Buying your very own slice of land can be a dream come true for a lot of people. There is so much potential with a clean slate. You have the opportunity to start fresh and lay out your property and garden any way you like.
There are many benefits to building your own home, however there are a few things you need to consider when purchasing a plot of land.
- Trees, steepness and soil.
Sounds exciting doesn’t it? All these factors will contribute to your long term building costs and maintenance. For example, if the soil is too soft, malleable or on the flip side too dense, this will affect costs and the time it will take to build on the foundations.
Removing trees, shrubs and other plants usually come down to where you have decided to purchase your land and how strict the council are about removal of flora.
2. Location, Location, Location.
Just like with purchasing a home, buying a plot of land in a suburb like Baldivis that is close to shops, schools and hospitals will always be more beneficial than purchasing one in an underdeveloped area. While the quality of the building is always linked with the purchase price, the location is the land is sometimes a greater variable in valuations.
Another factor to consider especially in Australia is the potential for natural disasters like bush fires to affect your property. Low lying areas or suburbs closer to rivers and beaches are also more likely to flood so be sure to do your research on the area before purchasing.
3. Council approval.
Purchasing an already built property has its benefits (like the fact the house has already been approved by council). Buying a block of land doesn’t come with automatic council approval, so you’re going to have to deal with every issue that arises with council and objections from neighbours. To try and combat some of these issues, being aware of the restrictions and rules in the council you intend to buy in is a good start. Giving them adequate time to approve or reject your building plans will also save you time and headaches.
Buying land is definitely something you should consider, whether that be for profit or personal satisfaction, there is no reason you shouldn’t take the leap into land ownership!