So you have narrowed your search for a lot to a specific subdivision. Now you are ready to start selecting a lot in that subdivision. There are several things you must be prepared to do before you commit to buying the lot. This article will help you prepare to select a lot, and to understand why some lots are more suited to your home than others. For more information on the subject of home building and selecting a lot, download our 98 page guide above for free.
The search for a lot is not a simple one. You will need a few experts to see the lot before you purchase it. One of the most important experts is your home builder or contractor. He should help you select the lot. Therefore you will want to decide which contractor or home builder you will use before you purchase the lot. You should be prepared to close the land purchase and the home construction loan at the same time in order to have only one loan. Otherwise your lot payment may limit the amount you can borrow on the home.
Selecting a Lot in Subdivision: Inquire about Restrictions
Be sure to review any restrictions in the subdivision to make sure that your dream house fits within their guidelines. Many subdivisions have rules regarding the way a garage must face and some insist that it have a certain type of door. The distance from the home to the road, the overall square footage, the siding materials and style of the home are frequently dictated by the subdivision bylaws and guidelines. Make sure your dream home fits the description before proceeding in seeking a lot.
Selecting a Lot in Subdivision: Bring Your Home Builder with You
It is very important to have your home builder or contractor come with you to approve the lot before you purchase. He may spot problems with the lot that would make it difficult to build on. Further, you will want to include the cost of the lot in your home building loan. Do not make an offer on the lot until you’ve spoken with your home builder.
• Choose higher ground. A house on a hill drains better and the run off will not end up collecting at your foundation.
• Avoid swampy low lying areas. Unless you want a life of fighting water damage, flooding and black mold, avoid low lying lots.
• Uneven hilly lots can be pretty but they are usually harder to build on and cost more to prepare. Your home builder may be able to determine if your house would fit properly on the land without too much added expense.
• Wooded lots are also pretty, but many if not all the trees will have to be cleared to build the house. This also costs extra. It can be very disappointing to have to cut down the oak that you visualized in the front yard. This is another reason to bring an expert to determine if great trees can be saved while still building the home you want.
• A flat treeless lot just isn’t all that pretty. It may take years for saplings to grow into real trees, but a flat treeless lot is much easier and cheaper to build on. You might consider planting rapidly growing trees.
• What is the street like in front of the house? Some people prefer a quiet cul-de-sac, while others prefer a through street. Consider the amount of traffic that will pass your home in each situation.
• How is the lot shaped? Is it tiny in the front but widening to the back like many cul-de-sac lots or is it approximately square? This may have to do with how well the home would fit on the lot.
• It might also pay to find out about the neighbors of each lot. Do they have children? Do they have dogs? These kinds of questions might in the end be much more important than the shape of the lot.
• How large is the lot? This will have a lot to do with how close your home will be to the neighbor’s home. How wide is the lot, at the point your house will be placed? Make sure the lot is wide enough to accommodate your home and drive way with room to spare. Many subdivisions also have rules about how close your home can be to your property line.
• How do you feel about the lot? Does it feel comfortable to you and your family? Does it feel inviting or foreboding? This may sound silly, but it may impact your future happiness in your home. Consider the feelings of all family members before making a final decision.
Once you have selected the lot and made an offer, the land will be tested to see if it is suitable for well and septic, unless water is provided by the city, county or subdivision. If water is not provided and land fails to pass the test, you will have to select another lot. If it passes then you are set to get your home construction loan and begin building. Selecting a lot in a subdivision is a decision to share with your home builder and other experts.