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Four Things to Consider Before Purchasing Land for Sale in Brisbane

Selecting the ideal block of land is a tedious process that involves securing permits, handling finances, and identifying right to ownership. In addition, the process should also determine how advantageous the land is as a residential or commercial property. If you are planning to purchase land for sale in Brisbane, Melbourne or whichever part of Australia, below are a few things to consider.

Location

Location plays a huge role in identifying the value and future resale of a property. A land’s proximity to public transportation, parks, schools and recreational centres may influence its overall cost. For example, if a Brisbane land for sale has a huge chance of being a commercial location or a town centre, its future resale will definitely cost higher. Determine your needs and the use of the land to reach a better decision.

Shape and Size

Land shape and size will not only determine property price but also the kind of property it can accommodate. Bigger blocks of land are more expensive than the smaller ones. They’re also easier to construct on as their depth and width are broader in size. Remember to check if the land is sloped because slant blocks are difficult to cement and will also affect the position of the property.

Roads and Access to Services

Lands closer to major roads and commercial properties have higher estate value than blocks located in the suburbs. Why? One thing: convenience. Other than providing ease during construction, blocks near principal roads are more accessible to water and electric supply, gas, telephone lines, and broadband internet.

Type of Soil

One of the most important things to consider upon choosing a block of land is how reactive its soil is. Building on land with extremely reactive soils can typically cost more to build on, because the footings have to be much stronger to carry the house on soils that will expand and shrink between wet and dry seasons. Determine if the block is extremely reactive by having a geotechnical report done. Apart from reactivity, this will also identify the soil’s composition and previous use.

Building Restrictions

Consider the requirements you have to fulfil before, during, and after the construction of your property. Local councils have different rules, which can limit or simplify your building progress. The government or certain community leaders can dictate the style, size and function of your property. Prevent this from happening by checking the land’s restrictions and heritage overlays.

The process involved in purchasing land may be difficult, but it can be easier if you keep in mind the abovementioned things. Know the main reason why you’re purchasing land and consider its use for today and the future.

Sources:

Buying Land and Building a Home

housing.nsw.gov.au

How to choose a block of land

build.com.au