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FIND
A BUILDING SITE WORTH YOUR INVESTMENT
Location Could Make Or Break Your Dream-Home Plans
If you've decided
to build your next home, rather than buy an existing structure, you'll
face a number of land-related issues. How you handle them will be crucial
to the success of our plans.
First, consider the
types of land available:
1. Undeveloped
land: raw turf; no streets, gutters, sewers; no gas and electric lines;
no grading; no surveyed lots. Development expenses will come out of your
pocket.
2. Developed land:
everything but the house is on hand; probably owned by a developer/builder
who typically sells lots to be built on under the builder's management.
Because it's already developed, it costs more than comparable undeveloped
land.
3. Spot lots:
"spare" property in an established neighborhood. Prices may be comparable
to those of similar developed land.
Whatever kind of property
you propose to buy, be sure to get professional advice on the feasibility
of building the kind of home you have in mind. A poor site choice can
adversely affect your ability to get a loan or to sell your home later
on. Check out the following:
Zoning laws. Will
they permit the kind of home you expect to build? Read covenants carefully.
Water and sewage.
If buying developed land or a spot lot, find out (from county offices)
where the water line is located. Check to see if there is a sewage line
and if newcomers are permitted to hook into it. If not, check the latest
"perc" tests for a septic system.
Gas and electricity.
Are they available and at what cost?
Taxes. How
much are they and how do they compare to taxes on similar property in
other areas?
Surrounding property.
Check maps (at county offices) to find out what plans (highways, power
lines, etc.) may be in the offing for woods, fields and open spaces near
the property.
If you'd like to
take a look at properties for your special home plans, give us a call.
We'll be glad to show you what's on the market that meets your needs.
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