Blog

New Home Building: What You Need To Know Before Buying Land

Finding an ideal home that suits your tastes and needs is one of the hardest things to do when looking for a house. Sometimes, you like the house, but it doesn’t have the feel you want or otherwise.

At the end of the day, when you still can’t find the perfect house, the best thing to do is build it yourself. And to do this, you have to find the best land to build it on first. Others start by searching online when buying land on Gumtree. However, you can’t just point and buy a parcel of land to build a house on. It can be much more complicated than that.

Here are some of the things that you have to know before buying a land to build a house on:

New Home Building What You Need To Know Before Buying Land

1. Check the zoning and surrounding buildings or structures

Before you commit on buying a piece of land, it is incumbent to the buyer to do due diligence and research first on a piece of land they want to buy. The first step is to check with local authorities in the city, county, or state level to find out the zoning of the property and the restrictions that it may have.

Finding out the zoning of the property should be the first thing on your to-do list when looking for land to buy because then you will find out if the piece of land is indeed available for the purpose you have in mind, in this case, building a house.

It would be so sad if you impulsively buy land to build a house on and then find out later that it is not allowed to build a house there. You can save tons of extra money if you do your research first. If you want to know more saving tips, Extras can help you, too.

Checking the surrounding buildings or structures is also essential, as it can affect the price of the land, as well as the future price of the house you plan to build if you plan to sell it in the future.

On the other hand, if the land is surrounded by residential houses, then these houses can affect the future of the house you are going to build. When applying for loans to construct your house, a bank often surveys the surrounding area to see the estimated value of these homes and if you plan to build a house much grander than that of your neighbors, then be prepared to get your loan application declined.

2. Get a survey and environmental check

A survey and environmental check of the land you plan to buy is also critical as it can provide clarification on a lot of things.

A survey on the land allows you a clear view of what is and what is not included in the property you are going to buy. This is especially true if the land has been vacant for a long time and your neighbors might have unknowingly encroached on the adjoining boundaries. It will also give you an idea of whether you would need an easement if you need to access a neighbor’s land to get to your property.  Be sure to check out the Latest Land for Sale in Hunter Valley Region of Australia.

3. Availability of utility services

This is very important, as utility services like water, gas, and plumbing are very important when building a house. So make sure that these essential utility services are available, especially if you are planning to buy land in the country or in a very remote area. Unavailability of these services can mean extra expenses for you since it means you would have to provide these services by making your own.

You should also consider what services are essential for you and whether they are available in the area. For example, internet services are regarded as a basic need for most people, but they may not be available in some remote regions. Is access to the internet essential for you? If so, that is another thing that you should take into consideration.

4. Need for demolition

When buying land, some structures might already be present in it, and you would have to deal with it. And because you intend to build a house on that area, the ideal thing to do is demolish the structure which already in place. That seems like an easy decision to take, but demolition is expensive. Depending on the size of the structure in the land, you might need to hire a professional team to deal with it.  You can also consider hiring formwork contractors Melbourne for help.

If the structure is just a pile of wood waiting to be picked up by the wind, then for sure you can do a DIY to deal with it. However, concrete structures are a different matter altogether. Even if they are dilapidated, it is still difficult to do it on your own.

Buying land may not seem as effortless and directly forward as you might have thought, but if you do it correctly, it can be a financially-sound investment. It is the first step that you must take to build your very own dream house so make sure you do it correctly.

Tags
Show More

Related Articles

Back to top button
Close