Where do you see yourself living? Close to the city or out in the country? Buying land for your new home is an exciting decision, but it isn’t one that you should take lightly. There are different locations and terrains to choose from, and it’s important to relate your dream location to your daily tasks and priorities. This decision takes careful planning and research, and your builder should walk with you through the process to help you to find the best lot for your family.
Consider the Property Terrain
Often, the property terrain can affect construction costs. It’s important to visit the land multiple times before you purchase it. The lot might look one way in the summer and then look dramatically different in the winter. Take a walk around the area, talk to neighbors, and bring your family along to visit. It’s important to remember that a hilly property may cost more than a
flat piece of land due to development costs. Your builder will be able to assess the area and provide helpful insight. Some areas also require additional costs for long driveways, elevation changes, dirt removal, additional dirt, tree removal, and other lot developments.
Think About Travel Time
We remind our customers that location is one of the most important factors to consider when choosing a lot. If you find the perfect lot that’s far away from work, it still might not be the best option in the long run. Consider the places that your family visits regularly before you make a decision.
Ask yourself these questions:
How long will it take you to get to work?
Which school district will you live in?
Where is the closest grocery store?
How far away are friends and family?
Compare to Homes in the Area
It’s important to gain a clear overview of the neighborhood. Talk to your builder about how over or under building might have an effect on appraisals or property values. By properly assessing the neighborhood, you will have more confidence about choosing the right home design for the
area you want to live in.
Obtain an Owner’s Title Insurance Policy
By obtaining an Owner’s Title insurance policy, you will be able to learn about any disputes or liens on the land. Throughout the land selection process, it’s important to consider the details and how they could affect the big picture. We always recommend getting a survey of the property to learn about the best part of the lot to build your new custom home.
Do you need help finding the perfect lot for your home? We currently build custom homes in the following Indiana counties: Boone, Clinton, Hamilton, Hancock, Hendricks, Howard, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, Shelby, Tippecanoe, and Tipton. We would love to help you build the home of your dreams. Contact us here to get started!