Why You Should Own a Lot Before Designing Your Custom Home
When embarking on the journey of designing and building a custom home, one key step that should precede the design process is securing a lot. Consulting a Real Estate Broker will help you determine what lots are currently available on the market and what future lots might be in the development process. Here's why owning a lot first is crucial:
Site-Specific Design: The characteristics of your lot-size, shape, topography, and orientation - significantly influence the design of your home. Understanding these aspects beforehand ensures that your home is tailored to the specific conditions of the land.
Regulatory Compliance: Each lot is subject to local zoning laws and building codes. By owning the lot first, you can design your home in compliance with these regulations, avoiding costly redesigns.
Budget Allocation: Knowing the cost of your lot upfront helps in better budget management. You can allocate funds more accurately between land purchase and construction costs. In most cases if you purchase the lot in advance and own it out-right it can be used as a down payment on your construction loan.
Utility Access: Different lots have varied access to utilities like water, sewage, electricity, and internet. Owning the lot allows you to assess these aspects and plan for any necessary infrastructure investments.
Natural Features: The lot's natural features, like trees, slopes, and water bodies, can be integrated into your home design, enhancing aesthetics and sustainability.
Neighborhood Fit: Understanding the neighborhood's style and ambiance helps in designing a home that fits in, enhancing its long-term value and appeal. In addition, some neighborhoods have builder restrictions, you will want to inquire if such a restriction exists in the neighborhood.
Future Expansion: Owning the lot gives insight into the potential for future expansions or additions, allowing you to plan your design with future growth in mind.
Personalization: Finally, owning the lot first allows for a greater degree of personalization in your home design, ensuring that every aspect of your new home is exactly as you envisioned.
Contact our agent aprilconnors@windermere.com to find out what lots we have available to building on!