Buying land is a significant decision that requires careful consideration and thorough research. Whether you want to realize your dream of owning your own office or invest in real estate development, there are numerous factors you should consider to ensure that your land purchase is a success.
We are happy to help you with this decision and would like to provide you with some guidance in this guide, showing you the important aspects to consider when buying a property.
1.Location, location, location
The location of a property is crucial. Think carefully about what requirements and needs you have for the surrounding area. Is the infrastructure well developed? Are there shopping facilities and public transportation nearby, and what companies are located in the immediate vicinity? Also consider the future development of the area, as this can have a significant impact on the value of your property.
2.Buildability and building rights
Not every plot of land can automatically be built on. Check the buildability of the plot and find out about local building regulations. It is advisable to take a look at the municipal development plan before purchasing and, if necessary, seek advice from one of our experts. This will help you avoid unpleasant surprises and legal problems.
3.Financing and costs
Set realistic budget limits and calculate all costs. In addition to the purchase price, you may have to pay notary fees, land transfer tax, surveying costs, and development costs. Find out in advance whether you are eligible for subsidies or financial assistance and what the ongoing costs for the property will be.
4.Soil conditions and contamination
A careful examination of the soil conditions is essential. This can have an impact not only on the construction plans, but also on the long-term stability of your property. Find out whether the property has any contamination and, if necessary, have a comprehensive soil investigation carried out.
5.Development and connections
Check whether the property is connected to utilities and has all necessary connections such as water, electricity, gas, and sewage. Lack of utilities can lead to significant additional costs. Also find out about the quality of the existing connections to avoid any unwanted incidents.
6.Future developments
Forward planning is crucial. Find out about planned infrastructure projects, construction work, or other developments in the vicinity of the property. This can affect not only the quality of the location, but also the future value of your property.
7.Legal aspects
Have the purchase agreement reviewed by an experienced notary and clarify all legal issues in advance. This includes not only the legality of the sale, but also any restrictions or obligations that may be associated with the property.
Buying land is a significant investment that should be well thought out and planned. By considering these aspects and gathering thorough information, you will lay the foundation for a successful real estate investment.
Do you need assistance with your property purchase? We are happy to help!
