Things to look out for when buying a land plot

Choosing a land plot is a very important stage in the investment and construction process. As a rule, a land plot is selected at the time when the investor or developer have a precise conception of the functional purpose of the future project. However, things may be done in a reverse order, when a project is constructed at a given land plot in compliance with the functional purpose of the territory.

A correct choice of a land plot in accordance with defined purposes will not only provide for minimum expenditures for construction and as a result fast return on investment, payback of funds, but will also guarantee a successful implementation of the whole project.

So what are the things to look out for when choosing a land plot?

First of all one has to make sure that the functional purpose of the territory in which the prospective land plot is located corresponds to the functional purpose of the future project. There are certain restrictions connected with the land status and its approved use. For instance, capital construction is not allowed on the lands of forest reserves and farmland, and on the lands of settlements it is not allowed to construct industrial projects with hazardous emissions.

It is equally important to check that the documents for the land plot are Ȝstraightȝ. To do this one must engage professional lawyers who will provide legal backing at the initial stage of land plot acquisition and follow through the transaction to the execution and state registration of the purchase and sales contract or assignment agreement, in case the land plot is leased.

However, investors tend to underestimate other properties of the acquired land plot. Such as the availability of transport infrastructure corresponding to the project requirements, utilities ensuring normal operation of the future project or the possibility of their perspective construction as well as obtaining sufficient capacities for all kinds of support facilities.

Besides, in order to make a correct estimate of expenses for implementation of the future project it is important to make a comprehensive assessment of the utilities present on the land plot and to calculate the cost of works for the rerouting required to clear the territory for the project. One must keep in mind that the existing regulations often do not allow to construct structures and installations over (under) utility lines as well as in their technical maintenance zones.

Thus when selecting a land plot for the construction of a project we must take into consideration availability of utilities on the land plot or close to it, including overhead high-voltage lines. In this case it is necessary to develop project documentation for their rerouting, including further construction and assembling operations. Sometimes the situation of a project requires that utilities on the land plot be taken outside the boundaries of the territory.

A land plot or its part may be subject to other kinds of restrictions connected with water protection zones and conservation areas, zones of preservation of historical monuments and others. Some restrictions may also be caused by the neighboring or closely adjacent real estate projects.

IDENGINEERS employees are aware of all these and many other aspects, which they use in their everyday work. Our experts perform technical audit of prospective land plots, provide necessary recommendations and help investor take the right decision in the process of purchase of land. After this they manage the design and construction works irrespective of their complexity, relying on the long experience of working in Russia. They help obtain all the necessary approvals and specifications. They employ the latest technologies and solutions to pursue the main objective – early implementation of the project.

We are proud of our achievements and will be glad to offer you our skills.