Buying your first plot of land is exciting — but the same enthusiasm that gets you across the line can also blind you to risks that experienced investors take for granted. These are the five mistakes we see most often.
1. Skipping the official land search
Never rely on a copy of the title alone. Always conduct an official search through the Ministry of Lands or Ardhisasa to confirm ownership, encumbrances and any caveats on the parcel.
2. Ignoring the access road
A plot without a clearly defined, public access road is significantly harder to develop and resell. Confirm the road reserve is gazetted and physically passable before you sign.
3. Underestimating the cost of services
Bringing in water, electricity and a perimeter wall can add 15-30% to your initial budget. Choose serviced plots when possible, or factor these costs in upfront.
4. Buying based on emotion
Stick to your investment thesis. A pretty view doesn’t always mean strong appreciation, and a rural plot far from infrastructure may take decades to mature.
5. Not getting it in writing
Every payment, every promise and every commitment should be captured in a written sale agreement signed in the presence of an advocate. Verbal assurances mean nothing in court.