Land buyers have many choices with the various pieces of land for sale in most cities. Most investors have a vision of developing the land after a buyer purchases it. However, what most people don’t know is that governments have restrictions on how landowners use their land or the kind of structures they want to build. Besides, you might encounter environmental restrictions too. Therefore, land buyers ought to be aware of risks, such as zoning classification and access to utilities when purchasing land.
Access to Utilities
Every land buyer looking for the land for sale in the Geelong area should consider the ease of getting utilities to that location. You also need to find out if the location has access to utilities, such as Internet access, electricity lines, and other services. What land buyers don’t know is that it is expensive to get the utilities onto your property if they are not already available.
The second factor you must consider when buying land is the zoning restrictions. These all depend on the size of the land development you are allowed to construct. Land buyers should be aware of the restrictions concerning the height of buildings they are permitted to build as well as the rules relating to accessory buildings, such as sheds and garages. Also, consider the lot coverage, which prevents flooding issues.
The other thing you need to know is the environmental factors, such as the soil conditions. Notably, some areas don’t have suitable soil for building on or are prone to flooding. That means that you would have to invest more money in the foundation than other areas. Flooding insurance is expensive so you would want to avoid such locations.
When you know these risk factors, you are sure to settle for the right land for sale that meets your needs. Many properties have land use rules, and land buyers ought to be aware of such projects.