Land is one of those investments that everyone thinks you can never go wrong with. Yet, somehow, many people do – severally. How can you make sure that you get it right?
We put together a small checklist to keep you on track.
First: Why are you buying this land? Once you can answer that question you will be able to look at the other factors. Many people just buy land because it is available and they have the money. They pay no attention to what the land can be used for then end up with a bad investment.
Second: Highlight the region you would like to invest in. This will be influenced by the type of property that will best suit your needs. If you want to grow maize you may not want to buy land in the CBD.
Third: Next comes the infrastructure. The development history and development forecast of the area does influence the property pricing and overall value. In short, land that is near good infrastructure will cost more.
Talking to a real estate agent will also give you a better idea of the overall viability of such an investment. The looking stage can be very time consuming therefore it might help to devote at least one day a week to serious property hunting.
Finally, we would recommend keeping a property checklist. When you receive information on a lot of properties, individual features can begin to run together in your memory. Ask a relative or trusted individual to send you photos of various properties, inside and out, to act as reminders.
Feel free to get in touch with us.
Happy Property Hunting!