The big mistakes many people make when buying a plot and how to avoid them
1. Work with a budget: Gauge your financial muscle and pick what you can afford and whether you can do that on cash or instalments. Many people save up and do a one-off buy while, as it’s done at Fanaka Real Estate, you can put up a deposit and pay up in instalments.
The downside of saving is that by the time you hit your target the value of the property will have risen. What this means is that you should be able to pay for the land without putting too much pressure on your finances. Go for a seller offering competitive prices and flexible payment terms.
2. Identify the area: Location is important as it determines many other things including price, security and distance from key towns and cities. That is transport and communication.