Important Things to Be Checked Before Buying a Land Property
Things to Know Before Buying a Land Property :- Investing in a real estate, parking your RV, build any sort of building, do farming. Whether you’re looking for a place to live, a place to have a great country estate, or place to hunt, or ride your RV, or just a great place to invest in land, we can help you with this blog post. So the fact is you want a place to simplify your lifestyle, have a healthier life, a great place to raise your kids.
When you’re thinking about what land is right for you, you’re going to have a lot of questions and that’s okay. We are focusing on the steps to buy a block of land. Find out what you need to consider before buying a land, choosing the location and the type of block and what to be aware of before paying the deposit.
The first thing is you need to gather more data to make an educated decision when buying vacant property, a land. The first is a tax map. So you need to receive a tax map and look at that tax map. You need to have the tax records to see what type of the zoning it is. You also want to look at the ordinance and see what specific zoning and requirements there are on that property. You want to pull up flood map to see if the properties in the flood zone. If you have access to wetlands to see if there are any wetlands on the property. You also want to have a survey, a survey is going to show you the boundaries if there are any easements encroachments. If there are any streams or drainage issues that you need to deal with. You need to identify if there are any environmental issues, was there an oil tank that was on the property, was it farmland before are their issues of in that regard.
You need to do a test boring to determine what type of soil that you may have. Is it a lot of rock that you need to excavate. A park test will also determine if it’s a location that will be suitable for septic. You also need to check to see if it’s a well or if it’s a city water. And if you have to do a knockdown of an existing structure, what are the issues does it have asbestos in the structure. And you want to solicit experts from builders, an attorney, an architect to determine what you could build there as well as an engineer that will give you feedback from the standpoint of coverage areas, impervious areas, setbacks side yards, height restrictions that go on to the property as well.
Where you build will influence your ability to meet your current and future needs. The first step is to select a preferred location type – for example, urban, suburban, or rural areas – and then examine your choices in those categories. In choosing a specific site, you should also consider your preferred lifestyle.
Important lifestyle considerations include:
proximity to work, schools, universities, exercise facilities, shops, healthcare, and entertainment
proximity to public transport – this may eliminate the need for a car or a second car
balancing initial and ongoing costs – cheaper land in the city outskirts may mean higher transport costs
the type and size of home required – the number of bedrooms and space for outdoor activities
After choosing a location, it is time to consider the block of land you would like to purchase. Once again there are a number of factors that you should consider including:
Check with the local council and obtain a copy of the registered plan for the site for possible building restrictions. Check council planning for zoning, easements and setback restrictions. A copy of the registered plan for the site can be obtained from either the Government Department of Natural Resources and Mines or one of their approved online distributors or such alike.
Availability and cost of power, phone, the internet, water supply, wastewater treatment, garbage disposal, etc. This can seriously impact budget and lifestyle.
Consider the effects of breezes, shade, shadows and the possible need to install solar energy panels.
The size, orientation, and slope of the site significantly influence design possibilities – such as size and aspect – and building costs.
Cutting blocks of land to make them level can incur significant costs, such as the need for retaining walls. Furthermore, sloping sites are difficult and expensive to build on to accommodate anyone with limited mobility. You should consider not only your current needs but also your possible future needs.
Geology and topography of the site – is there a threat or possibility of landslide or soil slip?
Site classification – this can significantly influence footing requirements and costs.
The potential risks of ground movement and subsidence need to be considered if building on reactive clay sites.
Potential natural hazards – investigate the risk of events such as bushfires, flooding, and cyclones, etc. These risks will influence house design, building costs and ongoing costs such as maintenance and insurance.
Investigate and assess site drainage patterns and maintenance requirements. Steeper sites generate more stormwater runoff. Check that the site is not affected by stormwater entering from neighboring properties from gardens or downpipes, for example, Habitat regulation – are there the tree or animal preservation rules in place?
Previous use and potential hazards – for example, possible mine subsidence and contaminated sites – your solicitor can advise you of searches that can identify these hazards or contact the Department of Environment and Heritage Protection for more information.
Views – land with views is often more costly and more challenging to build on.
Before entering into a contract to purchase land or paying a deposit on the land, we recommend that you, as a minimum precaution, incorporate conditions in the contract making it subject to finance from your preferred lending institution, and a site classification satisfactory to the purchaser.
Some more aspects to be concerned may involve the below-mentioned points.
Important Things to Know Before Buying a Land
1. Purpose of land
So, what is your goal for the land investment, recreation, livestock or even a home building? When looking at land purchase it’s important you know what you wanted to do with it now or in the future. Some land won’t let you build on it, and others won’t let you hunt, camp or ride motorcycles. Some of the lands offer what you do all the above and more.
2. Location and Roads
The location is as they say everything. Is it close to a highway or major city or in a rural area? Some land sellers give you a great price but their land has no road access or as a normal area not close to any major city. Some of the property offers are close and have a great highway in road access.
3. Power and Waste
It’s critical to understand what options are offered for power and waste disposal. Especially if you intend to build on your property. Are there any type of lease means to offer for power to be established or expanded. Are solar and wind power available to build on your property? It’s hard to get a property for allowing the building of solar wind and septic systems and leases for power expansion.
You hope you never need it. But if you do are there fire and police services provided by the county you purchase your property in. It’s important to check, since in some remote locations telephone and internet service may not be available. It’s better that some of the land sellers do the homework for you and are happy to report all of their tracks have police, fire, emergency, phone and internet services available. Also available nearby post offices, food, lodging, schools and medical facilities.
Why is it important? The land survey is important to avoid confusion and legal troubles and any credible land seller should survey their lies. A professional surveyor will search the documents available about your land, including titles and previous surveys. They then go out them away and then they will physically measure the property and check these dimensions against the previous records to find any discrepancies. When surveyors can also use electronic equipment g. p. s. positioning or any other devices to determine the boundaries of your property.
All buyers should have buying terms of fraud. You should be able to see plainly, the monthly payment, down payment, interest rates and any other fees possible. A simple sample contract if requested should be provided for you. View the sample properties sell it right and you’ll notice on the each listing all the relevant information up front for the buyer. Never give a deal where the seller does not want to put up front in terms of the contract.
What’s great about living a rural lifestyle is you don’t have to worry about your neighbors. You don’t have to worry about anything, but the land around you. We also recommend you seek legal advice about the land purchase contract before signing it. Your solicitor may recommend other conditions and/or amendments to the contract. So remember before you buy any vacant piece of property let you do your due diligence. It’s very important that you do that.
Things to Know Before Buying a Land