When looking at land for sale on which to build your dream home, business, or farm can seem like a very simple process. However, it is a complex task that requires special attention. The choice of land for which it could be our house in the future is something that we should not take lightly because we must consider certain issues that will be key to acquire the land and not have to regret it once this is acquired.
Today we bring you aspects to take into account, which will help you carry out the comparison and valuation of the land from a technical and legal perspective.
Registry situation
It is necessary to consult the registration situation of the land to avoid fraud regarding the purchase. To do this, you can request a simple note in the corresponding Land Registry to verify the following aspects:
- Ensure that the person you are dealing with is the landowner and not a third party who does not have any rights to the property.
- There is no seizure or mortgage guarantee on the property.
- On the farm, there are no limitations on the property.
- The farm is free of charges.
Cadastral situation
Once the registration situation of the land has been verified, you must check its cadastral situation.
You should obtain data that indicates all the details, for example, if it’s zoned as agricultural land, residential or commercial, and its borders with neighboring properties. For this, a descriptive and graphical Cadastral Certification of the land should be requested. All these data must coincide with those that appear in the simple note or the land deed.
Existence of easements
Easements of use or passage are the right of someone, in addition to the owner, to use part of the land. It is important to go and check beforehand to see if there is any type of installation on the ground, antennas, roads, risk area, etc.
For example, we can find that through our land, a pipeline owned by a supply company, the city council, or even a close neighbor passes through. These are previously acquired rights that we must respect.
It is important to know if there is an easement and where it is located. If we are not sure, we can even carry out a tasting on the spot to verify it and, where appropriate, assess a negotiation to divert it if it affects the location of our house.
There are also other types of easements that we will have to consider (easement of lights, views).
Services and infrastructures
It must be borne in mind if all the necessary conditions for constructing a building exist in the area: urbanization, water connections, electricity, sanitation and accesses or if, on the contrary, the land is in a type of soil that entails limitations.
If the land lacks these conditions. The feasibility of installing them should be studied and the cost that it could entail. This is information that the city council must provide.
Budget (purchase and sale expenses)
In addition to the costs derived from the purchase of the land and the construction. A series of administrative expenses must be added. Among them, we must consider the expenses derived from the notary. The payment of the registration fees in the Property Registry, the transfer tax.
Conclusion
These are all the general things that you should look at when making such a purchase. But it is important to remember that buying land is a big investment, and should not be taken lightly. By doing your research and planning ahead, you can ensure that you make the best decision for your needs. Alaziz Builders offers a wide variety of land for sale in Islamabad. And Rawalpindi, so be sure to check out our listings today.