Buying land to build your home is a good idea as it will give you a chance to create your space and also avoid the hassle of having to move house. Although you are buying land to build your home, it is important that you invest in a good quality land that has resale value. Here are some areas to consider.
Location – You should consider if your land is close to public transport, shopping malls, highways and nearby to a school district if you have or plan to have children. If you are still commuting to work, it is important your land is close to your current workplace. On the other hand, if you are retired look at the distance to hospitals, recreational facilities, clubhouses, fitness centers,
Picture your neighborhood in 5-10 years – Although the beauty of the land and the surroundings does nudge you to make a decision, it is also important to look at other aspects, such as noise and space. For example, if you are buying cheaper land for its space and surroundings, in 5-10 years your neighborhood can become quite busy and congested.
Utilities and what will it cost – Understand how you will get power, water, gas, and waste disposal to your land.
Natural resource rights – If your land has any natural resources like Water rights, Mineral rights, Timber rights or Access rights owned by a third party, you will be restricted on how you can build and use your land.