Has it always been your dream to own a piece of land where you can build your future home? Now that the real estate market is offering more opportunities to make that dream come true, you’re excited to start looking for a lot that you can build on.
Buying land, however, can be trickier than buying a house. And since this will be a huge investment, here are five important things that will help guide your decision:
Location
This should be the first—and most important—factor to consider when buying land. Since most of these lands are still under development, it would help to do some research, so you’ll know what the plans are for that particular location. Avid Carolina, for instance, has extensive information on its land for sale, including its location, masterplan, and the future neighbourhood that you’ll be living in if you decide to buy land to build on in this area. This will give you a good idea about how the community will flourish over the next few years.
Zoning restrictions
As a buyer, it’s important to learn all about zoning, which is required by the government to be able to control and regulate both land and property markets. Before purchasing land, you need to know exactly what that block is designated for—whether it’s commercial, residential, or industrial. This will help you ensure that you’re buying a piece of land where you can build your future home.
Knowing proper zoning and laws on land use will also help you determine if that block is the ideal place for a residence because you don’t want to build your dream home in a place that’s going to have commercial buildings within the next few years.
Setbacks
A property setback is a rule that determines how far a house can be set back from the border of your land. This is very important to consider when buying a piece of land since you’d want to make sure that the lot can accommodate the size of the home that you’d want to build in the future.
Climate
Climate plays a crucial role in determining if a lot is ideal for building your future home or not. Seasonal changes, rainfall forecasts and temperature shifts should be considered when purchasing land because it will determine many things when you’re already building a house. For instance, the climate could affect how you insulate your home, how much energy you’re going to consume and the quality of life that your family will be having.
Water source
Finally, it’s very important if the piece of land that you’re planning to buy would have a proper connection to a reliable water source. Some lots may look ideal, but you’ll realise soon enough the challenge of getting a consistent water supply. There are also areas with restrictions to collecting your rainwater. You don’t want to spend more in a water tank or having to go through the hassles of getting a poor water supply after building your home.