Factors to consider when buying land

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1. Accessibility
Is the plot / land in question accessible? Are the roads accessible? Is public transport accessible?

2. Lease terms
You need to find out whether the lease is freehold or lease hold. If it is Lease hold, from when is it effective? Be careful not to buy a plot that the Lease has expired or near expiration without your knowledge.

3. Development / Soil type
Is the development within the location controlled? If controlled, is it applicable to your desire in terms of budget and need? Does the soil type suite your need? For example, If looking for a farming land, one cannot go for just any type of soil.

4. Land User
Confirm whether the Land use is residential or commercial depending on your need. Also inquire if the User can be changed.

5. Papers/Documents
Are the documents / papers in order? MUST DO – Search in the lands office to confirm the ownership of the plot and if it’s genuine. Is the title deed, deed plan available? Are the land rates paid up to date?

6. Price
You have to do a research and find out if the sale price is inflated or favorable compared to the location?

7. Budget
Consider sourcing for land in locations that matches your budget. This saves time and resources. Your agent can help with this.

8. Security
Ensure that there is security in the location you intend to secure a plot.

9. Legality
Have your Lawyer to ensure that the sale is done in accordance to legal rules and regulations. The seller can have his/her lawyer but it is advisable for the buyer too to engage his/her lawyer in the sale transaction.

10. Real Estate Agent
An agent is important in the process as through their experience, exposure and knowledge, can assist in finding your desired piece of land fast and ensure a smooth and genuine sale transaction.

Looking for a plot to buy, follow the link https://www.feltopproperties.com/property-type/plot/

or contact us using the below form and let us know what you are looking for