There’s no better way to achieve the house of your dreams than to buy a piece of land and have a home custom-built on it. It’s an exciting prospect that can send your imagination reeling with the endless possibilities.
But before you get too carried away with planning your future custom-built home, there are a few things to remember when it comes to buying land.
If you’re buying a parcel of land, particularly if it’s removed from existing neighborhoods, an important consideration to keep in mind is the costs of getting utilities and services brought to your home. You need to think ahead about either accessing water from the municipal supply or from a well, connecting to the municipal sewer or getting rid of waste through a septic system, getting hooked up to power, getting a gas connection, and accessing cable, phone, and Internet service.
Be sure to look into the cost of bringing those services to the piece of land you’re interested in before making an offer to purchase. Accessing utilities can carry a heavy price tag, with some utilities charging as much as $100 per foot.
Maintenance and Other Services
Another significant concern for land buyers considering remote areas is who will be maintaining the surrounding area. Are local residents expected to take care of the upkeep of roads or will the county or local municipality oversee its maintenance? You should also be aware if garbage collection will be available for your home.
Be Aware Of the Property Setbacks
Setbacks are the local regulations concerning how close to the edge of your property you can build. Consult your local building department for details. Your setbacks may change where you place your house or even cause you to reduce the home’s footprint.
It’s become such a widespread real estate cliché that mentioning it seems almost silly. But, it’s a cliché for a reason: it’s terribly important. The location is going to be the biggest driver in establishing the resale value of your home.
Of course, you’ll want to choose land in a part of town where you want to live. You should also consider other factors that will make the property appealing to future potential buyers, such as proximity to schools, shops, and services, as well as the view.
It’s also a good idea to try to envision what the neighborhood might look like in five or 10 years. Will the neighborhood surrounding your home be developed? Will there be more amenities and features that will make it even more appealing?
There’s no doubt that trying to find the right piece of land where you can get your next home custom built is a complicated and difficult matter. Once you’ve found the property that’s right for you, contact the Oklahoma and Arkansas experts at Parker Built to start building your dream home.