The Basics of Buying Land: What You Need to Know
Sat 17 Jun 2023
When many people think about buying land, they think about discovering a plot in the countryside, or a spot in a busy town they can call their own.
There are so many TV programmes shown where people have bought land and then built their own homes in a matter of months, and so for some, it’s a romantic ideal. For others, it’s a solution to the problem of finding somewhere completely perfect to live!
Of course, finding and buying land can be a wonderful thing to do, but there are some things you will need to know.
Based on our years of experience of working with people in and around the Chelsfield area, here’s what you need to consider.
Why are you buying the land?
Buying land could be a solution to the problem of where to live, providing somewhere for you to fulfil your long-held dream of building your own perfect home.
But what is it that you want to achieve? Are you buying land purely as an investment, or do you want to build on it, and live there, or build on it and sell it on? The reason we ask is because this could shape where, and when you buy land.
Will building permission be granted?
Let’s suppose you know you want to buy land to build a new home for you and your family. You’ll be living the dream – a row of beans in the garden, a workshop in which to mend and build, and a garden where the children can play safely, and you can relax during the warmer evenings.
So, now think about location. It might be that you want to purchase land in a specific part of a town or village, but how likely is it that you will get permission to build what you want? Does the area come under any local authority restraints?
Councils have local plans they have to put together and these form how an area is expected to grow. If your land lies in a specific area, you may not get the green light. So, it’s important you do your research into the area before settling on a location.
Do you have a plan?
It’s a basic necessity to have a plan, and this must include timings and budgets and doing all the research that will be needed. While it should include everything you need to acquire the land, such as solicitors and agents, it should also have an end game.
If you’re building a house, ideally you should have a date for when you finally move in. If you’re thinking about selling it on, have a plan for that from the outset.
Your first plan doesn’t have to include all the small details, but it should give you a map of where you’re headed.
Always build relationships
This really is a must. You’re going to need to build a rapport with your local council, highways authorities, planners, estate agents, neighbours, even entire communities, depending on the size of your project.
There’s a lot of effort needed when buying land, and much of it is about talking to people and finding solutions for any issues that may arise. You have to be strong-minded of course, and dedicated, but sometimes it might be about compromise in order to reach your goal.
You’ll need to do your research and find out who will have a potential effect on what you’re doing. Work out how best to get in touch with them and do it – it’ll pay off in the end.
Trust the experts
You may have some past experience, but you must expect that you will need the wider experience and expertise of the professionals. For example, here at Langford Rae Property Agents we have extensive knowledge of property, locations, brownfield and potential greenfield sites, and we know all about prices.
A solicitor who has experience in land transactions should be used when you acquire land, and you’re going to need the services of surveyors and those with technical knowhow.
Ask for recommendations, search online for professionals who will do a good job, and, perhaps most importantly, take the advice onboard! If you want more information on buying land or need to know about greenfield sites and brownfield sites and the differences between them, give us a call on 01689862770 and we’ll be pleased to offer you our knowledge and experience.