What to Consider When Buying a Plot
Building from scratch is one of the purest expressions of construction; Crafting something from nothing can be a truly fulfilling experience. However, there are still a number of things that can go wrong. Today we look at some things to consider before you even buy the plot.
Location, Location, Location
It may be a well worn trope, but that's for a good reason - it's brilliant advice! Make sure that the location is suitable for your purposes, whether that be for yourself as your own home or in the ideal location for sale on completion.
Can you service the plot? If you're too far away from electrical or water networks, the cost of servicing the plot can get very expenses. Even where this could be supplemented with renewables, it's also worth considering if you can access high speed internet and a strong mobile signal. Your dream home could soon turn into a nightmare if you can't get online!
Whilst it's important that your vison fits on the plot, it should also be appropriate to the area. If your proposal is to small or too large for the area, it runs the risk of not getting planning consent and/or not being saleable on completion.
Get advice from a solicitor! Ransom strips, rights of way, restrictive covenants etc, can quickly spoil your day by stopping you do what you want to do.
Depending on what you want to do, some investigation of the ground conditions may be in order. Certain parts of the UK, such as South Wales have a history of mining and geological instability which can either prevent construction or make it prohibitively expensive.
Whilst this isn't an exhaustive list, we do hope that you find this article as some useful food for thought for your plot purchase.