What is the difference between land and land?
The term "land" and "land" may be very similar, but there is a big difference in the field of construction. First of all, all the lots can be considered land, but not all the land can be considered a lot. Here are the definitions:
This lot is the property ready for the building. It is usually provided by all utilities, including water, sewer, gas, electricity, telephone and so on. But if they are not on the spot, they are not so far away
The land is the property that has no habitable structure. A habitat is a term that defines a property that is not yet ready to be built.
Your best bet is to buy a lot. It is much cheaper, it can help you more easily get building loans. Raw land also requires additional costs to make this land habitable, the extra cost is very high. It also means spending a lot of time and effort
All of these factors affect the decision of the lender to analyze the loan score. There are plenty of opportunities because of the original land that you will not get the required loan.
If the original land, the bank that the risk is getting higher and higher, the bank to provide loans to the original piece of land is also less than a complete sale of land, so buyers are more willing to invest time, money and energy in Such a property.