Buying The Right Piece Of Real Estate

Choosing the right piece of real estate or block of land is another area where a lot of thought (and possibly money) is needed. Just like choosing the right house, you need to get this one right. So many variables or choices to make when choosing your very own piece of real estate.

This is going to be one of if not the most important piece of information we learnt. Make sure your house can suit or be built on your prospective land. You really want the two (the house and the block of land) to go together well, sorry I mean fit together. Could be a real headache if it’s not done right.

We were nearly caught out on this major detail. Since we had actually purchased the block of land first, about a year before deciding on the type of house we wanted. This is where pre-planning would have made things a lot easier. The stage of land release that we purchased had blocks of differing sizes and orientation. Basically a street with the same type of block sizes on one side and different size blocks, on the other side.

We decided on a our present block because of it’s greater depth. Blocks (real estate) are like houses. Remember the word compromise. Naturally the size or dimensions of the land dictate what type of house can be built upon it. Choosing a piece of real estate with a greater depth then the other blocks, meant it was also more narrow than the other blocks.

If I had the chose again I would choose a wider block (more frontages). A lot of the houses we initially liked would not fit on our block of land because of the lack of width of the land. In some cases it wasn’t by much. This as you can imagine was quite annoying.

To have those houses or floor plans altered to suit the block of land, would involved greater cost because of alterations to house plans to suit. This would not have been the case it the block was wide enough to accommodate the width of the varying type of houses. So to put it simply I now know with real estate/size of land, the wider the better.

Our land was pretty much flat so we didn’t have to worry too much about excavation costs. Another lesson I learnt that to date I haven’t seen or previously informed about, is that at times one side of the street can be set at a higher elevation than the other side of the street. I questioned a representative of the subdivision why this is done and his response was either for views or to get as much of the morning sun as possible. I have noticed this difference in elevation from one side of the street to the other, in a lot of the new estates especially if they are built in hilly areas.