Are you ready to choose a lot but unsure where to begin? Purchasing a lot for your custom home can be challenging, but by doing your research and understanding what to look for, you can make an excellent selection for your new home’s location. Here are six things to consider when buying a residential lot to build a custom home.
When it comes to home building (and lot buying), location is key. Location not only affects your quality of life while in the home, but it also impacts the home’s resale value in the future. Consider the following criteria to assess a lot’s location:
- Your commute to work
- The school district
- The local crime rate
- Its proximity to amenities like grocery stores, malls, recreational activities
- The travel time to medical services
Because some of these options will be more important to you than others, it may be helpful to rank them in order of priority. If a location meets all your important criteria, consider it a potential winner!
Nearly as important as location is the neighborhood around your potential lot. Is it well developed? Are there vacant lots? Spend time in the neighborhood to get a sense of the culture. Is the environment one that you could happily live in? How is it likely to change in the next 5 or 10 years? All of these questions will factor into the neighborhood you choose.
The next condition to consider is the natural setting of the land. Are there mature trees on your lot? Is it an area that floods? Are you close to a wooded area? All of these naturally occurring conditions will affect your new home and quality of life.
Here are a few questions to help you analyze your potential lot’s access to utilities:
- Will your water be from a utility company or a well?
- Will waste be handled by a septic tank or a sewer system?
- What company provides power to the area?
- How near are local utility providers, and how much will it cost you to connect to services?
- If you use gas, will it come from a utility company or a propane tank?
- What internet and phone providers cover your area?
Unless you plan to go off the grid, be sure to thoroughly research a lot’s access to local utilities before you purchase.
Before you purchase a lot, you’ll also want to consider the amount of maintenance it will require. How big is the lot? Who is responsible for removing snow and ice from walkways and access roads? Does a homeowner’s association care for the neighborhood grounds? Maintenance may not be a huge issue for your lot, but you’ll want to know what you’re getting into before you find out you’re responsible for caring for extra land.
Finally, you’ll want to be certain that your lot is easily accessible. Think about how the road system around your lot will develop. Are there major highways nearby? Will out-of-town guests reach your home easily? Sometimes it’s difficult to gauge the accessibility of your lot, but try to imagine different scenarios that your guests may encounter including extreme weather (blizzards, flooding, etc.) or pending roadway development.
Now that you understanding what you need to bear in mind when choosing a lot, it’s time to take the next step on your custom home building journey. Contact Castle Brook Builders to learn more about purchasing a residential lot in the Omaha area. The experienced team at Castle Brook can walk you through each phase of the home building process. Schedule your consultation today!