Investment Land Feasability
- Land Location |
- How to Buy Land |
- Land Features |
- Investment Timing |
- Opportunity Costs |
- Community Acceptance |
- Single Lot Investments |
- Residential Lots |
- Speculative Lots |
- Lease vs. Resale |
- Building to Suit |
- Acreage |
- Acreage for Resale |
- Land Evaluation |
- Land Promotions |
- Land Bankers
How to Buy Land
When seriously considering whether to buy land or not, you will make a decision based on all of the information available to you and those experts who advise you.
Assuming for one moment that you do decide to buy land, and instruct your solicitor to draw up the contract, they will amongst other things conduct the necessary legal searches. These searches will include an examination of the possibility of future developments directly affecting your plot. It is certainly a good idea to make yourself aware of the possibilities before buying land, if only to save yourself wasting time and effort with a site that turns out to be impractical or undesirable.
For example, someone just about to buy land in an area where a road-widening scheme is being planned or a new by-pass being considered, or where land land development is about to take place to build an industrial estate, would be well advised to look elsewhere.
The planning department of the local authority will be well-placed to advise you of any planned developments before buying land. In particular, you should ask them what "use" the surrounding land has been designated, and whether or not there are plans to change this status. With an accelerated rate of house building looking set to start soon in the UK, there may well be new highways planned close to your development land.
The local highways department have maps and details showing approved road schemes and those under consideration as proposals. You may even be able to get access to information about other planned schemes before they become public knowledge!
Before you buy land, take steps to protect your investment. As well as the local authority, before you buy land, you can talk to the local shop-keepers and also the neighbours. This has the advantage that you might also get to hear about ideas which have yet to be formally proposed.
- Land Location |
- How to Buy Land |
- Land Features |
- Investment Timing |
- Opportunity Costs |
- Community Acceptance |
- Single Lot Investments |
- Residential Lots |
- Speculative Lots |
- Lease vs. Resale |
- Building to Suit |
- Acreage |
- Acreage for Resale |
- Land Evaluation |
- Land Promotions |
- Land Bankers
