Wednesday, January 30, 2013

*Guest Post*
3 Things to Look Out For When Buying a Block of Land
There are many reasons why you might want to buy a block of land. You may want to put your home on it and try to get off the grid, or you might want to develop it into a commercial property from the ground up. There are plenty of advantages that go with starting from the ground up, but there are a lot of things to consider as well. Just because a piece of property is gorgeous does not mean that it is right for your needs, so think about what your options are going to be and how you can best make your decision.

Your Needs

Your needs are something that you must keep in front of you when you buy land. It is far too easy to get carried away with the buying process and to choose land that is not necessarily ideal for you. For example, do you need the land to be a certain distance away from commercial properties, or do you want to make sure that the land is accessible to certain important roads? Do you need to make sure that you have certain rights to the land? For example, Australia has certain rules and regulations concerning water rights. Do you need the mineral rights, and is there a chance that the trees or crops on the land are not subject to your needs? These are all things that you need to think about.

Location, Location, Location

The old chestnut about location being the most important factor in buying a house is very true when it comes to buying property. There are some absolutely gorgeous properties out there that are only accessible in a roundabout way. How far are you willing to drive for your property, and does it need to have access to major roads? Another thing to consider is whether it needs to be close to any institutions. For example, if you are going to purchase land for a family home, you might want to consider how close you can get to a school. Coral Homes have a great range of home and land packages available to suit the needs of everyone – check out their website here.


They say that nothing is certain in life but death and taxes, and when you are considering purchasing your land, you should think about the taxes that might go with it. You can typically find that records for the taxes on land at the local courthouse; at the very least, that will show you what people paid in previous years. However, you will also find that in many cases, you can the taxes lowered substantially simply by appealing them. For example, if something has happened on the property or if buildings have come and gone, you might be looking at substantially less taxes after an inquiry. Be sure that you know what the taxes on a piece of land are before you buy them, and also consider how you may be able to get that changed. If you are someone who is invested in making sure that the land that you purchase is right for your needs, take a moment to consider the factors that are in play. This can prevent you from making a serious mistake.

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