There's more to buying land than size and sale price. Dig a little deeper and you'll find that not all sections are created equal. What's going on below the surface and down the road will have a marked influence on the time and cost of your home's construction, as well as its value in the future. Like most of us, you're probably working within a set of parameters when choosing land - with minimum and maximum size requirements, areas you would prefer to live in, and a budget to keep you grounded. These considerations are important, and can be easily ascertained on face value.
Find out if the section is subject to a building covenant - a set of rules governing the size and style of home that can be built. Covenants can be restrictive, but they also ensure neighbouring properties are of a similar standard to your own - and in this way can maintain the value of your home over time. Think about what the area will look like five or ten years from now. Many new homes are built on newly developed land.
What amenities are close by? Are there shops, hospitals, schools and public transport? If not now, are they planned for the future? People buying land in established areas have their own set of unique future implications to consider. Does the property feature any protected trees that could one day encroach on the house? Choosing a section, like building a home, is your chance to call the shots, start from scratch and make your home a reflection of who you are and how you want to live.
