For many people, home ownership is a key financial goal in their lives. With a strong real estate market, Brisbane is a great place to finally own your very first home. However, if you are not interested in any of the available existing homes for sale, you may want to look into the possibility of purchasing land and have a custom home built instead.
When surveying land for sale, know that you’ll need to take a few extra steps as compared to purchasing an existing home. The first step you’ll need to take is to find a real estate agency, like Lion Land Marketing, that has experience in buying and selling residential land. Once you’ve found a real estate agency you can trust, keep the following tips in mind to help you make a more informed financial decision:
Research the Location
Like any property, it would be wise for you to choose land for sale in Brisbane located in a good area. However, you shouldn’t simply check how far your new neighbourhood is from your office or your children’s school. Take the time to research whether the area is prone to flooding or landslides. Knowing the problems you may have to face later on can help you make a better purchasing decision.
Know the Zoning Ordinances
If most of the surrounding area is undeveloped land, you may want to visit city hall and ask about the zoning ordinances in the area. Your local government should be able to provide you with an idea of what kind of structures are permitted for construction in the area. In particular, you may want to know what kind of commercial structures are permitted for construction, as well as any possible changes to zoning ordinances in the future. Your chosen real estate agency should also be able to provide you some insight on this.
Talk to a Home Builder
In most cases, you are free to choose your own home builder. If you already have a builder in mind, you may want to bring a representative from the company with you on one of your site visits. Based on the terrain and other factors present, your preferred builder should be able to provide you with an idea of what kind of structure can be built, as well as any necessary materials and floor plans you will be limited to. This way, you can easily draft an accurate budget for both the land purchase and the construction of your home.
Tips for buying land, allianz.com.au