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Tips for buying land

October 27, 2020 2:07 pm

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For those looking to buy land, it’s an exciting time especially if you have big plans for what you’re going to do with the land. There are some pitfalls to be aware of, but it is generally more straightforward than buying property.

  1. Know why you want the land

Are you buying as an investment or will you be building your own home? Having a plan will help you know where and what is the best to buy.

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  1. Know the market

There are different types of land, such as brown and greenfield and each will require a different approach in terms of planning permission, for example. Be sure you know exactly what type of land is available and what you are getting.

  1. Financial help

Don’t pay more than you need to. Find out about a SDLT Refund from a site like Sentient, providers of SDLT Refund services.

  1. Spend time looking

There is often a lot of land for sale, but it’s not always advertised publicly. You could consider contacting professional land agents, visiting auctions, and searching dedicated property and land websites.

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  1. Choose an area with potential

Just as with property, location is key when it comes to buying land as well. Find out about the local area and if there might be future development nearby or if the area is soon to benefit from better transport links and infrastructure, for example.

  1. Get the land surveyed

You might think land doesn’t need to have a survey like a property, however, there could still be hidden issues such as flood risk or rights of way considerations.

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