The concept of the ground
Ground land is simply understood as vacant land, plots of land that have not been affected by humans or machines to carry out construction works. Depending on the purpose of use, the ground will be divided into different types.
In addition, when learning about land plots, investors easily come across the concept of "subdivision land". Land subdivision is a form of land use in which the investor separates the land parcel allocated by the State for the purpose of implementing construction investment projects, and then transfers the land use right to another person for them to perform. activities such as building houses, doing business. Land subdivision is a type of real estate that has great profit potential but also contains many risks.
Distinguishing types of soil
Legal
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 land will be different 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
This type of land will also be promoted in terms of utilities, similar to project land. Adjacent land is also the land plot in the project, so it will be built by the investor. Develop a modern utility system, including: commercial center, hospital, school, traffic.
Understanding what ground is, distinguishing the difference between types of ground. It will certainly help a lot in choosing land for investment. However, it does not stop there, below are the types of high-risk land that you should avoid in order not to risk your capital.
Legal records of the land
Legal profile is one of the factors contributing to the transparency and legality of a type of land. If you invest in an undocumented land, it will lead to consequences later. Therefore, when learning the legal information of a piece of land, please refer to their legal records as follows:
Papers: Certificate of land use right (red book) including design drawing, construction permit (if any). Documents proving that the land is not in the area of clearance or compensation..
Approval of the district People's Committee in writing in accordance with regulations and transferred to the chief architect's office and the architect's document. Relevant documents of the State allocating that land.
4 types of land that absolutely should be avoided
Land plots are not allowed to be subdivided
In recent years, to prevent the virtual land fever, many localities have decided to ban subdivision and division of plots. Therefore, you need to be careful with the problem of subdivision and plot separation when buying land. Land plots that have not been subdivided or divided into parcels are not issued with a red book. Buying the wrong plot of land that is not allowed to be divided into lots will have difficulty selling, possibly "burying capital" for a long time.
Land plot liquidation cheap price
A trap new investors in the real estate industry easily encounter is the liquidation of land plots. The information for sale of land plots cheaper than the market, the reason for the bank liquidation is posted everywhere.
According to experts, this model usually comes from retail brokers or individual brokers. It is sold at a very cheap price. But mainly this land is often located in remote places, land in dispute or legal ambiguity. You should be cautious.
Land "ghost project"
The "ghost" project is the most painful problem of land investment. The situation of "land storks" selling unreal land projects to trap and appropriate customers' deposits is increasingly common. Typically, recent cult cases in the real estate industry such as Alibaba real estate, Hung Thinh Company, etc.
Along with a trick of "drawing" projects that are not real, but many investors have been trapped. Therefore, when buying project land, you need to carefully study the project's ground and legality and should directly compare it with the planning map at the local administrative agency. The land is mortgaged to the bank
This is the case of many investors. After buying land, investors cannot build or transfer houses because the land does not have a red book. The main reason is that the land has been mortgaged by the investor to the bank. If buying plots of land pledged by the investor, the investor may lose everything if the bank sells it and the investor goes bankrupt.
Therefore, when investing in land plots, in addition to understanding the nature of land plots, investors need to carefully check carefully and consult many sources before spending money.
Above are the real estate knowledge that you should know before starting in this field. However, these are only the most basic knowledge, if you want to know more or need advice, please contact AHS immediately for more information.
