Right
place and price
You might now think that with so many plots about
that getting the plot in the right place and at the right price, might
be easy, it will not be. There is no standard way to price a plot and
you will find them from very cheap to very expensive. You will need therefore
not only to know how much a plot is worth to you and others, but to be
able to calculate all the extra costs that need to also be covered in the
plot price so as to be able to negotiate the price down, or have someone
work with you on this. A common mistake is to get an estate agent to do
this, few of these have any real idea of how to do this properly, and
most work on a percentage of the amount spent, so the more you spend the more they make.
The price you pay is critical to making the full
saving, you don't have to get it at an unreasonably low price, but on
the same sort of terms as a professional developer would, allowing for the
costs involved and true local value of the plot. The club has consultants
who look at and negotiate on plots for members.
As plots are not spread evenly, and some
locations will be far better then others, getting a plot at the right
price is never easy, but within a short time you should be able to get
the right one, at the right price for you.
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Quick
estimate of plot value
To get a very quick estimate of the value
of a plot you need to look at the value of a house in the area, that
could be built on the plot. Deduct from this all the costs involved
in putting a house there and the margin a developer would want to
make.
The costs would include the costs of making
up the site, architect or drawings, planning and other costs,
access, services to the plot, foundations, building the house,
heating and other internal services, finishing, bathrooms,
kitchens, decoration, different types of overheads, landscaping, finance,
insurance and the guarantee.
Members have a work book to help them to do
this in detail, plus look at other factors that make a site a good
or less than perfect site.
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