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Land To Build On
Your Building Site Is An Important Choice
You may already own land and know exactly where you are building. Good for you. If you’re looking for a lot, however, you’ll probably buy a lot in an existing subdivision.
The two most important factors are finding a lot that fits your budget and is in an area you would be happy to live in. A general guide is to try to keep your land cost at not more than 25% of your total budget.
Things to Consider
Note the value and size of existing homes in the subdivision. If you build a house significantly larger or more expensive than neighboring homes, your resale value could be negatively affected.
Check to see that minimum square footage requirement of the neighbor-hood doesn’t exceed the size of the house you plan to build.
Are water and sewer access provided, or will you need a well and/or septic tank? Know the deed restrictions to avoid surprises later.
Be aware of minimum building lines, government/utility easements, potential flood plain issues, and possible requirements for finished floor elevation (measured in feet above sea level).  All of this information can be easily obtained by contacting your city or county engineer’s office
Flat, treeless lots are the cheapest to build on. A fairly level lot is needed if you’re building a concrete slab foundation as opposed to a crawlspace.
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A realtor can help in a lot search and answer a many of your questions. Check Realtor.com
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