Building a new, custom-designed home is a once in a lifetime experience for most Americans. So it is incredibly important to make sure that every factor involved in the process is correct and capable of improving the experience, including the selection of the lot where the home will be constructed. If you are currently looking for the perfect building lot for your new home construction project or are planning to begin your search soon, here are some critically important tips to help you select the perfect one.
General location
The much-lauded location, location, location mantra for general real estate purchases also applies when searching for a home construction lot to purchase. The right lot will be one that is within a comfortable distance to your work or any interests that you will pursue while living in your new home, such as visiting with grandchildren or pursuing an interest or hobby.
Remember that the general location should be based on the actual method of transportation you will be using and the time it takes to get from the home to the locations where you will likely be spending much of your time. Computations on mileage alone can be misleading, due to issues with traffic congestion and other factors, so always take time to actually go from one point to another at several different times to get the best estimate for location selection purposes.
Other important general location factors to consider include the quality of the school district, crime rate, planning and zoning or HOA regulations, and any proposed tax rate changes that would become problematic.
Site-specific factors
Once you have decided on a general location in which to construct your new home, you will want to look at other factors for each lot you are considering within that area. For instance:
- Will the lot being considered allow the home to face the desired direction or otherwise be situated on the site according to your preferences?
- Will the finished value of the home and lot be in line with the other residential property in the area?
- Will the terrain of the lot support your plans for use, including landscaping and construction of outdoor improvements, such as swimming pools or outdoor living areas?
Additionally, you will also want to make sure that the lot you select will support and enhance the future resale potential for the entire project.
To get more specific help with selecting the perfect lot for your new home construction project, make sure that you seek the representation of a reputable real estate professional who specializes in building lots in the area in which you are searching.
For more information, contact a company like DeWitt Real Estate Development.
