How to buy a lot?
First up, find the right lot.
To begin your land search, contact a REALTOR® who has experience selling land in the area where you want to build. You’ll need to have an idea of how much land your home will require. You can estimate based on the approximate square footage and footprint of the floor plan you have in mind.
An experienced agent can identify appropriate lots while discussing the pros and cons of various locations.
When you’re looking at land, you should realize that some land has already been improved for building and has infrastructure in place including roads, utilities and a sewer or septic system.
If you need to add those essentials yourself, it will contribute to your final cost. In addition, you’ll need to know whether the lot has been zoned for residential construction—and whether there are any ordinances that limit what you can build. A professional survey will provide information about the property lines and any easements and access issues.
You’ll also need to match a plot of land with the floor plan you have in mind. For example, if you want to built a wide ranch-style home with a three-car garage, you’ll need a larger level lot than if you plan to build a smaller home.
You may also want to consult with a custom builder. Have the builder visit the lot with you to discuss whether your ideas will work on the land you’d like to purchase. Unless you plan to do all the work yourself, you’ll need to hire a builder or contractors anyway, so it’s an opportune time to begin the interview process and explore your options with a professional.
To begin your land search, contact a REALTOR® who has experience selling land in the area where you want to build. You’ll need to have an idea of how much land your home will require. You can estimate based on the approximate square footage and footprint of the floor plan you have in mind.
An experienced agent can identify appropriate lots while discussing the pros and cons of various locations.
When you’re looking at land, you should realize that some land has already been improved for building and has infrastructure in place including roads, utilities and a sewer or septic system.
If you need to add those essentials yourself, it will contribute to your final cost. In addition, you’ll need to know whether the lot has been zoned for residential construction—and whether there are any ordinances that limit what you can build. A professional survey will provide information about the property lines and any easements and access issues.
You’ll also need to match a plot of land with the floor plan you have in mind. For example, if you want to built a wide ranch-style home with a three-car garage, you’ll need a larger level lot than if you plan to build a smaller home.
You may also want to consult with a custom builder. Have the builder visit the lot with you to discuss whether your ideas will work on the land you’d like to purchase. Unless you plan to do all the work yourself, you’ll need to hire a builder or contractors anyway, so it’s an opportune time to begin the interview process and explore your options with a professional.