Are you ready to build your dream home? Well, congratulations! You’ve found the right place because we know exactly how passionate you are about building your own house. However, before getting started, you need to make sure that your dreams stand a chance of coming true.
The good news is that building your own home doesn’t have to be difficult or expensive. Using a few simple principles and guidelines, you can ensure that the project you undertake will be successful and profitable.
Start by reading through the following list of considerations so that when you do buy land to build a house, you know what to look out for. Keep reading to discover which factors apply to your particular situation.
Lot Size
Land size is an important factor when purchasing land to build a house. One acre of land is about 43,560 square feet. This amount of land can comfortably accommodate a one-story, ranch-style home. If you are looking for more space, you will need more than one acre of land.
When considering the size of the lot, it is also important to consider the shape of the lot. A rectangular lot provides more options for the house placement on the property. A triangular or curved lot may require that the house be built closer to one edge, limiting your options for landscaping or driveway placement.
Proximity to Neighbors
The closer the houses are, the greater the potential for noise and other disturbances. If you’re looking for peace and quiet, it’s best to find a plot of land far away from other homes.
Of course, this isn’t always possible. If you’re buying in a developed area, you’ll likely have to live close to your neighbors. In this case, be sure to ask yourself how tolerant you are of noise and activity. If you’re not comfortable having people right next door, it might be best to look elsewhere.
Keep in mind that there is no guarantee living further away will solve all of your problems. You could still hear noise from nearby roads or shopping centers.
Proximity to Water
In most cases, when people buy land to build a house, they want to be as close to nature as possible. This usually means being near a body of water, like a river, lake, or ocean. There are many benefits to living near water.
The most obvious benefit is the view. It’s always stunning to look out your window and see a beautiful expanse of blue water. If you’re lucky enough to live on a waterfront property, you can enjoy activities like fishing, boating, and swimming right in your backyard.
Proximity to Town
If you want to be able to walk or bike into town for errands and such, then you will need to find a piece of land that is within proximity to town. Even if you don’t mind driving into town, it can still be nice to have some stores and restaurants nearby.
Of course, how close the land is to town will also depend on your location. If you are in a rural area, you may need to drive for a while before reaching town. But if you are in an urban area, there may be several neighborhoods within walking distance of downtown.
Property Taxes
The amount you will pay in property taxes will vary depending on where you live. In some states, the property taxes are very low, while they are much higher in other states.
One thing to keep in mind is that the assessed value of the land may be different from the purchase price. The assessor may consider how close the land is to a paved road or public transportation or how large the lot is. So make sure you ask about the assessed value before you buy.
Another thing to keep in mind is that property taxes usually go up every year. So if you are planning on living in your house for a long time, the property taxes may be a lot higher than you expect.
