When it comes to buying a lot for your custom home, there are significant factors to consider.
When it comes to buying a lot for your custom home, there are significant factors to consider. For instance, purchasing vacant land differs from buying a property with an existing home. However, constructing your custom home from scratch can also be exciting. Keep reading to learn the considerations.
Outline Your Goals
Defining what you want is the first step to buying a lot for your custom home. This includes budget, location, and the features your proposed piece of land must have. For example:
- Do you plan to live on your property full-time or part-time?
- What is the purpose of buying a lot? For investment, recreation, or to build your custom home?
- What features are crucial to you, such as proximity to views, urban centers, or possible land uses?
Lot Size and Shape Factors
Ensure you inspect the size and shape of a lot before purchasing it to build your custom home:
Understanding Zoning and Legal Issues
A portion of the lot may be subject to title disputes or back taxes. Make sure you obtain professional assistance to investigate and address these issues. It may be worth a trip to gather information about potential construction projects scheduled in the area to understand the lot’s long-term value. Also, check with your local zoning department whether the land is clear for residential, commercial, or mixed usage because these have various restrictions, taxes, and fees.
Soil Testing and Site Inspection
Evaluations should sometimes be completed on a piece of land you intend to purchase, primarily if the land is not part of a pre-planned division. The test evaluates your land’s topography and other factors to determine the best area for a septic system installation.
Utilities and Property Tax Assessments
If utilities are already at the property, you must pay the county to tap into them. Keep in mind that there are additional costly fees if the utilities must be brought onto your property. Of course, there are some issues you should consider before purchasing a lot for your custom home. This will help you save time and money in the long run. Call Robin Ford Building today at 410-239-8850 for any questions or to view any of our lot inventories!
Robin Ford Can Help You Build the Custom Home of Your Dreams!
With over 30 years of award-winning custom home-building experience, Robin Ford and his team of expert craftsmen have earned a stellar reputation for their commitment to quality. Click here to learn more about our financing options and how we can help you find a home within your budget.
As an Indoor airPLUS Partner, ENERGY STAR® Partner, Certified Green Professional, and Maryland’s only proud member of the exclusive Southern Living Custom Builder Program –Robin Ford Building and Remodeling, Inc. is equipped to build you a home that your children’s children will want to own. Call 410-239-8850 or contact us here to start experiencing The Robin Ford Difference today. You can also connect with us on X, Pinterest, and LinkedIn.