Lots about Lots

When deciding between purchasing a new home and purchasing a lot on which to build a home, you may find a lot fits your needs perfectly. With a lot, you often have more flexibility because you can custom build the home you want on the property of your choice. Your local real estate agent can help you find a lot suitable for your needs. Together, you can carefully consider the lot’s location. While the area you are interested in may be desolate and peaceful at the moment, you should educate yourself regarding future zoning and plans for construction. The land nearby, for example, will probably already be zoned for residential or commercial development. You may want to purchase a lot that will not end up near a busy strip mall or restaurants. Or, you may learn that homes or buildings planned for the future will eventually impede your beautiful view. Also, you will want to consider the lot’s proximity to schools, to your job and to other areas of interest. After looking at numerous lots, you should consider any potential adverse conditions associated with each.

When looking at the lots you are interested in, hire a surveyor to look over the property. He or she will inform you if there are any problems in the land of which you should be aware, including steep drop-offs, drainage problems or poor access roads. You should also make sure all utilities are available in the area, and gas, electricity, sewer and water lines will be able to be run easily into the property. Visit the lot in the morning, afternoon and evening to get a complete feel for the land and environment, including sun and shade patterns and traffic in the area.

Once you have a better idea that a particular lot may be the right one for you, you should hire an architect to ensure your plans for building a home on the property are feasible. Certain lots may be difficult to build on and will call for higher building costs. This could be true, for example, if the grade of the land will require expensive work to put in retaining walls or a driveway on a steep area. Your architect will sit down with you and discuss what you would like to build on the lot, including the square footage, number of floors and rooms and style of the home. Depending on the size and features you are hoping for, you may find one lot will work better for you than another.

While looking at lots, you should work with a local real estate agent to find the best properties for your wants and needs. Whether investing for the future or looking to build, together you can find the right lot for you.

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