When it comes to purchasing land, it’s crucial to understand the distinctions between residential land and acreage land. While both offer unique advantages, their differences in size and purpose can significantly impact your decision. In this blog post, we’ll delve into the disparities between these two types of land, highlighting key factors to consider before making your choice.
Residential Land: Residential land typically encompasses plots ranging up to 1,000 m2. This type of land is commonly developed by builders or property developers, with essential services such as full pressure town water and sewerage already in place. Residential land provides an ideal setting for building a home, as all necessary infrastructure is readily available. The convenience and ease of construction make residential land an attractive option for individuals seeking a hassle-free building process.
Acreage Land: Acreage land, on the other hand, spans from around 1,000 m2 up to 20 acres or more. Often found within acreage estates or previously farmed blocks, this type of land offers privacy, freedom, and the potential for higher property value. Acreage land appeals to those who desire a larger property and a more rural lifestyle. However, it’s important to note that acreage land may require additional considerations and expenses due to its size and potential limitations in terms of services and infrastructure.
Factors to Consider When Evaluating Land:
1. Contours: Take into account the slope or fall of the land where you plan to build. This will impact the feasibility and cost of construction.
2. Orientation: Consider the direction the block is facing. Avoid having the hot afternoon sun hitting your outdoor living spaces directly.
3. Price: While finding the lowest price may be tempting, it’s essential to consider any hidden costs. Assess whether the block’s additional expenses, such as overlays for landslide, bushfire, or acoustic mitigation, make it a cost-effective choice.
4. Rock: If the land contains significant amounts of rock, it can be costly and challenging to remove during construction. Evaluate the suitability of the land for building purposes.
5. Services: Determine whether power, water, NBN (National Broadband Network), and sewerage services are included or easily accessible. This will influence the convenience and cost of connecting utilities.
Understanding the Full Picture: Choosing acreage land may initially seem like a more affordable option compared to residential land. However, it’s crucial to consider the comprehensive financial implications. Building a home on acreage land often involves additional costs, such as constructing drainage systems, firebreaks, and managing electrical and water supply. Make sure to factor in these expenses when comparing prospective purchases to avoid any surprises down the line.
Consult the Experts: If you’re still uncertain about whether acreage land is the right investment for you, don’t hesitate to seek guidance. Reach out to Leonard Homes, and our experienced builders can conduct a free assessment of your chosen block of land. We’ll provide expert advice tailored to your individual requirements, ensuring you make an informed decision.
Understanding the differences between residential land and acreage land is vital when deciding on the type of property that suits your needs. While residential land offers convenience and ease of construction, acreage land provides privacy, freedom, and potential long-term value. Consider factors such as contours, orientation, price, rock content, and available services before finalizing your decision. By thoroughly evaluating your options and seeking expert advice, you can make an informed choice that aligns with your vision of the perfect property.
