How to find a lot

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Once you know the areas you want to live in, and what the house you want to build will require in a lot, you can go lot shopping.

Where do you find a lot? Start by driving the streets of the areas you want to live in. This is the best way to find a lot in the place you really want to live. By doing these things you get a better idea of whether or not these neighborhoods are ideal for the type of home you want to build. Also, driving the streets gives you a feel for what living there will be like, and allows you to keep your eye open for lots that are for sale.

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Factors in Site Selection

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You have a lot picked out and purchased, you have your blueprints for your house, and you have the materials waiting. Now what do you do? You look carefully at your lot and decide where the best place to put your house is on the lot you bought.

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Buying a Lot

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Before you buy a lot, determine the actual cost of the lot vs. the listed price of the lot. What do I mean by this? You may think that a lot is a great price, and that you are going to save a whole bunch of money by buying this lot over another lot, and building there. However, this may or may not be the case. For example, one lot may be several thousand dollars cheaper, but if you have to put in a new water well and a septic system, you need to add that to the price. Check all of those types of things, and get estimates for everything from utility hookups to tree removal so you have a clear idea of what the lot will actually cost you, before you buy it!

Once you have determined your bottom line on the cost of the building site (purchase price, soil removal or additions, utility hook ups, water, septic, tree removal etc.) it is time to determine if it is worth that price. Don't let cost determine value. You want to save some money, and to do that you have to find a lot that will be a good price, but that will be a good value as well.

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