You have decided to build a new custom home. Congratulations! You have the needed mortgage pre-approval letter, created a budget, hired a builder, and now have the floor plan. The only thing remaining is to pick the perfect place to build and that’s the easy part! You can use a lot provided by your builder or purchase one of your own.
Here are a few tips that will help you find the best lot for a custom home:
Survey the Neighborhood
Just because you saw a sign/post for Land For Sale, it doesn’t mean you have to buy it. Do your due diligence and drive around the area at different times of the day. You can tour the neighborhood during the night and see how it looks. Most importantly, visit during the rainy season. Does the area flood?
Furthermore, watch how neighbors interact and investigate about the security in the area and whether or not there are HOA’s. Other factors to consider – How far the place is from work? If you have a car, how long will it take for you to commute? Are you looking for a family-based neighborhood? Are there amenities around such as hospitals, schools, gym, shopping malls, or grocery stores? Finally, evaluate growth potential in the area.
The artificial and natural physical features of the lot will determine the floor plan of your custom home. Some topographies require lots of work that make you spend more than your planned budget.
Consider Your Budget
When you’re looking for Land For Sale, one of the most crucial aspects is to consider your budget! The general rule dictates that the lot price should range between 10% to 20% of the total cost of your preferred custom home. Ensure the lot you want is within your budgetary parameters. The best thing to do is to compare different lots within the neighborhood. Also, work with a reliable and reputable local custom home builder to help you identify the lot that suits your budget.
Get Professional Help
At Experience Homes, we have a fantastic trade-in program where you can trade in your existing home for a quality home that suits your families needs and desires.
Call us today to find the perfect lot to build your custom home!