Taking precaution about these descriptions before buying land remains key because you can make costly mistakes which you could have avoided. And most people still fear being conned when buying land. As our earlier commitment At Amity realtors due diligence in any of the lands/estates to make sure the land you get under our management is not only risk free but gives a peace of mind .That is why we also take it important to always educate and sensitize you through our media platforms on how best you can avoid mistakes in land markets. Today we bring some of the key ingredients to pay attention to and keep in mind before buying that land.
Ownership: It’s a very big mistake to get attracted to buying a given land proportion without ascertaining its ownership. Fraudulent land dealers always rush willing buyers into transactions and ignore this important ingredient. Work with authorities, neighbours, your trusted real estate dealer/(!I repeat with a trusted real estate dealer or broker) to make sure you ascertain ownership of the land you are about to buy.
Easement: Before buying land also first think about easement. You may have legal access to your property but you will also have to check if an access easement is recorded against your property. Easement may also mean right of way but at times you may find you have bought land and have not right of way meaning you will get a challenge in developing this plot.
Undivided interest: Two or more owners of the property will have undivided interest in property. Whereas one might wish to sell the other might not be interested but remember each has an equal right on that property. Because of this one of the parties might choose to sell behind the ones back, when you get convinced and buy land and in such circumstances you might find yourself at a loss. So investigate if there is divided interest in the land you wish to buy.
Zoning; Zoning is a planning control tool used in cities or municipalities to control and direct development of property .It does so by dividing urban land use into sections permitting particular land uses on specific sites to shape the layout and directing development of cities and towns. This helps to avoid mixing incompatible land uses. If you are not aware of the zoning of an area you are buying a plot in then you might find challenges in developing this plot. Each zone will have a list of allowable uses or any property to be located in that zone for example residential, commercial, industrial or agricultural use.
Public utilities: Before buying that land, investigates whether public utilities are available or within reach. Utilities such as water, electricity, waste management are very key in any residence, short of these leads you to huge costs not only for your stay but also bringing them to your land.
Environmental site assessment; is the process of conducting an appropriate inquiry into the past and present uses to determine the property or land you are buying has an impact on the environment. Some people in wetlands and flood prone areas try to sell land in dry seasons to hoodwink unsuspecting buyers but when an environment site assessment is done it saves you from making some unavoidable mistakes.
Land measurements: They are lands that are virtually useless because of their size. For example, do you think that there are plots that can never get planning approvals in Mbarara city because of their size. Don’t just rush to buy land of any size try to find the size, location and dimension of the land you are buying.
Avoid costly mistakes when buying land and any other land markets related issues feel free to visit us, Amity realtors.