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Warning Signs To Check For When Buying Or Investing In Land - Investment - Nairaland

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Warning Signs To Check For When Buying Or Investing In Land by vikt: 11:43am On Oct 07, 2022
I remember way back a man had paid for an acre of land and during the raining season he discovered that he had bought a flooded parcel of land. Buying a land, you must be extra careful before spending money on any land which interests you to buy.
There can be a lot of uprising issues and problems lurking beneath the surface of any piece of land you are trying to buy. The most common fear in buying a land in most cases is land grabber fraud issues where the buyer had to face a lot of losses dealing with land grabbers, but I tell you now that there are many issues when buying a piece of land. However, land, if bought in the right way can be beneficial in many ways.
Here are things which you must look into before purchasing or investing in that land.

• Know the Topography of the Land so that you can’t build a house on 90-degree sloppy land
• Ask for the Required Building Setbacks for drainage and roads; many houses have been cut in to half by the government about not leaving a certain dimension or setbacks before building.
• Check if the Property is Located in a Flood Zone. If a land is at risk of flooding or is in a waterlog area, it can be extremely expensive to maintain.
• Find out if the Land Falls on Circular roads because the government might come up one day to dualize a particular area and before you could say anything you land or house might be under a government plan for roads, electricity drills, and train tracks. So many people had fallen prey to circular issues.
• Is the Property Landlocked (Are there any Access Roads to the Property)? I have seen many houses and land that have no road access. They are surrounded on all sides by other property. I wonder why they think they don’t need roads… it’s just very funny!
• Know the Size and Shape of the Parcel of the land. Depending on the states there are government standard sizes so be sure they are offering something close to the standard plot size.
• Demand to know the former use of the Property; some discovered that what they thought was a vacant land, was actually a dumping area. If you’re going to buy a piece of land, make sure that all you’re getting is LAND.

To be on the safe side gather proper information regarding the land you are trying to buy from the legal titles; the history of the land; the documents you will need to proceed with the buying. To buy a dry and plain land contact Stockland homes and property via Call/Whatsapp on 08134960955 now for more info

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