First-time buyers of land often fall for the traps of some dubious sellers and agents. Their lack of information about land matters makes them gullible targets. There are several factors that every buyer must take into consideration to ensure that they will be getting value for their money.
1. Get the land surveyed
It is always advisable to get a piece of land surveyed before completing the actual transaction. You may contact one of the certified land surveyors in Park City, Utah to accompany you on one of your visits. The surveyor may carry with him a detailed map of the area in a bid to conduct several verifications. By the time of completing the transaction, you should be sure that you are not about to develop on riparian land as that may result in future lawsuits and even demolitions. Additionally, you should also be certain that the boundaries were not intentionally moved to create a false impression of the size of the land.
2. Study the different types of land as offered on the market
There are two common types of land: greenfield and brownfield. Greenfield land refers to land that has never been developed before. In contrast, brownfield land is land that has been developed before. Usually, the former is situated on the outskirts of cities and towns, whereas the latter is often in the center of urban areas. The suitability of the two types of land for purchase depends on the development goals. For example, greenfield land may be more suitable for the development of a residential home due to its location in an ambient environment. Brownfield land may be characterized by regular air pollution from traffic.
3. Consider planning permissions
Different lands often have different planning permissions. There are those where the buildings to be constructed must conform to various designs. That is especially true for controlled residential estates. Sometimes, interested buyers are provided with several house designs to determine whether they are willing to conform to the plans or not. There may also be regulations concerning the maximum number of stories that a building may have. For example, developers near airports and airstrips are often prohibited from exceeding three stories. That is meant to allow the safe takeoff and landing of airplanes.
4. Determine the purpose of the land
The purpose for which you are planning to buy a given parcel of land plays a vital role in making your final decision. It determines whether its valued price is logical for the activities to be conducted. For instance, land situated within an industrial park may not be suitable for constructing your residential home. It is likely that the land will be more expensive than a similar plot of land in a residential area. That is because such lands include a commercial factor in their final price. Similarly, you do not want to purchase land meant for agricultural purposes to erect a modern business complex.
Once a land transaction has been completed, it is usually almost irreversible. That means that you cannot afford to make a wrong decision. Therefore, it is important for all buyers to uphold prudence in the course of the entire period to ensure that they end up with a good deal.