Service or standard lots are land that can be bought to construct that place where we like to call home. Although they are mere land, they have some differences that we will look on below.
Serviced lots are of an average 2000 sq ft or little more. Service lot carries amenities like sewage, pipe water and electrical ready to use and geared toward the lower income. Uses central sewage system, no need for construction of septic tank, absorption pit or tile field. These are generally found in National Housing Trust schemes, all these amenities have to be in place because of the size of these lots.
Standard lots are bigger than service lots, thus attracting some more money with a fix price. Sometimes come with houses, geared for bigger income, depending on the development. Amenities are not readily available, after purchasing lots you have to do the construction of waste water disposals.It is important when buying lots to do your research on any property, first know how much you can afford to spend, before you can transform property to build. Ask experts in the real estate field or talk to developers who are selling the service to see what costs will be imposed if any to prepare your lot for construction. You might want to start doing work right away and it is always best to secure all avenues of any investment before you seal the deal.