3 Factors To Consider When Buying Land
Land is very important in real estate. When buying land to construct a house you need to consider a number of factors. Some of these factors include:
Here you need to check with the local authorities and determine the zoning ordinances. You should also find out if you are allowed to construct the type of house that you have in mind. The future is very important; therefore, you should ask whether there are plans to improve the infrastructure in the area. For example, you should enquire whether there are plans of constructing airports and shopping centers.
You should contact the authority in the area and obtain a natural hazard disclosure. The disclosure will tell if the land is ideal for building. As rule of thumb you should stay away from a land that is prone to natural hazards.
When determining the natural hazards in the area you should also find the elevation of the land. If the land is located near a hill you should determine the chances of the land moving. Remember that the slab of your house can easily crack if the land is unstable.
If the land is good, but near water bodies you should consider constructing your building using a raised foundation. You should also ensure that you get flood insurance.
For you to live a comfortable life you need to have utilities in your home. One of the most important utilities you should have is water. Remember that you can’t dig wells in some areas. To be on the safe side you should determine the depth of your water table and find out how difficult it is to dig a well.
Electricity is also very important. If the area doesn’t have power you should determine how expensive it will be to bring it to your home.
You should also consider the sanitation in the area. If you can’t hook up to a sewer you should do your calculations and find out how costly it will be to install a septic system.
These are some of the factors that you should consider when buying land to construct a house. When making the purchase you shouldn’t be turned off by the restrictive covenants that might be on the area. Remember that these restrictions are meant at ensuring that the houses constructed in the area conform to given standards. Always go through the restrictions and understand what is allowed and what isn’t.
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