Uploaded on Dec 1, 2023
Purchasing undeveloped land is a fun process. Having vacant land gives you the chance to design a home according to your preferences and needs. However, purchasing undeveloped land also comes with its own set of challenges. You will learn about that there are some common dos and don’ts to follow while purchasing vacant land, though each circumstance is unique.
The Do’s and Don’ts of Buying Vacant Land
The Do’s and Don’ts
of Buying Vacant Land
Purchasing undeveloped land is a
fun process. Having vacant land
gives you the chance to design a
home according to your preferences
and needs. However, purchasing
undeveloped land also comes with
its own set of challenges. You will
learn about that there are some
common dos and don’ts to follow
while purchasing vacant land,
though each circumstance is unique.
Do Analyze Your Surroundings
Location is crucial in real estate.
The same holds true for
undeveloped terrain. Consider
what it would be like to live in
the vicinity of the land before
purchasing any unoccupied land.
How is the trip to work like?
Where are the closest stores?
Accessibility to public
transportation Will you have
proper access to additional
facilities you may need, such as
gyms, medical facilities, or
schools?
DO NOT FIRST SPEAK
WITH YOUR
NEIGHBOURS
Before purchasing vacant land,
it may be alluring to get to
know the potential Neighbours.
But doing so could result in
unanticipated consequences
that prevent construction on
your proposed site.
FIND OUT MORE
ABOUT ZONING LAWS
AND PLANNING
CONTROLS
Understand the rules
governing a particular piece
of property, such as the
zoning laws and planning
restrictions, is crucial. These
regulations will have an
impact on your property’s
expenses of ownership and
construction, its dimensions
and specifications, and even
your ability to construct it.
This research should be done
before buying any
unoccupied land to avoid a
potential avalanche of
problems.
DO NOT BELIEVE YOU
CAN ALTER ZONING
REGULATIONS
While it may be tempting to attempt
to have some of the zoning
restrictions set aside, doing so can
be costly and ultimately fruitless. Try
changing your plans instead to
adhere to established regulations.
Contact Us
Suite 1, 1 Cook Drive, Pakenham
Vic 3810
[email protected]
u
03 5918 4315
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