When looking for the ideal plot of land on which to build a home, the most crucial factor to consider is how well it adheres to the golden rule of all property purchases: location, location, location.

It is prudent to get the finest lot you can afford in the greatest suburb within your prefered area. The cost of building the same home in different areas may vary little, but picking the finest location in the best suburb will significantly increase the value of your property.

Looking for property?

Finding the right property is easier said than done, especially if you’re looking at acreage. The best people we suggest our clients go and see if they’re thinking of buying land in Queensland is Lion Land Marketing. Their team of highly professional and experienced realtors aren’t just perfect for selling your property but they’re also fantastic when it comes to those looking at buying land for securing a new home. Check them out at Lion Land Marketing.

Aside from location, these are the major traits and deal-breakers to look for when purchasing a plot of property.

1. Planning

Find out what the council or shire’s zoning or development codes are for the block. Residential development laws differ across the country, but each block will have specific restrictions on the type, size, and number of houses that can be erected on it. Check these to make sure you can create the property you want.

2. Limitations

If you’re purchasing land in a new estate, find out what limitations the developer has placed on the block. These restrictions supplement, not replace, the council criteria and may restrict the height, mass, and design of your home, as well as external treatments.

3. Future modifications

Future road modifications, local projects, or rezoning may be proposed. All of these factors may influence your enjoyment of the block as well as the worth of whatever you put on it.

Be aware of any street furniture that may be added to the road and may affect you. Street poles, power lines, and other road constraints might obstruct your design goals and eventually detract from your enjoyment.

If you’ve fallen in love with the greatest view on the block, be certain that those views are yours forever. Nothing is worse than having that beautiful vista obscured by building on a next block.

4. Facilitators

Check to see if there are any easements on your block. The most typical easement is for mains utilities, which may limit your construction space to the point where you can’t build the size of home you desire on the block.

5. Form and slope

If feasible, purchase a flat, rectangular block to reduce site expenses and allow for a wider selection of designs than odd-shaped or problematic sites would.

Sloping sites can be beneficial for a variety of reasons, but the cost of developing them, particularly on a tight budget, sometimes means less money to spend on finishing your home.

6. Trees

Trees are a wonderful element of everyday life, but when they are close to structures, they add an ongoing cost to keeping your property clean and secure from debris. Site expenses may also grow as a result of root intrusion and the need for additional foundation constructions.

7. Transmission lines

Building near overhead power lines or energy grid buildings should be avoided. Most purchasers would avoid a house with unsightly constructions in the neighbourhood, which might reduce the value of your home.

8. Sites for Infill

If you opt to buy in an established neighbourhood, you may be looking at an infill property that has already been developed. To begin with, your site expenses will be greater than those of a new block since the ground may be full of waste and disrupting elements, requiring the structure to be built to move around or through such problems.

Infill sites are also more expensive to construct since building at or near the boundary with other existing buildings requires what is known as overhand building owing to restricted access, which is slower and hence more expensive.

There is also the possibility of indemnity expenses if your construction activity disturbs or damages the houses of your neighbours.

Negotiation strategies for purchasing a plot of land

Don’t get too attached to any one lot. If you do, don’t tell the merchant that this is your sole option.

Negotiate aggressively and attempt to conceal any emotional attachments that may muddle the facts of anything unfavourable from the preceding suggestions.

Money saved on buying your property might be used to build the greatest home for your budget.