The Differentiating Factor!

Owning a plot of land is a dream for many, and realizing a dream is a fulfilling and surreal experience for each. The decision to purchase a piece of land is a big and important one that requires careful consideration of various factors. Searching for the right plot, shortlisting them, and narrowing them down to the right one can be an arduous task, as all those shortlisted could be similar in their offerings.

Listed below are a few pointers that might help identify the differentiating factor that sets apart the plot of your dreams.

Check for prospective expansion

Rapid development, urbanization, and a city’s progression come bundled with benefits and consequences. While buying a plot, ascertain the infrastructural development plans in its vicinity. A massive development plan, for instance, the inclusion of a metro line or widening of roads with broad footpaths, can surge property prices, which is a good thing. Nevertheless, due diligence to assess if this development runs through your property, and if this development involves the government reclaiming/acquiring your land should be given. In such a scenario, it is best to consider alternatives. After all, you wouldn’t want your dreamland to be reclaimed.

Factorizing Future Developments in Plot Selection

During the plot search and selection process, you certainly would have considered the location benefits of the land, such as proximity to educational institutions, healthcare facilities, other facilities, and so on. But what also needs to be taken into consideration is the opportunity for future developments. If your plot is within a gated community, it will be wise to opt for a plot that is not along the perimeter, as these are often the first targets when an infrastructural project needs more land than is available. In case of fewer options, assess the risks before taking the plunge. For instance, if the plot is a standalone property, i.e., not inside a gated community, then research must be made about the projects in the pipeline with the help of the local municipality, and re-verify that the land is approved by the development corporation, to ensure that your plot is safeguarded from all futuristic developments.

Observe for slopes or unevenness in your land

One must never assume that the plot is a flat piece of land, instead, ensure that the plot does not have slopes or uneven patches. If the plot is on a slope gradient, then the land would need to be filled or cut to make it even. Alternatively, a house, if you plan to construct one, can be designed taking advantage of the slope, although this comes at a price. Do take into consideration that the presence of a slope can reduce exposure to sunlight. It would be wise to weigh in all the benefits before making the final call.

Check for the presence of water bodies

A bountiful water body in a 5 km radius could do wonders in the long run. Having a water body results in a good water table, thereby reducing your dependencies on borewells and water tankers. Not just that, a good water table level also ensures that the quality of water you receive has much lower TDS levels (total dissolved salts) which equate to a lesser load on your water purifier systems. A combination of the above can mean economic saving, contribution to the ecosystem, sustainable living, and health benefits – a win-win situation for all.

Proximity to Nature and local amenities

If you are a nature lover, you could take into consideration the proximity of the plot to natural attractions such as parks, rivers, and forests. If not, look for other local amenities such as libraries, art galleries, community centers, and other cultural places of interest that are likely to keep you engaged and entertained during your leisure time.

While all the commonly known factors help you narrow down your favourite picks, these pointers will help you identify the uniqueness and the differentiating factor that sets apart that one plot you plan to buy. These can also prove to be excellent risk assessment tools. Assessing the risks, and eliminating or accepting them, at the initial stages goes a long way in ensuring that all the time, money, emotions, and feelings invested in buying the plot remain with you for life.