Although it has existed for a long time in the real estate market, land for many investors has always been a real estate channel worth investing in. However, for those who are new to real estate investment, they may still not fully understand about land and types of land. Let's learn more about land-related issues with AHS.
Ground concept
An area of land owned by an individual or organization. Identified on both the field and the area map.
Distinguishing types of soil
Maybe you already understand what the ground is, but it is not easy to clearly distinguish the types of ground. From a legal perspective, the types of ground land will be classified as follows:
Project land
The legality of the project land is extremely high, so you can rest assured when choosing to buy. All project land is definitely verified plots. Strict by state agencies and functional agencies before putting into planning, business and trade.
Residential land
With this type of land, the legality still has many potential risks. Quite a lot of land does not have any certification from the authorities. Sometimes it's just a hand-signed paper between two parties. The undocumented land will definitely affect the ownership or the future sale and exchange.
Adjacent land
Similar to the project land, this type of land is also clearly planned. One by one, with a license issued by the authorities, a decent red book. Utilities of use Besides the legal factor, you can also base on the utility system to distinguish different types of land.
Classification of ground land with residential land
According to the provisions of the law at point a, clause 2, article 10 of the 2013 Land Law: Residential land includes residential land in rural areas and residential land in urban areas. Therefore, residential land will include residential land in rural areas (abbreviated symbol on red book ONT), residential land in urban area (abbreviated symbol on red book is ODT).
Residential land in rural areas is classified into several categories as defined in Clause 1, Article 143 of the 2013 Land Law as follows: Residential land used by households and individuals in rural areas includes land for construction of houses. , to build works in service of life, gardens, and ponds in the same land plot in rural residential areas, in accordance with the master plan on land use and construction planning of rural residential quarters approved by state agencies. approved by competent authorities.
Residential land in urban areas is classified in Clause 1, Article 144 of the 2013 Land Law as follows: Urban residential land includes land for construction of houses, construction of works in service of life, gardens and ponds in urban areas. the same land plot in an urban residential area, in accordance with the land use planning, urban construction planning already approved by the competent state agency.
Why is land investment so popular?
Land is a product for people's "settlement and occupation". At the same time, buying land to build a house will be more cost-effective than buying a ready-made house.
In addition, because land is an essential product, the owner can easily resell it to those in need, this is considered as a secure and highly profitable investment for the owner. . The value of land plots is increasing In recent years, the country's economy has suffered many great changes, but the value of land plots has not shown any signs of slowing down.
Thanks to the constant growth in value, land plots are a long-term real estate business channel for investors. In particular, if the public areas (such as schools, hospitals, amusement parks, etc.) in that locality develop rapidly, the land plots will have even higher value. Possibility to change the land use purpose The land use purpose can be changed over time (agricultural land becomes residential land or residential land becomes another type of land).
When seeing the potential to change this land use purpose, investors can venture to invest directly in that land fund because of the potential for great returns in the future. If other products are often damaged and degraded over time, the ground can last forever and keep its original state.
The owner can level, build or transfer the land use right to another person, but the value of the land plot is still guaranteed and increased over time. With the question “What is the ground? Can the land plot be mortgaged?”, the satisfactory answer that investors can accept is yes, this is a type of property that investors can mortgage with a good loan. good at banks. Thus, land is both a financial "lever" and convenient collateral.
With the above article, AHS tries to provide you with the most useful information while ensuring that you will have knowledge of the ground. Contact us immediately if you have any questions or need assistance.
