Land Buying Checklist
If you are buying land for the construction of your custom dream home, the first step that is involved in this process is to carefully assess the feasibility and cost of design to build on the desired choice of land. As we have stated on our Custom Home Building Process page, the cost of your new home might heavily depend on the developing of the lot before the construction begins. But at Hulbert Homes, we excel at finding the balance meeting budgets and making your dream home a reality.
The next important factor is the location. Aside from the just choosing the right location or side of town you will want to live on, you will want to consider other factors. This includes if you have children, is the desired location in a good school district? Is it on a commuter route near interstates like I-4? If you are interested in entertainment and shopping, is the location close to community amenities that you might enjoy?
Property Setbacks and Natural Resources
You also need to ensure that you get to know the property’s setbacks. These are the guidelines that state how close to the border of the property you are able to build on. This setback might greatly affect where you will be able to put your house, and on smaller lots, the size of the custom house that you will eventually build. This will also include an understanding of where you will be able to put your power, water, and waste. Considering how important these are, any issues that arise can be a deal breaker. Therefore, before you complete a purchase on a lot you will want to know where exactly you are going to access the following:
This is very important in case you are interested in a lot that is in a remote location; you may want to find out the costs you will incur for setting these up, as compared to the city where they can be tapped nearby.
You may also want to find out the natural resources rights that you potentially may have. This is actually a little more complicated than expected. Depending on your location, there may be certain rights on the lot that you are interested in buying that are held by a third party that you may not be aware of. In some areas, there are several kinds of natural resources rights that may include:
- Water rights
- Mineral Rights
- Timber rights
- Access rights
It is imperative that you find out these rights before you make a purchase of the land.
Maintenance, Property Restrictions, and Zoning Rights
You will also need to find out who is responsible for the maintenance of the surrounding area. For some areas, it is the Homeowner’s Association, the county, or even the city that the land is located in.
Finally, you will want to know all the restrictions on the property, namely the zoning rights. Are you buying land in a community that has covenants, codes, and restrictions? Is there an Architectural Control Committee that requires you to run your design and landscaping decisions by them for approval? You will want to be sure you know all of these before you buy your lot, and certainly before you begin building you new custom home.