13 IMPORTANT FACTORS TO CONSIDER: BEFORE BUYING YOUR FIRST LANDED PROPERTY

 

13 IMPORTANT FACTORS TO CONSIDER: BEFORE BUYING YOUR FIRST LANDED PROPERTY

Landed property consultant

1.  BUDGET:

Determine how much you can afford to spend on the property, including the purchase price, development fees, and other associated costs.

2.  LOCATION:

Choose a location that suits your needs and lifestyle. Consider proximity to work, schools, healthcare facilities, and amenities like shopping centers. This applies to property that is not for landbanking

3.  TITLE AND DOCUMENTATION:

Verify the property's title and documentation to ensure that it is genuine and free of any disputes or encumbrances.

4.  INFRASTRUCTURE AND UTILITIES:

Check the availability and reliability of basic infrastructure like roads, water supply, electricity, and sewage systems in the area.

5.  SECURITY:

Assess the security situation in the neighborhood. Safety is a top priority, so research the area's crime rates and security measures.

6. LAND USE AND ZONING:

Understand the land use regulations and zoning laws in the area to ensure your intended use of the property complies with local regulations. But when you are biying through a real estate company like Homland, it is our responsibility to get this dine.

7.  LAND SIZE AND SHAPE:

Evaluate the size and shape of the land to determine if it meets your requirements for your intended use or future expansion.
 

8. NEIGHBORHOOD DEVELOPMENT:

Research the potential for future development and growth in the area, as this can affect property values.

9.  ACCESSIBILITY:

Consider transportation options and accessibility to major roads and highways for commuting.

10.  COMMUNITY AND AMENITIES:

Look at the community and nearby amenities such as schools, hospitals, parks, and shopping centers, as these can enhance your quality of life. Consider properties in peaceful areas.

11. RESALE VALUE:

Think about the property's potential for appreciation over time, as real estate can be a long-term investment.

12. ENVIRONMENTAL FACTORS:

Consider environmental factors like flood risk, erosion, or pollution in the area.

13.  CONSULT PROFESSIONALS:

Seek guidance from real estate agents(realtors), lawyers, and property inspectors to help you navigate the buying proces.

Buying property is a significant financial decision, and it's advisable to work with reputable professionals to guide you through the process.

As a real estate business consultant I provide genuine properties that ticks all of the above.

BENEFITS OF BUYING LANDED PROPERTY

Buying landed property is an important investment and It saddens me that most people don’t know this. Now,let’s talk about some of the benefits of buying a Landed property.

1. Investment:

Land is a tangible asset that typically appreciates over time. As the population grows and the demand for land increases, the value of land tends to rise. By purchasing land, you are investing in an asset that has the potential to increase in value over time.

2. Development:

If you plan to develop the land, buying it can be a smart decision. You can use the land for a variety of purposes, including building a home, starting a business, or farming. Owning the land gives you the freedom to develop it as you see fit, without worrying about restrictions imposed by a landlord or leasing agent.

3. Stability:

Land ownership provides a sense of stability and security. It is a long-term investment that can provide a solid foundation for your financial future. Unlike other investments that may be subject to market fluctuations, land ownership is relatively stable and predictable.

4. Control:

When you own land, you have control over it. You can choose how to use it, what to build on it, and who to allow on it. This level of control can be empowering, especially if you have a specific vision for the land.

5. Legacy:

Land can be a valuable legacy to pass down to future generations. By purchasing land, you are investing in something that can provide value for decades, if not centuries, to come. This can be a way to leave a lasting impact on your family or community.

With these points aforementioned,you should know the next step in planning for your future.
Instead of buying that car worth 10million which will still depreciate over time,why don’t you make the best decision today and invest in landed properties and get real value for your money.