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Checklist for the land purchase - expiryBuying a property is not so easy, as many immediately think. A lot of things have to be taken into account and essential steps must be taken and must not be forgotten, so that the fun at the end of the property is clear.
Therefore, one should stick to a checklist for real estate buyers, which provides a step-by-step plan for buying land.
The property search
Of course, the first step in the purchase of a property is the search for a suitable piece of land. That particular attention is paid to size and prices is a matter of course.
When selecting the building plot, however, one should also consider the individual needs of the family. They are primarily crucial in terms of the location of the property. If you have children, so should school and kindergarten be in the vicinity, you do not have a car, a good connection to public transport is particularly important.
The question of distance to the workplace should also be included in the decision.
If a plot of land has been selected, you should take a look at the development plan of the municipality, because this defines the type in which a particular area may be cultivated and possibly there may be construction restrictions.
Since buying a property and building a house on the property is a decision for the whole life should
Second-class solutions are avoided.
The determination of the costs
The cost of a property has not reached its end with the seller's purchase price. In order to be protected against unpleasant surprises, one should absolutely get an overview of the expected total costs before buying. First of all, it therefore makes sense to commission a property valuation from an independent expert. This is how you get to know the actual value. Thereafter, the additional costs must be "captured".
One aspect here is the development costs. If the property is not yet fully developed, so you should contact the community and the
Supply companies for gas, water, electricity, telephone and cable TV to get prices and dates.
The soil condition can also influence the cost factor. At best, there is a soil survey, if not, so you should also consult an expert here. Wetlands can cause moisture in the house, loam and clay soils or even rocks cause additional costs when digging the excavation.
A second view of the property
Even if the property seems suitable at first glance and affordable in the additional costs, then you should take a second, closer look behind the scenes, because there is also potential for frustration. In concrete terms, this means that the property is examined for past and future burdens. Contaminated sites can be, for example, previous industrial use that has sometimes contaminated the soil.
Similarly, the zoning plan is important, because if it is not a pure residential area, you should be sure that in the future not in the neighborhood of the construction of a composting plant, a highway or the like is planned. Likewise, the course of supply lines and radio towers must be carefully considered.
When all this is done, it's time to get a glimpse of the land register. Here things can be defined that affect the property buyer in his freedom of action.
In addition to building restrictions, these may equally be residential and pre-emption rights, hereditary building rights, rights of way or swing rights for farmers. Restrictions on disposal are also important as they are often due to bankruptcy or foreclosures.
The land purchase as such
If there is nothing left to prevent the purchase of a property after weighing all the above-mentioned components, the contract negotiations are now indicated. On the basis of the available appraisals, besides the purchase price in the sales contract as well as other purchase conditions, such as the
Assumption of the development costs on the part of the seller.
The conclusion and signing of the purchase contract must be made in writing and must be completed in the presence of a notary and be certified by the notary. He also informs all authorities and institutions that need to be notified of the change of ownership.