If you are a self builder, purchasing a self build land is indeed necessary. However, you need to be very cautious before you purchase a land. Do not be fooled by lands sold at an unbelievable low cost. There might be something behind the lot which urged the seller to sell the land at a much lower cost. If you are looking for a good land to buy, make sure that you take note of the things that you should take a look into.

Firstly, a good land must be within the development zone. If for an instance you will find a lot that is outside the development area, you should not be wasting your money in buying it. One way to make sure if the land is within the development zone is by checking it with your local councilors. You can ask for a detailed map which clearly shows the land that is within the development zone. The next thing that you should take a look at is the planning permission. If the land will not be awarded with a planning permission, then there will be no way that you will be able to develop that land. It will not really matter if the plan does not coincide with what you really would want to build. After all, you can always request for a change of plan in the near future. Not all good lands can be found in popular country sides. Even farm lands can be a good buy, provided that they are able to meet the criteria. More so, never assume that a low cost land will increase its value in the future, unless you are sure that development and planning permission is granted.

After you have decided which plot to purchase, you will then need to identify the process of buying that would be beneficial on your part. The two most used options are as follows:

First option you can have is the informal land auction. Normally, self builders are using this method, although those who are leaving in Scotland may not benefit from this. If you will utilize aninformal land auction in purchasing a land, you can choose from two different methods. It is either you purchase a lot directly from the owner, or an agent will mediate the transaction. This method is made possible by the increased number of plotfinder websites in the internet.

The next option that you can opt to is a public auction. At public auction, lands can be sold at a much lower price because you will have to pay in cash with a certain amount that should be paid immediately. This option will not be applicable for self builders who will need to make arrangements with mortgages or other financial companies.

No matter what type of purchase you would choose to partake, it is very important to set your finances first. Make sure that you are clear with your budget and that you should see to it that you will stick with your budget. This is very important to save you from dealing with unwanted problems in the future.