If you are looking to buy a plot of land or lot, you must first manage a financial strategy because you make this purchase you can generate a good return as well as may result in a loss that unbalances your finances.
To do this, it is important to consider the type of terrain, as there is a list of advantages and disadvantages between the grounds of commercial area and residential area and evaluate which fits the type of business that you are looking for. There are several options how to earn money to buy a plot of land:
- Buy and sell: you need no knowledge of construction, you should only buy a plot of land at an affordable price and then sell at a higher price.
- Buy, hold, sell: after you have bought a plot of land, waits a time at which the value of this upload to sell it at a higher cost.
- Buy, develop and maintain: if the purpose of your purchase is to build on the ground, you can put it on rent and generate an immediate profit. For this strategy, are the most common options such as:
- Locate your business and provide a service.
- Rental of offices or warehouses.
- Build a shopping plaza.
Aspects that you should consider before you choose a batch:
Usually, it is difficult to find and buy a property that meets all the requirements of your list of needs. For this reason, there is always the option of buying a piece of land to build your own home according to your taste. However, since the purchase of a lot without development is a potential option against the purchase of a property as developed, there are certain precautions that you must take into account before completing any purchase process.
- Location: This is the most important factor at the time of searching for a lot, is the first thing that you should analyze. Is crucial to consider whether the land is located in a central area, but at the same time located in a quiet area. Depends on your needs, you should analyze the location of the lot and its proximity to different services such as public transport, roads, schools, parks, among others. In addition, you should take into account the distance between the batch and your place of work to ensure that the trip is not very long.
- Public services: Another important factor and is essential is to find out how to get access to water, electricity, gas, pick up trash, to the phone or the cable. These aspects are crucial in remote locations, where the cost of connection of the utility may have a higher price. That's why, before you make your purchase of any lot, we strongly recommend you to contact with the water companies and utilities to find out the price in the area in which is located the ground.
- Land size: One of the things that the more you question the people at the time of looking for land or property is how much space you need. In the vast majority of cases, this is a matter of personal preference. When you consider a batch, the more likely it is that you already know how you want to design it. Because of this, the land must be suitable to accommodate the house you want to build and the plans that you are looking to do. In other words, the size must be large enough to accommodate your goals. While most meters have the spot there will be more opportunities, for example, to be able to build a large garden or a garage for your car.
- Possibility of construction: It is important to know in what part of the field can build, since that is not always the bundle can be adapted to the construction of your dream house. Therefore, the topography and the soil conditions are very important topics to consider a lot like the space for your new home. A soil unsuitable may impair the size of the cement-based and the expenses of the building. On the other hand, it is also important to make sure that the ground is level so that your house does not settle over time.
- Future changes: The future changes can have a big impact in your home; for this reason, when considering to buy a lot, you should think of the overall picture. An example would be the arrangements of the public roads, housing developments nearby, or the rezoning. You must ask yourself if these will affect the perspective on the image that you have of your dream house.
- Legal status of the batch: If you are considering buying a piece of land, before carrying out the transaction it is important to review the registration of the property in the Public Records. You can find out by the web page of the National Superintendant of Public Registries (SUNARP). This way, you'll be able to corroborate the formality of the ensemble, see the identification of the owner of the lot, the history of the land: if you have debts, liens, mortgages, or if you are in dispute with third parties.
- Nearby properties: Finally, observe properties nearby can help you get an idea of the situation of the place. Before you buy a lot, it is important to investigate if there are construction projects or future developments planned in the area, because they can influence your plans.
If you have decided which lot you are going to buy, I mentioned the documents you need to complete the transaction:
It is important to be attentive to the documentation to achieve buy the land you are looking for:
- An original copy of the game on the registry of the land.
- If the owner is a legal representative, you must submit a power of notaries that will permit to carry out the steps of sale.
- The land urban land and the summary sheet.
- The contract of sale that details the characteristics of the terrain, as well as data of the new owner and the cost of the land.
- Don't forget that, once you have purchased the land, you must register it in the SUNARP so your purchase is public.