Buying and selling land is one of the sub-branches of real estate investment, and people usually invest in land to get low-risk profits with high returns. If you also intend to invest in this area, there are important points that you should be aware of before taking this action, which we will mention below.
What is the earth
Land is a place where no construction has been done and for this reason, it requires less capital than buying a house. On the other hand, it is a suitable option for having a house according to your desire. Note that before any action, it is better to know what types of land exist and which one you should choose according to your conditions.
Types of land
The lands are divided into 3 categories in terms of being rehabilitated and exploited: 1. Open lands 2. Barren lands 3. Favorable lands Open lands This type of land, as its name suggests, is called land that has been restored and is currently open. The status of open lands is not out of 2 states, either they are being exploited or ready to be exploited. In other words, these lands are exploited consecutively. Wastelands Barren lands are lands that previously had a special use (such as agriculture or shops) and were revived, but since they were not used and exploited, they remained abandoned for 5 consecutive years. Favorable lands According to the literal meaning of Mowat, which means dead and soulless, this name is used for this type of land. Because Mowat lands are those lands that have not been restored and no construction operations have been carried out on these lands. Also, these lands do not have owners.
Land evaluation criteria
In order to evaluate the land, there are many criteria, in this section we will mention the most important criteria: 1. Land document 2. Zoning 3. Physical characteristics of the earth 4. User restrictions 5. Necessary facilities of the land Land document The land document, as the most basic criterion for land evaluation, must be in accordance with the characteristics of the land that is shown to the buyer. Also, a buyer should carefully check the information about the seller or the owner of the land and make sure that the information is correct. Zoning Zoning is what determines the land use of a region. The uses that any land can have are agricultural, commercial, residential, etc. It also specifies the zoning, the type of building construction, the number of buildings and the permitted operations in each building. It is possible to make changes in these zonings over time, and these changes will increase or decrease the value of the land in question. Physical characteristics of the earth The physical characteristics of the land are related to things such as: the area around the land, access to the land, roads around the land, location of the land in the flood path or on the earthquake fault, etc. As much as these features have a positive aspect, the value of the land will increase. User Limitations Each land creates a series of user restrictions according to its characteristics. For example, suppose a person buys a piece of land with the aim of building an apartment, but due to user restrictions, he is not allowed to build an apartment on that land. Therefore, attention to user restrictions must be considered when buying land. Essential facilities of the land Facilities are things like purified water, electricity, gas, telephone. These facilities are among the most essential facilities of a property, including land, and the lack of any of them at the time of the transaction and providing them after the transaction can cause you as a buyer to face many problems.
