One of the best ways to get your dream home that has every item on your wishlist is to buy some land on which to build it. This way you are involved from the ground up and know exactly what you are getting.
Buying land is a little bit different than buying a home. There are also several ways to go about it so the process can get a little complex. You’ll need to understand a few things before you can decide if you should go with buying land to build on or buy a house already built. In this article, we will go over a few of the things you need to keep in mind.
What Location do you Need?
Where your plot of land is located is probably the most important factor of whether you should buy or not. The problem is that much of the buildable land near cities is already developed or is not zoned for residential use.
Can you handle living in a rural area and building your home there? Will you be able to get utilities like water, electricity and internet there?
Finding the land in the perfect area for you will be a challenge in many cases. However, there are developers that buy up lots that are either empty or they demolish old structures to develop for residential use.
This is likely to be your best bet as they are not building one house, but an entire community in most cases. For instance, this land for sale Deanside is going to be a planned community that has just about everything you would need for a beautiful home with all the modern conveniences.
Unless, of course, you’re actually looking for a house in a rural area. In which case you will have more options and the prices will be much lower. But, this leads to the next section of things you need to think about.
Buildable and Residential
Every town or county has its entire territory zoned for different purposes. Which makes it a bit complicated when searching for the perfect lot. You may find the right area, but the lots may not be buildable and are zoned for farming or other nonresidential uses. Also, you have to be careful when a lot is buildable as it has to be buildable for residential use and not for something commercial.
Make Sure it can Actually be Built Upon
Further complicating things is when a site is billed as being buildable, but the actual physical traits make actually building there problematic. For instance, if the land is sloped then the buildable area on the lot may be limited.
If it is sloped there is the possibility of leveling it out, but there is also the possibility that it can flood during periods with a lot of rain. It may not get approval for construction.
Then, you want to make sure that there are services that are available in the area. You’ll want to have access to utilities before you start your construction.
