- According to the results of the ENVI 2020, 57.3% of private homes are built by their owners.
- Evaluating if the land has appropriate conditions, especially ensuring it is not located in flood or seismic risk zones, will be crucial.
Owning a home is something most Mexicans dream of, however, each person has a different vision, and some may not consider buying a habitable home the best option. Instead, they prefer to start from scratch and acquire land to build according to their needs and tastes.
Just according to the National Housing Survey (ENVI) 2020, conducted by the National Institute of Statistics and Geography (Inegi), of all inhabited private homes, 57.3% were built by the owners. So, if you are planning to be part of this statistic and build your own home, the next step is to choose the land where you will do it; a decision that goes beyond selecting a simple piece of land, as it will be the first stone in building your future.
And as we always say, in-depth research is essential, so at Coldwell Banker Mexico, we share some points you should consider to make a critical choice that does not affect your quality of life or the long-term investment value.
• Think about the area you would like to live in: Location is a fundamental point to consider if you are going to rent, buy, and, in this case, build. It is not just about thinking about when your house is ready, but from the construction phase. You should consider not only the security in the area or its proximity to your workplace, schools, medical services, stores, or other important places for your daily life, but also consider the access routes for the construction company when transporting materials.
• Define the dimensions of the place you need: This may seem very obvious to those familiar with the real estate business, but the size of the land is a factor of utmost importance. It will not only impact its cost but also affect the design, room distribution, and floors it could have. Remember that a very large space is not necessarily better, nor what you need.
• Consider the characteristics of the space: If the place is square or irregularly shaped, if it is on a slope or flat, are some of the factors that are not always given the importance they should due to lack of knowledge on the subject. For this, we advise you to approach an engineer or another qualified person to assess if the space has appropriate conditions, especially ensuring it is not located in flood or seismic risk zones.
• Investigate the surroundings: Something important you cannot forget is to inspect the place and learn about what you can do in it, as it may sometimes be close to tourist areas or protected natural areas. Also, researching the projects being managed in the surrounding areas will help ensure your investment. If you detect the construction of shopping centers, for example, you will have the certainty that the value of your property will increase in the future.
• Find out about available services: It sounds logical to talk about the availability of drinking water, electricity, and drainage, but they are not the only ones to consider. These are added to other services such as internet, pay television, paved roads, among others. The importance of each will depend on the use you intend to give to the property you build.
• Check the legal aspects: Last but not least, verify that the seller has a clear title to the property you are considering and make sure the land has all the necessary documentation in order. Investigating the property’s history will be key to detecting any inconsistencies. You should also learn about the permits and licenses required for construction, as well as the deadlines or procedures to obtain them, as non-compliance can result in fines or even demolition of the construction. At this point, it is ideal to approach a specialized advisor.
Now that you know some of the aspects to consider before buying land to build, you can take the first step towards getting that dream home. The process, as you may realize, requires time, research, and reflection, however, by making informed decisions, you will be shaping a future full of possibilities and satisfaction. So, as you embark on this journey, remember that more than building a house, you are building your future. And no matter how big or small the dream, at Coldwell Banker Mexico, we are here to make it a reality.
https://blog.coldwellbanker.com.mx/beneficios-inteligencia-artificial-inmuebles
Reference sources:
https://www.inegi.org.mx/contenidos/saladeprensa/boletines/2021/envi/ENVI2020.pdf
https://www.homify.com.mx/libros_de_ideas/2105822/7-tips-para-elegir-y-comprar-un-terrenito
https://blog.vivanuncios.com.mx/bienes-raices/como-escoger-un-terreno-para-construir-tu-casa
https://www.blog.creditaria.com.mx/como-elegir-un-terreno-para-construir-tu-casa
https://www.inmuebles24.com/noticias/sabias-que/como-elegir-terreno-para-construir-una-casa