A Guide To Buying Beautiful Land

No matter how many people say that buying land is risky, it’s a sound investment providing you know exactly what to look for before purchasing. People want to buy land for a variety of reasons, and many people these days are looking at it as an alternative investment to property. Buying the right kind of land for your needs is very important – read on to find out how you can make sure you get the perfect land for you:

beautiful-landImage taken from Flickr

Define Your Own Personal Requirements

Whatever your land is needed for, it’s important you define your requirements by asking yourself some important questions.

  • Why do you want to buy land?
  • Is the land you have your eye on suitable for your plans? You may need to check with the local county/council.
  • Does your budget cover not only the cost of the land, but building, legal and survey costs, plus anything that could go awry?
  • Will you get a profit from your project?
  • Should you buy land on an already established estate, such as Rivergums?

Budget

Land value relates to the state of the property market, but exactly how much you pay for a plot of land will depend on a few things. You’ll need to take into account the location, size, how close it is to transport links, and whether you’ll need to get any planning permission. If you buy land already with planning permission it’ll be a lot more expensive than land without planning permission.

Planning Permission

There are 3 basic scenarios when buying land in relation to planning permission:

  • The land doesn’t have planning permission.
  • The land has outline planning permission.
  • The land has full planning permission.

Choosing The Right Plot

You’ll find land for sale comes under two different categories. These are:

  • Brownfield – this type of land is land that was previously occupied by a permanent structure that has become vacant but has potential for redevelopment.
  • Greenfield – this type of land is totally undeveloped, such as parks, forests, and countryside.

You can buy land from a specialist land agent or an estate agent, but these aren’t your only option. You can buy land from:

  • Auctions – you can find suitable plots from land auctions, however the downside is they are usually very quick so you have a limited time to do your research.
  • Local authorities – councils sometimes have small plots of land that they are willing to sell.
  • Utility companies – some water, gas, and electricity companies sometimes have extra land available.
  • Private enquiries – private residential homes sometimes have large gardens with building potential.

Location

You’re much more likely to get a higher resale value if the location of the plot is close to transport, shops and other important places.
If the land you buy is in a rural location, the property must usually be exclusive and unique to get the maximum value potential from it.

Surveying The Land

A survey carried out by a qualified land surveyor is very important, as it’ll highlight boundaries, services, overhead power lines, public rights of way, flood risks and more.

You should now be on your way to buying a beautiful plot of land that suits your needs perfectly!

Espana Gomez is an author of this blog. Recently she works as an interior design assistant in her town. She loves daydreaming about beautiful homes and interior decor.