Land for housing is very costly in the thickly populated state of Kerala. Unless you have a sizeable budget to spend on a costly plot of land, you should look to buy one at a comparatively remote place rather than a plot next to main roads or highways. A low-cost plot will play a key role in reducing the overall cash outlay. You may be able to buy a relatively bigger plot in suburban areas. However, when constructing your house in your own plot, you may miss amenities like a fitness center, swimming pool, indoor games, security & surveillance, and moreover, lose the good aspects of community living in an apartment or villa project.
Buying the right plot can be quite an intimidating task, and it is a better investment for your future. If you are ready to buy you must be clear about why you are buying the plot.
You must familiarize yourself with the different types of land on the market. There are huge variations in the values of land.
If you want to get a plot of land at a reasonable price. It is easily possible in suburban areas or rural areas. The land which is closed in the urban areas or densely populated areas had high demand. But the cost of land is also high. In the suburban areas, there is much difference in the cost of the land. And in rural areas, the cost of land is comparatively less.
Land in urban areas is costly. Buying a plot of land is a tricky business. In big cities plots are scarce and still get a good piece of land in smaller towns or in rural areas.
Land in rural areas was universally attractive with its natural beauty. The presence of trees, hills, views, and water access often yields a higher value over time. By purchasing lands in rural or suburbs you might feel that it is better to get out of town.
Purchasing land in rural areas is benefited in paying your property taxes. Buying cheaper land helps to lower your property taxes. This is because the value of land in rural areas is generally lower. It helps to save money at tax time.
Land purchasing is a good investment. If you find any financial crisis in your future you can sell the land and earn money.