Nothing feels better than the pride of ownership, the feeling of safety and security of owning a home. Owning a raw piece of land comes with superior benefits due to its stability and simplicity. A recent press release revealed that land close to the beach is in limited supply on the Sunshine Coast. However, before purchasing new lands Sunshine Coast offers, there are a number of things which need to be evaluated. These factors are highlighted in this article.
Zoning of the property
First, you need to find out what is the zoning of the property. It will help you find the highest and best use of the property you want to purchase. Zoning of property can be classified into industrial, commercial, agricultural or even mixed use purpose. You can find this information from the local planning and zoning department. In addition, you can use that opportunity to find out more about what type of zoning classification do various types of property fall under. With this information you will know if buying the new lands Sunshine Coast has, is what you want.
Topography is the study of the shape and features of the surface of area; the natural and artificial physical features. Studying the topography of a property before you buy it, especially if it’s a vacant, out of state land, is very important. Lands tend to be unpredictable and some places have elevations, cliffs and ravines among others. Finding out about the topography will inform you whether you can construct a particular property.
Reasonable tax for a property is usually one to four percent of its full market value says Seth Williams, an experienced land investor. Before you buy any of new lands sunshine coast has, you need to find out its tax obligation. Though is does not happen often, there are properties with high tax proportion. So if you are intending to buy and hold on to a land better know how much tax you have to pay.
Available public utilities
If you are planning to buy any of the new homes sunshine coast builders offer for sale, commercial area or even land for building an industry, public utilities are very important. This is because there will always be need for water, electricity, gas and phone to name a few. Utilities highly contribute to a property’s usability, marketability and value. Know any obstacles you might face as you make use of the property you have purchased before making any final decision. More details waters