vacant location can quickly become saturated with busy roadways and businesses.

Count in the planning requirements

Nothing would be worse than finding a perfect plot, only to realise it won’t work with your house plans because of local planning requirements. 

Each local government has its own requirements relating to home size, setbacks and other planning considerations. A knowledgeable consultant can help you navigate the local planning requirements for your chosen area.

Conclusion

When you’re looking for land for sale, remember to take lots of advice and think carefully before proceeding.  And then you’ll be sure to get the right block for you and your building plans – without ever losing the plot.

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