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Buying Land and Building on Your Lot - Top 5 Things to Look At Before You Begin

Thinking about building a custom home?

Considering buying a lot or piece land to build that custom home on?

 

Buying land or buying a lot and building a custom home - what should I look for? - Top 5 Things To Look For

 

Here are the Top 5 Things to look at before you start spending money!

There are a lot of things to consider when choosing a lot for your new home, beginning with asking questions about your needs and budget. 

 

 

#1 - What Should I Look For in My Lot or Piece of Land?

If you're looking to build a custom home on land of your own, congratulations!   You'll have a home that is exactly what you've always wanted - unique, individual, with a floor plan that suits you perfectly, all within your budget of course!   Here are some questions that you might need to answer as you start the process. 

How much of your total construction budget should the cost of the land be?   What's a setback?  Is a sloped lot good or bad?  What should I watch out for with a "bargain" price?  Click here for more information.

Buying land or buying a lot and building a custom home - what should I look for?

#2 - Should I Buy a Stand-Alone Piece of Land, or Build a Custom Home on a Lot in a Neighborhood?

There are advantages and disadvantages to both.  What kinds of homes will your new home be next to?  How much land do you want?  Who will provide road upkeep?  A subdivision or development may be more ideal for you than you think!  Click here for more information on choosing your neighbors.

#3 - 10 Questions to Ask Before Signing a Contract

So you've found a great lot!  Before you sign that contract, here's a list of 10 questions to ask - and what the answers should be.  You'll want to know about things like water and sewer access, zoning, natural hazards, and more.  Before you buy the blueprints for that new custom home to build on your lot, make sure to review these top 10 questions!

#4 - Getting a Bid for Your New Custom Home - Sewer and Water

Congratulations - you've narrowed down your custom home plan design to one or two choices.  Now you're ready to start getting bids from local custom home builders!  You'll want to make sure the bids truly compare - just because a bid is lower, doesn't mean that all the same features and essentials are being included.

One of the biggest expenses in a new custom home can be access to sewer, which in many areas means installing a septic tank.  And another large expense can be access to water, which may mean digging a well.  Here's what to watch for in your custom home bid. 

#5 - Getting a Bid for Your New Custom Home - Permits and Fees

No matter where you're building, you'll need to pay for building permits and fees.  These fees and requirements can vary greatly by county and city.  Make sure these are included in your custom home construction cost estimate, and that they accurately reflect the local city and county requirements.  Here's the questions you'll need to ask.

Buying land or buying a lot and building a custom home - what should I look for? - Top 5 Things To Look For

  

Custom Building a Home on Your Lot in the Raleigh Area

Building a home on your lot in the Raleigh area is an exciting process.  You've probably already spent time looking at different home plans, and you may even have the home plan of your dreams picked out. 

As a Raleigh custom home builder, we have a unique perspective on the home building process, and are happy to share our expertise. 

No matter who you choose to build your new home, we suggest that you make sure to walk through homes by that builder that will be finished at a similar level to the home you've chosen, or have your builder's representative point out any optional features in a model home that you have chosen not to include in your new home.

 

 You may also be interested in:

Additional Raleigh New Homes, Lots, and Land

5 Easy Steps to Buying a Lot or Land in the Raleigh Area

Other Available Land and Lots in Communities

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Finding Your New Home in the Raleigh Area

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes it easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  New homes from the upper $100s to the $500s. Custom modifications available too!

Call 919-278-8070 or visit www.StantonHomes.com to find out more today.

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Article copyright Stanton Homes 2010.   Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.   Stanton Homes is an NC New Homes Builder.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of above lot listings, but can work with homebuyers to purchase lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.
Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.