Purchasing a block of land represents an exciting opportunity for buyers. It’s a chance to let the imagination run wild. Choosing land instead of an existing house gives families and couples, both young and old, an opportunity to create their dream home from the ground up!
Shopping around for the perfect block of land may seem simple when compared to finding an entire house, but there are still important conditions that land buyers should be aware of. A land pitfall could be just as expensive to fix as a hidden defect in an existing home.
We’ve put together 7 S’s for buying a block of land to ensure your block is a happy and healthy investment.
Size
It’s a given that the size of the land is important. However its size will be relative to the type of house you would like to build and required setback from boundaries. A block of land that seems big can quickly seem small when you account for boundaries and the size of your house. Be sure to check these details before you decide on a block of land.
As well as your immediate building plans you should consider any future plans you may have to subdivide or include a pool.
Shape
Often buyers focus on the size of the land, but it is the shape of the land that will significantly impact your building plans. While some blocks are conducive to almost any design, elongated or angular blocks may require the expertise of a specialist architect or builder. Always consider whether the shape of the block will be suitable for your plans.
Consider the orientation of the block and how it is positioned in relation to the road. Blocks that have a north-facing backyard are always favourable as they will receive the sun in winter and shade in summer. However, a clever house design can work with the shape and orientation of the block.
Soil
You should always have the soil tested before buying a block of land. This is because the type of soil can dramatically affect your building costs. If the soil is sandy it may require reinforcement while rocky or clay soils may need excavation. Ensure the soil is tested by a qualified engineer according to the Australian Standard.
While investigating the soil, it’s a good idea to check for ground-water. A damp block may need additional drainage.
Slope
The slope on a block of land may also present a problem when it comes to building. While it may be costly to build on a steep block, a house on the high side of a street has benefits. Those houses can take advantage of a better view and resale is often better than those properties sloping down from a street.
Services
While some blocks come with services others do not. You should always check if connections are included and if they aren’t it’s important to check the cost of connecting the block to water, gas, electricity and other services.
Search
It pays to do your own searches and make enquiries. These will include:
- Look around the neighbourhood and check the proposed plans for those blocks around yours.
- Investigate whether the area is in a flood or bushfire zone as this could impact your insurance.
- Check the land title certificate carefully to ensure you will have Torrens Title.
- Visit council to determine if there are any easements on your land. For example an easement to use your land for widening a road.
Seek
Finally, you should always seek expert legal advice before you sign on the dotted line. Documentation relating to your land purchase can be extensive and complicated. You should understand all elements of the agreement and be aware of what it all means. Seeking the right legal advice now could make a big difference to your future.
Taylor & Scott Lawyers can provide you with valuable legal advice as you embark on this important investment. We provide a practical approach to all issues and pride ourselves on being trusted advisors who provide genuine value for money.
If you’re looking to purchase a block of land, contact Taylor & Scott Lawyers on 1800 600 664 or fill out the online contact form for more information on how we can help you.
At Taylor & Scott “We Care For You”.
