As we discussed in the previous article, you have to answer three very important questions when you embark on building a new home, with the first being “What to build.”
Next up, “Where to build.”
This article will barely scratch the surface of all the things to consider when choosing a building lot for your new home, but hopefully it will get you thinking about those overlooked things before you have any regrets after the fact.
Most importantly, you should consider not only lot size, but the overall subdivision, distance to work, schools and stores. These items also factor into the cost of the lot as well. School district zoning is one of the most important considerations if you have children.
Remember, “to whom much is given, much is required.” If you opt for a large lot, think about the ongoing upkeep for a larger yard, such as landscaping, plants, and grass mowing. Those maintenance costs can really add up, whether you do it yourself or hire it out.
A subdivisions location will also affect things like water, sewage, taxes and trash pickup. Other questions will crop up such as: Is the lot in the city limits or in the county? Is there a busy highway nearby that may need widening or construction? Does the neighborhood have covenants or restrictions? And if it does, how are they enforced. Many areas have covenant agreements, but if no Home Owners Association (HOA) exists, they are very hard to enforce when infringements arise. Which brings up another item, HOAs will also have regime fees associated with them that must be paid on an annual or monthly basis.
One good bit of advice, is to visit the area you are considering at different times of the day and night. This will give you a better idea of what goes on in the neighborhood at all hours such as what kind of traffic levels to expect.
Take a look at some of the featured subdivisions on this site and give Louie a call. With his knowledge of the area and years of experience, he can help you find the right lot for your house plan, desires and budget.
Next up, Who will build it (I think you know the answer).
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