What should be considered when buying land?

Building your own home, developing a small project, agricultural use, commercial operation or the prospect of long-term value growth does not produce the same list of research. When the goal remains unclear, the low square-foot price alone can seem like a strong opportunity. However, the use you need may not match the plan decisions, parcel format or access conditions.

The first note should include the intended use, approximate building program, investment period, financing method and acceptable level of uncertainty. So the research asks, “Is this land cheap?” from the question “Is this land working for the use I planned and at what cost?” moves on to the question.

• Intended use and approximate indoor-outdoor space requirement
• Choice of immediate development or long-term waiting
• Project and production budget excluding purchasing
• Acceptable plan, duration and infrastructure uncertainty
• Exit scenario after sale, partnership or development

Decision frameworkThe potential of the land is not independent of your use case.

A parcel that looks buildable on the plan; It may not meet the targeted project efficiently due to shape, slope, pulling distance or cost.

TKGM Parcel Query; Finding the location by city, district, neighborhood, island and parcel is a useful start to see the approximate border and basic parcel information. However, this screen is not proof of ownership, current encumbrances, official boundary application or development rights. Registration and, where necessary, cadastral work should also be verified to ensure that the location shown on the site is the correct parcel.

In the current land registry sample, the owner, share, surface area, qualifications and rights and restrictions on the real estate should be examined. If there is more than one stakeholder, it should be noted that what is purchased may not be a specific corner of the parcel, but the share on the entire property. Issues such as power of attorney, inheritance, pre-emption or joint use should be evaluated by the lawyer according to the concrete record.

It can be said in an announcement or verbal statement that the land is zoned; However, the type of plan, scale, approval date, usage decision, plan notes and subsequent changes should be seen for the decision. The general decision in an upper-scale plan is not the same as the parcel conditions in the implementation development plan. The current plan and any suspension-change processes should be investigated from the competent administration regarding the e-Plan.

Building layout, density or precedent, base seating, height, draw distances and special plan notes work together. None of these alone will produce the result "this many square meters can be done precisely". The shape of the parcel, its facade, the need for road abandonment or regulation, and neighborhood conditions affect the architectural scenario.

• Type, scale, date and authorized administration of the plan in force
• The decision to use the parcel and its application conditions
• Plan notes, legend, plan changes and suspension information
• Possibility of roads, green areas, equipment, abandonment or arrangement
• Realistic building program tested with architectural preliminary study

Proximity to the road on the map does not indicate uninterrupted and legally usable vehicle access. Environmental conditions such as actual road, cadastral road, elevation difference, stream or power line; may change the project decision and cost. Viewing the parcel in different weather conditions creates initial questions about water flow, ground surface, and adjacent uses; but it is not a substitute for a technical review.

The appearance of electricity, water, sewerage, natural gas and communication infrastructure from a distance does not mean that the connection can be made immediately and at a low cost. Relevant institutions should be asked about the connection point, capacity, permit and approximate investment requirement. Map, geology and engineering data for slope, retaining, excavation-filling and ground conditions should be examined by experts appropriate to the project scale.

• Legal and actual road connection
• Plot corner points, elevations, slope and drainage
• Electricity, water, wastewater and other infrastructure connections
• Neighboring construction, view, noise and future plan decisions
• Special survey requirements such as ground, flood, landslide or protection

In addition to title deed transaction and financing expenses, map, application, plan-project, ground survey, permit, infrastructure connection, excavation, retaining and pre-construction waiting costs may be added to the purchase price. Preparing an optimistic, balanced and cautious scenario with the same items for each parcel makes the reason for the seemingly low price more visible.

Value increase or plan change should not be accepted as a definitive result. Establish the decision with the rights in force today and verified costs; Consider future positive developments as additional possibilities. Convert the time required for document review, plan validation, financing, and technical research into written terms in the proposal.