Take a moment to imagine your dream home. When you think of a house that checks off every box on your list of desires, you are not thinking of a run-of-the-mill, cookie cutter house. You are thinking of a house that is uniquely you.
But to build that home, you must first buy the piece of property it will occupy. Remember that you can change the features of a house, but you can’t change the land. And the land you build your home on really does become an extension of your home itself. Therefore, it is extremely important to obtain land that will work for your dream home and the lifestyle you desire to have.
When purchasing the perfect piece of property, most homeowners don’t know everything to look for to ensure they get the exact property they want. So, we at Parker Built Homes have put together a list of what to look for before purchasing your land.
The location of your property is key. It should go without saying that if you love living in a metro area, or if you love living in a rural area, you should purchase your home accordingly.
However, it is also important to know the city and district your property falls into. Certain cities may impose limitations on what can be done to your property, and the district in which your land resides will determine property taxes and school districts.
The government uses zoning to assign a particular developmental status to your land. This determines what can and cannot be done on your property, so take special care that the property has the zoning to fit your lifestyle needs.
You should also look into the status of the properties surrounding that land. The plot next to yours could be zoned commercial, where developers could build shopping complexes or other properties that could increase traffic. Or the surrounding properties may be agricultural and filled with cows and farms.
Neither is bad; just look for the zoning that matches your desires.
An easement is the right of another person or entity to use your land for a specified purpose, and the properties you look at may have one. Easements can cause the value of your property to decrease, such as a utility easement on the back of your property or a driveway easement to a landlocked property behind your house.
Most easements are public record. Speak to your realtor and do some research to know for sure if an easement of any type is present on the land you are looking to purchase.
Type of Soil
Get a soil test! A soil test is great insurance on a piece of property. Knowing the type of soil your dreamland contains can keep you from a major headache later on.
The property you’re looking at could be an old waste dump, or the soil may be so poor that you have to dig out the existing soil and bring in new dirt just to make the property buildable and usable.
Different types of soil need different types of home foundations, and poor soil means a more expensive foundation. Know beforehand what you are getting yourself into.
You will want to know if the land you are looking at falls into a flood zone. While lands in flood zones typically have rich soil and access to recreational activities, they pose some obvious risks.
Living in a risky flood zone will increase your cost of insurance. Many lenders even require that you carry a separate flood insurance on your property if it lies in a flood zone.
If you are looking to buy in a community, you will want to know if it has any covenants and what they are. Covenants are rules and guidelines typically set up by an HOA. They can set limitations on your building project, so be sure that you are comfortable with these rules before you buy.
We Can Build Your Dream House
At Parker Built Homes, we specialize in superior new home constructions. We desire to give you the best home building experience, so we value ethical practices and high-level craftsmanship. Our team can make your home building process easy and exciting.