5 Things to Ask Yourself Before Buying a Vacant Lot
If you’re dreaming of building a new construction home, there are some very important factors you’ll want to consider when purchasing your lot. Beyond price and location, here are 5 things to consider when deciding which land to build your dream home on.
- What kind of work will need to be done on the actual land? In order to actually build on the land, what will need to be done to the lot? Will hills need to be graded, trees need to be cleared? What about power or phone lines? If you are looking at a lot in an established neighborhood, then these will not be major concerns – but if you are looking at a more rural lot, these are important questions to ask yourself.
- What are the neighborhood restrictions? You’ll want to check out the building restrictions before falling in love with a specific lot. If you really want to be able to build a shed on your property, but the HOA doesn’t allow it, then you’ll want to find another lot. Checking out the other restrictions will also tell you how large your home will need to be, what the exterior needs to be, and the types of fencing that will be allowed. These are all factors that could determine if this is the neighborhood for you!
- What is the real lot size? Make sure that you have a surveyor come out and draw boundary lines so you can see the actual size of your lot. Walk the entire property multiple times to get a real feel for the space.
- What’s the area like? Is it important to you to be near a grocery store, freeway entrance or specific school? If so, don’t compromise on the location of your future home. This is your chance to be located in the area that makes the most sense for you and your family. Take your time and find the most ideal location that will work for you long-term.
- Do you want/need room to grow? If a large garden, pool, or outdoor entertaining space is on your dream wishlist, make sure you are looking at lots that would be big enough for your house and your ideal yard. Purchasing a lot that is too small might leave you with regrets in the future.
Most importantly, talk with a realtor about your dream lot! We know a ton about land that is available and neighborhoods that might be your perfect fit. Check out the vacant lots that are available here and our neighborhood tour videos.