Buying vacant land is the first steps towards building your dream home or developing a custom property. That means you need to carefully weigh all the available options when going about the land buying process. You want to be sure that you’re getting the best deal on land for sale in Geelong, Victoria.
Ensure the boundaries are accurate.
The last thing you want after buying a piece of land is to get into a legal tussle with your neighbours over property lines. A land survey is crucial for your commercial or residential property. It also keeps you away from incurring the wrath of your local authorities or Home Owners Association (HOA).
In most cases, the law or the HOA will have guidelines as to how far from the property line you can build a structure or even a fence. It’s of great importance that you establish the extent of your property if you plan on using a live fence or plant trees.
Plant them too close to the edge, and the branches can cross over into the neighbouring property, starting a feud. Depending on the law in your region, if a neighbour encroaches on your land for a specified time, they can stake a legal claim. Failing to notice such an encroachment can lead you to lose part of your property.
Pick your lot carefully.
Not every lot makes a great purchase, and you should be sure that you’re not making a mistake. Be wary of affordably priced lots, especially in highly-priced areas. That could point to some severe shortcomings with the piece of land.
Land sub-division create lots of many shapes, sizes, and location, each with unique characteristics. An interior lot is your standard lot that faces the street and is sandwiched between other lots on the street. The yard is behind the house, with your gate opening to the road.
A corner lot is between two intersecting streets to give a home to frontage sides. In most cases, such lots are larger, which makes them command a premium price. A flag lot on the, though, is that recessed from the street giving rise to an extended driveway, making it sit higher than the neighbouring lots.
If you’re craving some privacy, a flag lot will make a perfect choice. Cul-de-Sac lots sit on a dead-end street and feature a curved turnaround. They have a small front yard due to the curve but have larger backyards and lots of privacy. As such, they are likely to be pricier than the rest.
While buying vacant land is the first step to building a custom home or property, it isn’t a walk in the park. You need to make tread carefully to avoid making costly mistakes. You also want to pick a lot that suits your specific need and get value for money.