4 Tips for Buying Land to Build Your New Home
Updated: Jan 5
Do you spend hours planning your future home? The open concept floor plan, a wraparound porch, a large backyard with a patio for summer barbecues. It’s easy to get caught up in what you want your home to look like.
Before you can begin building your dream home, however, you first need to buy the perfect land to build it on. There are many factors that play into purchasing land, including where the property is located and what restrictions it may have on your plans. Here are a few important tips for buying the right land for your home.
Choose A Neighborhood for Your Lifestyle
Although you probably have pages in home and garden magazines dog-eared, episodes of House Hunters recorded on your television, and boards upon boards of home decor and home design created on your Pinterest account, your first decision shouldn’t be about what your home will look like--it should be about where your home will be located. Do you have a city or town in mind? Are you looking to be in a more rural area, or are you interested in moving to the suburbs? Consider the commute, school district, and amenities. Once you know where you want to be, you can look for available lots for purchase.
Familiarize Yourself With Accessibility
Aside from choosing the best neighborhood for your lifestyle, you also need to think about the accessibility to your property. You don’t want to choose land so far off the beaten path that you need to park miles away and then walk or take a casual boat ride across a river to a remote island (or maybe you do!). Think about whether you’d like to be near a major roadway for an easy work commute or if you’d rather be tucked away from busy roads for more privacy. Make sure you choose land when the roads are drivable with whatever kind of vehicle you have.
Evaluate Property Condition, Infrastructure, and Utility Availability
Even if a deal looks good on paper, make sure that you set aside time to do a walk-through of the property to ensure it’s going to support your ideas. Has the land been perc tested if you need to install a septic system? Are you close enough to power lines that you will be able to run electricity to your future home? Before you do a site visit, make a list of everything you’ll need the right property to provide and come with a list of questions!
Research Site Limitations
Beyond the condition and location of the property, you also have to think about larger limitations of the space. Are there restrictive covenants put into place? Is the property in a development with an HOA or within a historic district with specific development rules? There may also be environmental restrictions based on location, so be sure to learn more about the area before signing any contracts.
Finding the best property to purchase for your dream home doesn’t have to be hard, but you have to be prepared to do your research and make decisions based not only on your wants but also on the affordances of the property. Building your dream home will be one of the biggest accomplishments in your life, so don’t rush the process! Take the time to really nail down your ideal space and visit as many properties as it takes to find the right one for you. If you need any help, give me a call www.Rayloveshomes.com thanks and good luck!