How to Pick Land to Build a Home On

Posted

When it comes time to buy a home, you have three basic choices – you can purchase an existing home, buy a newly constructed home or buy a plot of land and build the home yourself. Of the three options, buying a plot of land and building your own home provides the greatest level of control, and if you have the right skills, the highest level of cost savings as well. If you have construction experience and access to quality materials, you could save a great deal of money by selecting a great lot and building your own home. Even if you choose to hire a contractor for the building, buying your own land could be a cost-saving choice.

Choosing the Right Plot of Land

So how do you choose the right plot of land, and what should you look for when selecting a building plot? The choice of land will impact everything that follows, from the quality of the home and its longevity to the resale value of the property decades down the line. The old bromide about the three most important things in real estate being location, location and location is true of land as well as finished homes. If you want the finished home to be valuable, look for land in a convenient location, one where you will be comfortable and happy.

Urban, Suburban or Rural

When choosing a plot of land, ask yourself about your lifestyle. Do you crave the excitement of the city? Do you prefer the convenience of the suburbs, even if it means a longer commute? Or do you long for the wide open spaces of country living and a rural location? There is no one right choice for everyone, and your selection of building site will depend on your personal preferences as well as what is available locally. In a densely populated city, there may be no urban building plots available, so you may be forced to choose between a suburban and a more rural location.

The Quality of the Ground

When you buy a plot of land to build your home on, you are buying into the quality of the underlying soil. The quality of that soil will matter a great deal going forward, influencing everything from the stability of the foundation to how much it costs to buy the home. If you are unfamiliar with buying raw land, it is a good idea to hire an expert. If you are working with a real estate agent, choose a professional who understands the potential and challenges of buying land, and what to look for. You have a lot riding on this decision, and you cannot afford to get it wrong.

Call Rachel Stokes for all your real estate needs at (615) 554-4951