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Buy Land to Build a House: Everything You Need to Know

Buy Land to Build a House: Everything You Need to Know - Tips for the purchase of land to build a house, from the building index of a land to the choice between agricultural or building land.

Buy Land to Build a House: Everything You Need to Know

You decided to buy a house and make it according to your wishes. But you lack the land to build your future home and – even bigger – you don't know how to locate it. That's why you're looking for some useful information, from the cost of building land to the main factors that can influence building. And if it's your first time buying land to build a house, you're sure to be wondering what steps it takes to complete your purchase without risk.

To help you in the business we decided to suggest some tips to buy the land to build a house:

  • decide where to buy: it's definitely the most challenging step of all, but thanks to the web you can easily get an idea of the types of properties available and their prices;
  • prepare a list of questions to ask the seller: for example, it is advisable to ask him if there is a water source, if there are restrictions or if there are already pre-existing structures on the property;
  • carefully observe the terrain: check if there are roads or passing rights, detect the presence of possible wells and streams and find the boundaries of the ground to check if they are respected by the neighbors;
  • get to know the neighbors: compare with them to see if the lot you want to buy has the ideal characteristics. In this way you will have a more objective and disinterested view of the land to buy;
  • Check the land map of the area: it is useful to know if the surrounding land will be manufactured or will always remain low in construction development. Then check to see if you need permits to build and if there are already approved projects in that area;
  • check the property valuation: if the area has been estimated more than its real value, you will pay a higher purchase price;
  • tries to have a precise idea of the boundaries of the terrain: it is not easy to know what are the boundaries of a terrain since these, very often, are not exactly perpendicular to the road or do not follow the stone walls. For this reason, you will need to have an expert perform an expert's report and request the intervention of an expert to make the measurements. In addition, by requiring the seller the plan of the lot you will have clearly visible these boundaries;
  • Make an offer to the seller: if you have found the land to build your new home, it's time to make an offer. Remember to always offer as little as possible so that you have the option to bargain in the event of a counter-proposal. If you're able to do a good deal, you could really make a great deal!

We have therefore set out the fundamental criteria to be followed in order to buy land without risk. However, you must know that the land is not all the same but is distinguished in two main types: agricultural and building. In order to build a house, it is important to evaluate a key factor: the building index of a land.

What is the Building Index

This value is expressed in mc/mq or sometimes even in mq/mq. It basically defines the ratio that indicates how many cubic or square meters of construction are achievable for each square meter of surface.

This index is a tool used mainly in municipalities and in the planning of the territory, since it refers to the areas or areas within which public spaces and services are still to be obtained.

Building on farmland

Contrary to what you can commonly think, you can build on agricultural land. This is not only permitted but also very affordable because the purchase price of agricultural land is far lower than that of building land. Convenience is linked to the building index of this type of land, which varies according to the Region and the Municipality, although it generally stands at around 0.3 cubic meters per square meter of the total land area. This means, in practice, that on a plot of 10,000 square meters it is possible to build a house of 300 cubic meters (about 100 square meters). However, if you choose to build on agricultural land, you must first check for environmental constraints that could compromise the construction of your home. Another element that needs to be careful is the presence of ruins on the ground. In this case, investing in the purchase of the land may not be convenient, even for the discontinuities between the existing construction and that of the new construction. Any new construction could be very expensive if it adheres to an existing building.

Building a house on building land

A building site is an area specifically intended for the construction of buildings: civil, urban or industrial. This means that the building index of such a terrain is very high and, above all, that its price will be higher. For building land, building can be up to 1.5, meaning that for every square of land you can build exactly one and a half cubic meters. But to know the true building index of the land you will have to contact the Technical Office of the Municipality of Relevance and request all the necessary data. Only then can you establish with certainty the cubage of your new home and therefore its area in square meters.

Building land cost

But how much does it cost to buy building land? The costs of building land are usually determined according to the cubic meters obtainable (mc). They also vary depending on the type of land (land, building or territorial).

It can also affect the cost of buying land that can be built by the presence of special constraints. The real value of the land is then impacted by a whole range of factors, including location, healthiness, noise of the area and panoramicity. For this reason it will be good to request the advice of a surveyor or engineer, in order to have an accurate estimate of the value of the land.

From a tax point of view, for the purchase of building land and related relevance, sold by Enterprise, VAT of 22 applies, with register tax, land tax and mortgage tax equal to 200 euros each.

In the case of the sale of non-farmland and related relevance, sold by a private entity, you will pay the register tax of 9, plus mortgage tax and land tax of 50 euros each.

Other factors that influence the price of building land are the constraints of building, the degree of urbanization and proximity to the city centre.

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