With the housing boom in our region in full effect we’re seeing buyers rushing in to grab bare land as soon as it hits the market – often without an inspection.
Subdivisions are appealing if you’re looking to move into a brand new community. But the land you inspect at the outset may look quite different by the time your house is finished. Find out if your section is north or south facing, whether it will require retaining and what the services are like. What will the final contours be like? What are the neighbours planning?
Earthworks and foundations can be extremely costly and often buyers are caught out by these additional costs. How long will it be until the house is finished? What pressure will there be on rising costs during this time?
It’s also important to ensure you find out if water, power, phone and gas are connected to the site or whether this is an additional cost. This can also be an issue with local tradespeople in hot demand.
If you’re buying into an older part of town you should look into why the land has not been used before. Are there risks associated with flooding, erosion or any covenants over the title?
Any issues can affect your ability to obtain building and resource consents, cause insurance issues or result in unwanted surprises.
To find out more contact our team today.