Expert Advice from Our Design Team
“Don’t rush the land selection process. It’s important to find a spot that truly feels right. When budgeting, always factor in a little extra for those just-in-case scenarios. It’s all about preparing for the unexpected”.
– Henry, Project Leader
“As you embark on building your home, take a moment to envision how it will blend into the neighborhood. Choose a plot that complements the existing surroundings and fits your lifestyle needs. Remember, convenience matters, so make sure the location offers easy access to essential amenities like schools and shopping centres.”
– Xu, Project Leader
1. Location:
Buying land that is in proximity to essentials such as schools, hospitals, supermarkets, entertainment hubs, and public transportation offers modern conveniences for day-to-day activities and improves your home’s value over time.
2. Land suitability:
The first question to ask yourself once you have your eye on a piece of land is – Does the land fulfil your personal long-term goals? Buying land is a huge financial commitment, and understanding your needs is key to helping you choose the right parcel of land. Below are a few questions to consider:
- Are you buying land to build a house for your growing family or for investment purposes?
- What is the current market value?
- Are the information on the land title and deed accurate? Engaging a conveyancer assures that all legal requirements are fulfilled.
- Can the block of land accommodate your desired home design and size?
3. Set a realistic budget:
Before you set on buying land, it is always good to determine how much you can afford. Calculate your borrowing capacity and allocate accordingly, e.g., the price of land, construction costs and interiors will make it easier to see where your money goes. If you’re a first-time homeowner, you may be eligible for a government grant, and doing your due diligence could help save money.
Most of us must consider the price before we can afford to buy land. Identifying what you’re willing to compromise on early in your land purchase journey is essential in decision-making. While taking out a home loan can free up upfront capital to finance your purchase, keep in mind additional expenses like monthly repayments, service charges and interests.
Are you thinking of investing in vacant land, we can provide you with the expert guidance you need. Call us at 757-996-4111 or get in touch with us here.