That famous American cowboy, humorist, columnist, commentator, performer and philosopher Will Rogers once said, “Buy land. They ain’t making any more of the stuff.”
If you are thinking about buying a parcel of land to build your dream home, here are some important things to consider:
• Decide on the community. Think about the kind of community where you want to live. What it looks like now what it might look like in the future, its features, its amenities, its location to schools, shopping or your nearest neighbor.
• Check the lot from satellite view. With technology from Google Street View you can see what’s next door or a couple of miles away. That great looking lot might be too close to the storage facility or a power grid a few streets down the road.
• Determine property conditions. Do three site visits – on a dry, sunny day; when it’s raining; and right after a heavy rain – and walk the property. Make sure there’s good run off and no standing water. Also check for no grass or dead areas, which might mean environmental problems.
• Confirm land infrastructure and utilities. Check if there is city water and sewer, or if you need a septic system, and compare all fees and costs. If television and internet are important, review the available cable or dish options for that property.
• Review community and site restrictions. Check property use restrictions and environmental factors to make sure that you can build the kind of home you want. Check the Property Owners Association (POA) covenants, rules and regulations relating to construction guidelines.
• Rely on professionals. Ensure that you work with a real estate agent or broker who has local knowledge and experience in representing potential home site buyers. Speak to your architect and-or local home builder and let them walk the lot before you buy it.
• Get a builder involved. Interview a few local potential builders to learn about the kind of homes that would be perfect for that lot. Are you looking for an stock house plan with limited options or a fully customized home? There are some home builders who specialize and have particular expertise in certain developments.
Larry Stoller is a broker and Realtor with Real Estate Five of the Lowcountry. Larry@RealEstateFive.com, RealEstateFive.com, SunCityOpenHouses247.com