PH Real Estate - You Won’t Believe How These Buying Tips Changed the Game

The internet is full of techniques and varied strategies in buying a land of your choice but there are proven ways that are best applied. You might want to consider these essential tips.

Here are the best ways you can use when you buy a piece of land:

1. Comply with regulatory requirements on zoning.

Before buying a land, you need to understand the requirements on the zoning ordinance of the locality. The zoning ordinance specifies the uses of the lands within a certain area. 

If you are planning to build a house in a commercial area, you will not be allowed to do so. You have to buy a land where construction of residential buildings is permitted; otherwise, you are wasting your money.

You have to check with the government on the restrictions on the use of the land. You must be clear on what is allowed and what is not. 

2. Check with the land registration and the Environment Office

In some areas, double sale do happen. It is best to check the property with this government office to avoid problems during the purchase. Ownership is also established with this office. You also need to validate the coordinates so that you will know if there are encroachments on the property.

Check for encumbrances and liens to avoid headaches later. Your purchased property should be worry-free. The title must be clean before you buy.

3. Check susceptibility to hazards

You need to know if the land you are buying is safe for a house. Locate a copy of the soil test so you know if it is fit for a home. You might find that the area is prone to landslides or floods. 

You need to consider the safety and health concerns when buying a land. Ensure that you are not at the receiving end of bad odors and noise. If you are buying a land for a house, it should follow safety rules.

4. Check access and utilities

Check with the regulatory department if the land you are buying has easements. It is mandatory that owners of properties must have roads and easements going in and out of the property. You must ensure that you will be able to install your utilities easily. A site inspection is critical. 

5. Buy quickly

If you have established numbers 1-4, then buy quickly or others might buy before you do. Negotiate swiftly and smoothly to purchase the property. If the land you are buying is good, expect that there are a number of interested buyers, who might offer a higher price than you can afford and that will leave you on the losing end. 

On the other hand, do not rush things. Haste makes waste. You have to address all the concerns contained in this article, such as zoning, accessibility, presence of utilities, the soil test, and a test for susceptibility to natural and man-made disasters, before you buy. Never buy a land on impulse because that is poor judgment.

6. Consider Facilities in buying your land

Take a look at your requirements and your lifestyle. You may want a place that assures you of facilities, such as schools, clean surroundings, a nice nature park, shopping malls, jogging and picnic areas and the like. 

These depend on your preferences. These are just the basic. You may be one who is into fitness facilities, spa, swimming pool and other modern facilities. 

7. Buy a land that you can afford

It’s superb if you can buy a land within your budget. If you need a little bit more, you can do it through mortgaging. However, it would be best if you buy a property that you would be able to pay without mortgaging. 

If you can do it on a cash basis – that’s the best option. Getting a loan for your land would increase your liabilities and may result to a long wait before you could build your home. 

Loans can add to your headache later. Interest on the loan is an added expense for you. This money can be put use for other improvement on the land you purchased. If you are not able to pay your loan, it may lead to eventual foreclosure. 

8. Consider the condition of the properties adjacent to the land you are buying

Is the land next to yours an area allotted for a land fill? Is it a factory or landslide prone area? You need to study the land areas near yours. 

If there is a plan to put up a structure that is not beneficial for your plans, then you need to think a thousand times before acquiring the land. If not, it may cause major setbacks on your property.

9. Ask the advice of family, relatives and friends

Inform your plan of purchasing a land to your family members, relatives and friends. Someone may know a land suitable for you. You may end up getting the advice of a family member who just bought a land. If you’re lucky, a friend may have what you need.

Since they are either your family or friends, you can thrust them to tell you the truth about a land you want to buy. Their advices are sincere and honest. You can rely on the information they dish out to you because they are your own and they won’t allow you to suffer from misinformation.

10. Look at the shape of the piece of land

The shape is important in buying a land. If it is for a house, it has to be something of a square. The lot might be 8 feet wide and 800 feet long. How can you use a lot shaped like this? 

In order to avoid problems, you have to ensure that the land you’re buying is appropriate for the purpose you have in mind. Otherwise, you shouldn’t buy a land that does not suit your requirements. 

The tips discussed in this article are meant to guide you when buying a land. These are basic considerations that you have to take heed of. Just follow these tips and you will succeed in buying the land you have always wanted.

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