Both for those who want to apply their money in a profitable and safe way as those who hope to build the ideal home to live with the family, investing in land is a great option. However, choosing the best terrain is not simple. You need attention to some details that are not as clear as in a house.
When buying a home ready, for example, there are a number of items that can be observed by the buyer during the visits – finishing, cracks, problems on the floor or tiles, for example – on a ground, observations must be made by engineer civil, surveyor. In any case, buying a land to build ends up being a great deal, since the costs can be up to 50% lower than buying a completed house. [See more advantages of building your own home!]
See the best tips for buying land
As with any other business, you have to be careful not to fall into any trap and avoid future problems.
1 – Research the company
Before visiting the land, research the business of the company or the owner. Today, with the internet, it is quick to find information about companies or individuals, know their suitability, if there are lawsuits against and which way they deal with customers and businesses. Only close deal if you trust the seller.
2 – Know the neighborhood or neighborhood
When visiting the land, walk through the neighborhood, drive to the main points and know the dynamics of the region and the neighborhood. Read the district’s master plan for development perspectives and be aware of the infrastructure, security and availability of basic services such as sewage collection and sewerage. If you choose a plot of land, thoroughly check the documentation (permits and approvals for buildings) in the Real Estate Registry Office.
3 – Entrust the assessment of the land to a trustworthy professional
In addition to having the advice of a broker, the ideal is that – in at least one of the field visits – you have the company of professionals able to analyze the topography, soil and vegetation of the land and its surroundings and check what possibilities the constraints for building. The more detailed the appraisal and the pre-projects, the less likely you are to regret the deal.
4 – Check the documentation and logs
Find out what the situation on the land, check deed, registration, registration and see if the taxes are up to date and if there is any judicial pending, such as garnishment or other encumbrance. Do not buy uneven ground, even if there is the promise of immediate regularization!
5 – Be wary of very low prices
Research base values of regulatory tables, such as Fipe, from the Institute of Economic Research Foundation, and distrust values far below the market, as the chances of problems with the terrain are quite large. After all, the homeowner will hardly do business to lose money. Therefore, we talk again about how fundamental it is to assess the terrain, both during the visits as to its judicial situation and in the city hall.