3 Tips For Purchasing A Lot For A Custom Home

Posted on: 20 June 2016

Building a custom home on your own land can be a dream come true. But before you even start thinking about construction starting, it is important to select the right lot to build your new home on. Purchasing a lot can require a large financial investment, so no matter how eager you are to get the house started, it is in your best interest to take your time. Use the following tips to ensure that you buy the perfect lot to build your home on:

Get a Land Survey

A land survey is an incredibly useful tool that gives you a lot of information about a parcel of land that you're interested in buying. When you order a land survey from a licensed company, you will know the exact boundaries of a lot, as well as any right of ways, encroachments, or easements.

An easement is when a land owner puts into writing that other parties may use a portion of the property; for example, a property owner may grant an easement for a path to a lake or stream adjacent to the lot.

An encroachment is when a fence or building belonging to someone else partially lies on the property that you're interested in.

You can reach out to a professional, such as Crest Engineering Associates, for a land survey, and use this information to help decide if you actually want to purchase the lot, or if easements or encroachments may interfere with your plans for the property.

Look for Road Access

Ideally, you will want to purchase a lot that fronts a public road so you will have easy access to the property. When your lot is adjacent to a public road, you will not have to worry about the expense of building and maintaining a private road. If a public road already exists next to the lot you want to buy, building of your custom home will likely go faster, since there will not be any delays while you wait for a private road to be built.

Inquire About Utilities and Infastructure

When considering the cost of a lot, it is important to ask about utility lines and infrastructure that already exists on the land. You may find a lot that sounds like a great deal, but if you will have to install a septic tank and have utility lines laid before you start building your home, the lot may end up costing a lot more than expected, and construction may be delayed by months.