Consider These 6 Things Before Land Investment
Tips You Need to Know for Land Investment
There are many ways you can do to increase income, one of them is by investing. Among so many types of investments, you can invest in land because it is believed to provide great benefits.
However, you should not be careless when you want to invest in land because there are many considerations you need to make in order to avoid loss. To maximize the benefits, we will share tips on what needs to be done and taken into account when wanting to start land investment. Check out the reviews below until they run out.
Land Location Selection
Before investing in land, make sure you choose a good location. In a sense, choose a location that has the potential to experience high price increases such as in business areas, industrial areas, or residential areas. In addition, land investment locations that are undergoing development, such as has a government development project plan also have good prospects that you can consider.
Pay Attention to Soil Conditions
When investing in land, you must also pay attention to the feasibility of the land that you will buy. Please consider the shape, size, density, flatness, and direction of the land that you will make an investment on, so that making it easier for the development process to be carried out in the future. Consideration of the condition of the land can also avoid any backfill which will certainly cost more.
Consider the Convenience of Land Locations
Before you invest in land, you must also pay attention to the possibility of disasters in the environment, such as landslides, floods, and so forth. Don’t forget, communicate with notaries or residents around the location to find out various things that might be inconvenient, such as presence of waste disposal, grave areas, thugs, and others.
Completeness Letters and Legality of Land Investment
When you want to invest in land, you must pay attention to the legality and completeness of the letter or certificate on the land. You can validate through a notary or official so that the land you buy does not cause problems in the future. This is of course aimed to minimize losses due to purchase of disputed land, waqf land, or land affected by eviction because it is in a location that will be used as development by the government.
Overall Cost of Land Purchase
When you invest in land, of course you have to pay a purchase fee that is calculated based on location and land area. However, not only that, because you also have to calculate the overall budget, such as administrative costs for processing through the Land Deed Officer, which is equal to 1% of the land price.
You can look for Land Deed Official that is close to the location of the land that you are going to buy. Also make sure that the official checks directly, so as to minimize any future problems.
Pay attention to the access road
The Next is you should choose land in a location that is easily traversed by vehicles, especially cars in order to provide added value. The existence of prime road access will facilitate you as the owner to enter and exit and can support business activities because it can facilitate the distribution process.
In addition, good road access will also simplify the process of building houses or other buildings in the future. It should be noted, poor road access will hamper development process and is difficult to use as a business area so you should avoid land investment in that location.
The six land investment tips above you can do, so that the income you will receive will be more maximal. Come on, increase your income in the future by land investment properly from now on!