Too good to be true? 3 land purchasing pitfalls to avoid
Wednesday, 13 January 2016 2:33 PM
When purchasing a new block of land, it's important to consider the various factors that would make it suitable for your lifestyle. Knowing what to look for, you'll be able to easily tell whether or not you should build your new home on the land you have viewed.
At G.J. Gardner Homes, we're dedicated to transparency and helping ensure our customers make informed decisions before designing a new home for their block. We believe you will find the following common land pitfalls valuable to think about when searching the real estate market.
Something as simple as soil type is easily overlooked if you aren't sure how it affects building a home.
1. Not considering soil type
Something as simple as soil type is easily overlooked if you aren't sure what to test for when building a home. For example, highly 'reactive soil' - soil easily affected by water, such as clay - will define the type of foundations you require. Building the wrong foundations on a particular soil type could prove disastrous down the track. Talk to your trusted home builder for a recommendation on who can accurately perform a soil test in your area.
2. Unaware of legal obligations and restrictions
Some land, particularly in rural areas, will be subject to greater council obligations and restrictions than others. For example, Agriculture Victoria reports that rural land owners in the state have pest and weed management responsibilities, on top of minimising bushfire risk.
Though a professional home builder will know the appropriate council restrictions already, it would be wise to learn them before purchasing land in case they will affect your design plans. Restrictions usually include building height, maximum storey count, home boundary setback, minimum garage setback, overall design character and whether or not there is a heritage object or protected tree on the land. Your local council will have the documents you will need for your research.
3. Thinking about now, not tomorrow
Looking at land once or twice will give you an idea as to what is nearby, though remember to consider potential future issues as well. Examine where nearby amenities are, including freeways, schools, shops, parks and entertainment relevant to your preferences. At the same time, you may not want to be too close to some of these facilities as the traffic noise and congestion may have a negative impact on your day-to-day life.
Finally, also take into account potential natural disasters. Is your land in a bushfire prone area? What about river flooding, tropical cyclones or periods of extensive rain? These could all affect your home design and future quality of living.
If you're ever unsure about whether or not land is a wise purchase, talk to a professional for assistance.