Three Things To Consider When Buying Land

Buying a piece of land and building on it is the ultimate home buying dream!

Here are three things to bear in mind while you’re buying your future section.

Location

Where you buy will naturally be the biggest concern – but how do you decide?

There are many things to think about and it will start with your own preferences as to the general area.

If you plan to build a family home, a kid-friendly neighbourhood might be a priority, as will proximity to recreation areas like parks and bicycle paths – and don’t forget school zones!

More generally, think about how far away shops, public transport routes and other amenities are.

Restrictions

If you have set plans for what you want in your house and property, it is critical to make sure that you are going to be able to carry them out before buying a plot of land.

That’s why it pays to be familiar with council building codes and restrictions – no surprises please!

Finance

There are many types of home loans, and with a house to build too, getting the right finance deal will be paramount.

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.