For first-time land buyers, it is a huge decision, especially if you are planning to build your own house. When you are searching for plots in Medavakkam, you have to consider more than just the price and the location. The choice can be influenced by the size of the plot, connectivity of the road, surrounding development, documentation, approvals, infrastructure and the requirements for construction in the future. Awareness on these issues will enable first time buyers to select a plot which fits their family needs, their budget and their long range plans.
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Before Buy a Plot : Plan and Execute
Before you begin looking for land, take a moment to think about what you need it to hold. Think about how many people’re in your family, the kind of home layout you like and how many floors you want. Also consider if you’ll need space for parking. It’s important to think about how your needs might grow or change in the years. When you know what you want to build it becomes much easier to find a plot that fits your plans. One with the size and shape, for your dream home.
Consider the following requirements :
- Number of bedrooms required.
- Space for the car
- Number of desirable storeys
- Open space and gardening needs.
- Potential for growth
- Desired home facing and floor plan
- Total budget for land and construction
Planning these requirements in advance can narrow down your property search and make it more realistic.
Choose a Suitable Location in Medavakkam
Don’t just look at the price when selecting property for your house. See how accessible it is and if there are basic services nearby, as schools, hospitals, markets, places of work and public transportation.
Travel to the region to experience the neighborhood and observe what has been constructed. A mature housing development might also make daily life more convenient once you build your home.
Some important location factors are :
- Road connectivity
- Accessibility to main roads
- Nearby schools and hospitals
- Shopping and daily necessities
- Public transportation
- Availability of basic infrastructure
Choosing a plot in a location that fits your lifestyle requirements can make your future home life more convenient.
Check the Plot Size and Dimensions
In addition to the total acreage of a plot being important, the shape and dimensions of the plot can also impact your house plan. A plot of land with right front and depth can also give better choices to design bedrooms, parking spaces, staircases, ventilating yards etc.
Keep these points in mind :
- Size of the plot area
- Plot width and depth
- Shape of the plot
- The road side
- Parking space required
- Regulations of setback
- Possibility of future expansion growth.
Verify Property Documents Carefully
Before you buy land, read all the relevant documents carefully. Particularly for first-time purchasers, it is a must. Do your own due diligence on legal title and property documentation, and don’t rely entirely on what a seller or agent tells you.
Some of the following documents may be required from the buyer in case of particular properties:
- Parent documents
- Encumbrance Certificate
- Patta and related land records
- Survey details
- Approved layout documents
- Relevant planning permissions
- Property tax or similar documents
Before you sign, you may want to have a real estate attorney or other real estate professional review the documents.
Check Road Access and Infrastructure
A good road is required for living on and built on in future. For a plot, you have to visit the site and see the actual road of the property. See that the road mentioned in the papers and the road on the ground are the same.
You also have to check for the availability of some important services in the area of the property, like electricity, water, sewage and so on.
A personal tour to the site can give you a more realistic illusion of the property than web photos or ads.
Consider the Surrounding Development
The quality of your living experience in the future can be influenced by the type of neighbourhood that forms around your plot in the future. Think about the development that is already around the property and if the buildings, roads, shops, schools, and other services are already there or are planned.
When you’re in the area, take note of the following:
- Nearby houses and buildings
- Type of road
- Drainage system
- Presence of electricity
- Water services
- Shops and basic services
- Schools and healthcare facilities
- Overall neighbourhood environment
Choosing a site in an area that matches your way of life can help ease living in your future home.
Set a Realistic Budget
If you’re a first time buyer, you need to understand that the cost of the plot is not the only cost of building a house. Your total budget could also encompass fees related to registration, professional fees, construction costs, approvals, utility connections, interiors and such.
Before buying land, make a realistic budget and allow for some overhead.
Your budget needs to include :
- Cost of plot buying
- Bureaucratic and other such charges
- Legal fees for checking the title
- Designing, architectural and structural planning
- Building expense
- Expenses towards approvals
- Utility connections
- Interiors and finishing
A defined budget will help you avoid the mistake of buying a property that puts financial strain on you later.
Check Approvals and Legal Status
Before buying a plot, check its approval and development status. Not all plots marketed as residential plots have the same approval status.
Check for relevant layout approvals, land classification, survey details, road access and other relevant information. For first time buyers, especially, professional verification is crucial as they may not be aware of property documentation and local requirements.
Doing due diligence and authenticating these details prior to purchasing can reduce the chances of problems down the line.
Compare Different Properties
First-time buyers should not make a decision after looking at one property. You can look at different plots to understand the differences, in price, location, dimensions, and how easy it is to get the documents involved.
Prepare a basic comparison checklist and evaluate each property against the same criteria. This can help you make a more informed decision, rather than making a choice between plots based solely on their listed price.
Plan Construction After Buying the Plot
Once you choose the plot, it is time to work out the construction process. It means that you will have to consider the design and structural aspect of the building, select the budget, the materials, the construction schedule, etc.
There are some professionals who will be able to assist you in organizing all the above steps and implementing your project. One of such companies is Chennai KP Civil Construction.
Final Thoughts
When buying your first piece of land for residential use, there is a lot of research and planning involved. Factors such as location, size of the land, permissions needed, infrastructure, and the budget will have a bearing on how well you build your dream home. When buying pieces of residential plots in Medavakkam, always try to choose the right one from among the options open to you. As long as you know which one will serve you the most, good planning and construction services will come in handy.
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