Buying a land for sale in Sri Lanka and then building your dream home instead of buying a property outright is common practice with us Sri Lankans.
Sri Lanka’s housing market is quite competitive in many areas on the island. New homes are sold before they are even completed. On the other hand, older homes may have old house issues.
If the present housing market isn’t meeting your needs, starting your dream home project by buying a plot of land in Sri Lanka may be a much more practical option.
Purchasing rural land also provides you with greater freedom and peace. Maybe you are picky with the location or the view of the place. On the other hand, you might prefer what you want on your land without being constrained by community covenants and restrictions. Whatever the case is, buying land for sale for your house seems to be the best decision you can make.
Set your Budget
First, you need to determine the budget you have for the acquisition of property. Aside from the cost of the land, you must also expect other expenditures such as permit fees, taxes, land adjustments, and developments if necessary. Additionally, you will also need the assistance of professionals during this process.
Find the right land for sale in Sri Lanka
Finding the perfect land for sale in Sri Lanka that fits all your requirements and desires is the most challenging part. Whether you are looking for land for sale in Colombo or land for sale on the outskirts of the country, it never gets easy. Land brokers are not the most reliable, and real estate agencies are not for everyone.
However, the good news is, now you can find properties for sale by yourself, right from your mobile phone or PC through many online listing sites. Just visit the ‘land for sale’ or ‘property for sale’ section, and you will find hundreds of listings that you can contact directly.
Although there are many listing sites for land buying and selling in Sri Lanka, there is nothing more trustworthy than Ikman.lk.
Buying a property in Sri Lanka checklist
People often think legal and ownership documents are the only thing to worry about when buying a property. But there are many other factors to consider. Below are some of them.
- Water quality and flow
- Road size & its current status
- Electricity and High-Speed Internet Options
- Flood Zones
- Past & Present Land Use
- Adjacent properties’ land uses
- Past Logging Practices
- Topography & Geohazards
- Property Taxes & Associated Deferrals
- Hardship Dwellings
After you select a property, there are quite a few legal documentations that you need to check before you buy a land or property in Sri Lanka, so you don’t run into any legal issues later. This includes:
- Title deed of the land (Going back to 20-30 years)
- Approved lot plan of the land
- Certification of Ownership
- Non-vesting certification
- Street line certification
- Building line certification
- Survey plan
- Extracts of the land
- Valuation document
Make sure to get the help of your lawyer to verify the clearance of legality of these documents.
Best Lands for sale in Sri Lanka
When you are looking for a property to buy to build your home, start your hunt from Ikman.lk to find the best ‘Land for sale’ listings in Sri Lanka. In fact, we have hundreds of listings to choose from. So, visit Ikman.lk today.