Buying Land For Your New Home

Considerations for finding and buying land for a new home are mind boggling. That's why 80% of the people wanting to build a new home, buy from a developer or builder. But if you have adventure in your heart, let's do it.

First, think about proximity to the elements of your life that you need to reach (job, family, etc.). If you're ending up in an urban area, the land will be more expensive and have more zoning restrictions than a piece in a rural area.

If you're going to buy from a builder/developer, you won't have to worry about most of these concerns, but there are a couple of disadvantages besides the greater price.

Namely, you probably won't be able to choose your own builder (maybe not such a disaster), and you will have a limited number of basic floor plans to choose from.

If you're not going with a builder, you have a lot to think about. Start by looking into the local zoning to be sure you can build a house without needing to get a variance. Once you have your architect in place, he/she will be able to obtain any other town requirements, which will be reflected on the drawings.

But there are a few other things you might want to check out on your own before buying land. Is the area as open as you would like, or is it overdeveloped? What's the traffic like? Are there any unpleasant odors or dust in the air? Are there any "complications" attached to the lot, like a divorce, or an estate sale? Are there any deed restrictions affecting what you can build?

The local building department should be able to tell you about any intended development that might have an impact on your desired lot. Any nearby residential developments; shopping centers; enlarging roads for added traffic. I would ask the realtor these questions as well, but you're more likely to get accurate information at the building department.

Next, how much land do you want? Wooded lot or open? Flat or sloping? Do you want a view? Maybe watch the sunsets? Think about the position of the house on the land. Then check out the location of the closest utility pole.

Always WALK the lot. It's the only way to make sure you don't have wetlands, excessive grades, or other natural impediments to your intended construction. These issues will diminish the value of the property. Don't overpay. Comparison shop, like you would for a pair of shoes.

Are the people in the local town friendly? Ask about any history relative to the area. Find out what the local taxes are like. Go around with realtors and see what's available. Buy a local newspaper and check comparable prices.

I almost forgot - the internet will probably have some good information you can use. You might also get an idea about what your house will be worth once it's built.

Next, what's nearby? Parks, streams, a lake, an ocean, shopping, a library, a hospital, museums, - anything that might have an impact on your decision to buy.

If you're not in a hurry, see the property during various seasons. It could look very different. These issues will help you organize your thoughts and prioritize your choices BEFORE buying land.

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