what are the points to b kept in mind while buying a property,or rather the check list before buying land?

Answer 1

affordability...sounds easy. Don't get trapped into getting an adjustable rate and hope that the rate will stay the same or go down before it comes up for review. Your house payment could take a dramatic increase and you might be forced to sell.

next location is never to be dismissed. how far do you want to be from your work, friends, shopping etc.

finally, are you buying it as an investment? if so, then be sure to buy in an area that is appreciating

Answer 2

-check conditions of land loan (downpayment, type of land etc.)
-zoning (residential/commercial) what are the specific uses in these zones, bulk requirements (setbacks, side yards, minimum lot size, width, depth etc.)
-does the land conform to zoning requirements, (if not; is a variance possible, has any previous owner applied for a variance, got rejected if so why?)
-environmental issues (located within a flood zone, wetlands etc.)
-get copy of survey
-is their public water, sewers available
-what type of topography (level, below or above road grade); this may seem unimportant but certain municipalities might not let properties be built if their topography is way above or below road grade.
-is the property accessable (not land locked)
-any easements on the property that would restrict development or use
Even if you are not building on the land yourself you still want to make sure it can be built on. If you do not investigate thoroughly you will not be able to sell unbuildable land.
Alot this info can be checked out at your local planning/building department. They will be able to let you know if it can be built on or not. To find out if there are any easements on the property you would have to check all the deeds on record and get a copy. Your local county clerks office can help you with that.