Following these twelve land investment guidelines will help you proceed wisely with investing in UK land
1) Is the investment land in a region with high demand for housing?
The property should be in area that is viable and not at risk of future decline. Review statistics and trends about violent crime, school performance, industry loss or retention, and poverty, as these factors are crucial to determining housing demand. Find out what the city’s position is on funding for, and commitment to improving any of the aforementioned housing demand indicators.
2) Has a full sustainability study been carried out on the land investment site?
The land investment site must be evaluated to see what impact land development would have on the environment and natural resources. Any disturbance or potential harm to archeological sites, protected species, or conservation areas should be noted. Inspect the land’s topography for any sloping or flooding potential. Assess the effect that your potential investment might have on the present character of the land and buildings. Consider if a new development would “fit in” with the existing developments’ character?
3) Does the land investment site have road access? Is there an existing transport infrastructure?
Inquire about any plans for modification of roads that may affect the property in question. If there are such plans, are they already funded and scheduled or are they still in the planning stages? Research factors that affect the importance of access, such as the number of people who commute to work as opposed to working locally.
4) Does the area where the investment land lies have sufficient amenities to support residents of a new development?
Evaluate the quality and enrollment capacity of local schools availability of recreational facilities. Consider not only the quantity and variety of shops, but ask about longevity versus or high turnover of those businesses. Look into the ease of accessing both inpatient and outpatient medical care. Ask about immediate or future plans for addition or removal of any of the above amenities.
5) Does the company with whom you are investing have a successful record of accomplishment with UK Land Investments?
Ask for referrals from current and previous clients and actually contact them. Search public records, industry journals, and periodicals to be apprised of the company’s reputation, stability, and expertise with investing in UK Land.
6) Does the company contractually retain a holding in the land investment site?
Investigating matters such as this may seem to be obvious and unnecessary but will save you time and money in the long- run
7) Does the company contractually commit funds to the planning application for the land investment site?
Be sure that commitment of funds to the planning application for your potential investment in UK land is specified in the contract.
8) Are any overage payments due on the land investment site?
Be certain that overage payment information has been fully disclosed to you. Do not assume that there are no payments due; you must actively inquire about this when investing in land.
9) Will you own the title deed to your investment land?
Make sure that you fully and singularly own the title deed to the land and that you will have full access to the deed.
10) Have you thoroughly explored the contract prior to committing to investing in land?
You must have adequate time to scrutinize the contract when you are as detached as possible from pressure or emotion. Your legal representative must also be able to study the contract prior to the final sale.
11) Are the timescales quoted reasonable for land investment?
Investigate the timescales for existing similar developments to compare timescale quotes and assess the probability of the investments completion according to the unique features of the particular piece of UK land in which you are pursuing.
12) Does the company have an in-house planning team to work on the land investment site?
The availability of an in house team may help facilitate communication, resulting in decreased time delays and greater possibility for higher profits for the UK land investor.