Land Lord or Lord of the Land
Referring in particular to Romania, it is good to know that this is one of the countries with the greatest agricultural potential in Europe.
There are many problems but the situation has improved and now this area is considered one of the most important drivers of the economy.
While housing prices have declined since 2008, farms, fields and forests experienced rising prices. Consequently, if somebody decides on buying land, for maximum benefits and profitable investments there are a few things they have to know.
The first thing you need to do before starting the quest is, establish the budget, depending on the purpose. If it is a land on which you plan building a house,the price is set per square meter and varies greatly from one area to another. Sometimes, the price differences are unexplained, sometimes depend on the facilities of the land (water, sewer, electric line – elements that need to be taken into account anyway).
But If someone plans not to become a landlord but a lord of the land and turn it into a profitable business than the best choice is buying land for agriculture. In the case of farm land and orchards, price is per hectare. Here the differences are large and depend on the land surface, soil quality and the variety of trees( the case of an orchard).
When you set your budget, you should not only take into account acquisition costs but also other related expenses such as taxes, construction costs and fees, if you buy through an estate agent. Some of the details you need to check, can only be verified with the help of a specialist, and for this you need costs. Do not just rely on a specialist and real estate companies, even if they have their role.
You can just look for the land yourself. You have many chances to find what you are looking and get rid of the extra costs for intermediaries. It is best to check when buying a land, even government auctions. Usually this land is cheaper but it can be involved in various financial complications. Another tip: invest in farmland in the outskirts of major cities. Sooner or later they will become land within the built-up area and their prices skyrocket.
Among other things that need to be looked into are the potential of the region, its evolution, access roads and other means of transport, if you want to do agriculture. Take also into account the living conditions in the area. Essential and mandatory is checking ownership of the land and make sure that everything is clear, without any doubt. It is best to check if the price the seller asks is correct.
And you can do it by calling an expert in real estate or even easier browsing the internet and compare prices, for there are lots of internet sites, such as, Businesses-properties.com providing useful information for everyhing one needs to know.
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