You may be a homebuyer who’s tired of competing for highly desired homes in the neighborhood you want, or maybe you just don't like the idea of living in an older house.
Either way, you have options if you'd prefer to live in a brand-new house.
Whether you’re planning to buy a teardown and/or build a home on the perfect plot of land prepare for a process that differs from purchasing an existing property.
Here’s your guide to purchasing that flat of land for the home of your dreams and what it’ll cost you to get there.
Buying Land to Build a House
If you’re starting from scratch, the first thing you need to do is buy land, which can be a simple process – or prove fraught with problems if you fail to do your due diligence. Be sure to follow these steps before you close on a plot of land. Starr Real Estate has land for sale & we can help you with the due diligence process.
Check the zoning and condition of the property.
Few things will be more disappointing than buying the perfect plot of land for your dream home, only to find out that it’s not OK to live on, either due to zoning issues or soil contaminants that make living there a hazard. Check the zoning, grade and soil quality, as well as other details specific to the area that may keep a house from being constructed on the land. Even if there’s an existing home on the property, it’s important to check, as zoning or soil quality could have changed since that structure was built.
See if utilities are hooked up.
Undeveloped, vacant land or a dated house may need additional work to enable it to reach utilities, including electric, gas and plumbing.