Finding a Lot
A local Builder or Real Estate Agent will be able to show you a variety of available lots in the area. Certain home Builders are also aware or own available land to show you as options. There are a few things to consider when you are picking out a piece of land to build your new home on. Keep these tips in mind to ensure you are building your home on the correct lot.
BENEFITS OF WORKING WITH REAL ESTATE AGENTS
They can help you understand your financial situation and offer advice on what properties you can afford.
Agents who are members of the National Association of REALTORS® can use the MLS to loacte properties.
LAND AVAILABILITY & SUITABILITY
The process begins by finding how much land is available, the location and the price. Your options may be buying an acreage, buying existing land and tearing down the current home, or building on vacant land. Whichever land you decide on, it must fit the size of your home design. Every lot is different, so you must make sure the home you want will work on the lot.
SERVICES & FACILITIES
Look at the services that are available in this neighborhood such as the water and sewer system, power, storm water drainage, and soil conditions. There are smaller additions such as telephone and internet connection that may add to the costs of building your home. Talk to others in the neighborhood and local authority to know what to expect before you start building. Ask about flood levels and other situations that may arise.
LIFESTYLE & NEIGHBORS
Your lot will depend on the lifestyle you want to live. You may be looking for a quiet neighborhood, one with a lot of families, or one with a big yard. You may want to find a lot in the country, or in the city. Decide which location would be most convenient for you and your family. If you have children you will want to check out the school districts and decide which one you would like them to attend.
KNOW THE LAND
Make sure to talk with an expert to make sure the home you want to build will fit and work on the land. There are many companies who can help you with necessities from utilities to zoning approvals and permits for construction.
BUILDING YOUR DREAM HOME ON YOUR OWN LOT
You have a lot of flexibility in the design process when you build your own home. You can customize the floor layout and design elements around to make it your own, and you get the ability to choose the land your home will be built on.
Local Builders and Real Estate Agents can help you find available land. You can customize the inside of your home or work with an architect and tell them what you want. You must decide which Builder you want to hire, and you can do that by touring homes on the Parade of Homes and looking at different examples of their work.
Before building, it is always a good idea to see if the Builder has any homes you can look at. Doing this will help you become familiar with the Builder’s style, and you can get ideas to use in your new home. Ask if they have any previous customers that have built a home with them - if so, contact that home owner and ask if they’re share their experience.
TIME AND MONEY
Building a new home can vary in time needed. Be prepared for a longer building process if you are building a completely custom-designed home. Using a pre-designed floorplan can be easier, costs less and these floorplans can be modified to your preferences.
Think about what you would like in your home and what your budget allows. Something may cost more now, but it will become an investment later. Adding the hardwood floors may seem spendy, but it will add value and quality to your home in the future.
If you’re ready to get started on building a home on your land, most Builders can recommend several lenders with expertise in construction finance and can work with you to make your dream home a reality.