Like all things property related, buying a block of land comes with rules, restrictions and limitations that are important to be aware of. As property experts, we’re here to help you navigate these intricate and sometimes difficult rules and regulations.
Once you’ve decided to invest in a block of land, you’ll need to decide on a budget. Find a figure that’s realistic and affordable for you, now and into the future. At this point it’s also a good idea to chat to your bank to find out what they would be willing to loan you, as well as what they think you can afford.
Once you’ve done this, you’re ready to start searching for your perfect block. Some of your first considerations should be where the land is and how its size will suit your purpose. However, it’s also important to be aware of the restrictions that may be in place, and how these would limit what you’re able to do with your land. While we’re here to assist and advise you every step of the way, taking the time to look into some finer details will pay off when you get the perfect property you’re looking for.
The “boundaries” of your land refers to the invisible lines where your property ends and your neighbours’ begins. Before you sign a property settlement, have a look at how the property has been subdivided and ensure that what you’re seeing matches what’s being detailed in the property’s papers.
Before you start making any plans to build, you’ll need to know where your sewer is on the block – this will be a big factor in where and how your home is positioned. To get more information about your sewer, such as the depth and fall of the sewer main you’ll need to contact your local council. They’ll be able to give you this important information, which you should keep on file in case contractors such as plumbers and builders need it in the future.
Not all land can be used in any way and rules and regulations vary a lot around Western Australia. The local council will be able to advise you on rules in your area. For example, there might be rules around how high or large your house can be. If you’ve engaged a builder, have them do a site inspection to ensure you’re all on the same page about what you want, and how it will come to be on this vacant block.
Do some research into how your land might be subject to bushfires, flooding or many other natural elements. Contacting the local council is the quickest way to find this out. If the land is in a vulnerable area you may want to consider purchasing elsewhere, or altering your building materials to something durable and designed to withstand tough conditions.
Buying land can be a great investment, but always remember to do in-depth research on any block of land you’re interested in, before you sign a property settlement.