In addition to buying a home, investing in real estate it can also be done through the purchase of a parcel of vacant land. How, investors buy a piece of land that could then be inherited or waiting for the right time to be built or resale.
However, buying vacant land though it also must consider several things in order not to lose money. Here are tips that will certainly profitable investment.
Select Location Prospective
Buying a property is to be started from selecting a prospective location. That is because the land could be the production of goods which generate added value if it can be built at home, shop, or other property types.
Keep in mind, the land should have a high investment value. So choose a location that is actually quite strategic. For that, consider the development of the sale value of the property so that you have enough information if at any time be sold or leased.
Before buying, it’s good to check out the allotment of land to the town planning regulations. If according to the provisions of these locations was about to be used as a residential location, it should use for housing. But if it is not used as a non-residential, then establish a shop or other commercial properties.
One thing to note, avoid locations that would be used for roads or other public facilities.
Try to keep getting the best price
When buying, you should get the best price quote. The trick, look at the provisions of the Tax Object Selling Value. When the price of the land under the Tax Object Selling Value value, then the price is the best price.
This can only happen if it turns out the owner of the land was in need of money fast. But, fair enough price which ranges from one and a half times the price of the Tax Object Selling Value.
Do not forget to check the legality
The next step is do not forget to check the legality of the land. Indicators legality of the soil can be observed from the ground and the foundation law status. Preferably, buy land with a certificate.
After that, check the date of expiration. If necessary, the extension of the validity period, then monitor your deadlines. To be safe, you can also use the services of a notary to check the legality of land.
When you’ve bought the land, do not forget to return the name of the certificate immediately after purchase.
Immediately secure the location of the land that has been purchased
Lastly, secure location by way of hedging the ground as border markers. This needs to be done to anticipate acts of encroachment by other parties. To make it look more attractive, the fence can also be made using a number of plants. Besides green, the land also looks slightly unkempt.