Back to Blog Home

Tag: building lot

Will Your Next Home Be Pre-Owned, Spec or Built from the Ground Up?

Your search for the American Dream. What to consider when choosing the path to your next home… Most people dream of owning their own home at some point; that’s why it’s called the American Dream. All prospective buyers want to find the right home for their family and their lifestyle, but the way each of them get there can be very different. Do you buy an existing new (“spec”) home? A previously-owned home? Or do you build the home of your dreams from the ground up? If you’re ready to pursue the American Dream – for the first time or…

Subdividing Land: Tips for Landowners from a Developer (Part 2 – Lessons from the Field)

Are you a landowner who is thinking about subdividing your land into residential lots? In this second of three articles on the topic, you can learn about subdividing land from the real world experiences of a real estate lawyer and developer. Be sure to check out the first article in this series that describes the common benefits and risks of subdividing your land. As noted in that article, some of the benefits may include: Increasing the total value of your land, Providing you the flexibility to keep your home, but still get income from selling your extra land, or Boosting…

Subdividing Land: Tips for Landowners from a Developer (Part 1 – Evaluate)

Learn to evaluate the risks and rewards of subdividing land into residential lots. In this first of three articles on the subject, a developer and real estate lawyer provides landowners specific items to evaluate when considering whether or not to subdivide land. Come back for the next articles in this series that provide insights for landowners based on the author’s real world experiences with the subdivision process, as well as a hands-on description of the steps landowners should take when subdividing land. Why Subdivide My Land? Sub·di·vide (v.): to divide into several parts; especially: to divide (a tract of land) into building…

Use Real Estate Professionals: Tip #8 for Buying Residential Lots and Land

All of the 8 Tips for Buying Residential Lots & Land for a New Home play an important role in evaluating a lot or land for sale, but it’s possible that the single most significant tip is to make sure you are working with experienced, knowledgeable and helpful real estate professionals. The A-Team Successfully identifying and purchasing that “right” property often requires the help of professionals with whom you work very closely – like an agent, home builder and architect. These primary contacts for buying lots or land for a new home are your A-Team. Choosing a good A-Team can…

Utilities & Infrastructure: Tip #5 for Buying Lots and Land

If you’ve been looking at residential lots for sale to find a site for your new home and you’ve found your community, evaluated builders, done computer research and checked out the property with a site visit, then it’s time to transition into the Technical Due Diligence stage. This post describes tips for evaluating infrastructure and utilities at the property, and is the first of several posts in this series to focus on Technical Due Diligence. If you’ve decided to put the property under contract (which can allow you to negotiate price, determine key terms and keep it from being sold…

The Site Visit: Tip #4 for Buying Lots and Land

When you’re buying a lot or land for your new home, the level of excitement builds when you think you may have found that “right” site. In Tip #3, our previous post about 8 Tips for Buying Residential Lots and Land for a New Home, we discussed due diligence, computer research and the Spaghetti Test as initial steps to eliminate properties that do not meet your requirements. Now we dig deeper into the due diligence process. The Site Visit So if you think you found property that might pass the Spaghetti Test, then you absolutely, positively have to do a…

Check from Satellite to Street: Tip #3 for Buying Lots and Land

So you’ve put some thought into the style of your neighborhood, the general area where you want to live and the type of builder you will consider using to build your new home. Now the fun begins! You can start to actually locate the specific building lot or land where your new home will live. Due Diligence: It’s a Process If you’ve done some online searches on LotNetwork.com, you likely have found several building lots for sale that you think could be the perfect lot for you. Now you must determine if a particular lot really is what you want…

Choosing Your Builder: Tip #2 for Buying Lots and Land

Today we’re looking at the second of our 8 Tips For Buying Residential Lots and Land for a New Home. So you think you’ve found an area, neighborhood or even lots for sale that fit your community style. Well, at the same time you should be evaluating potential home builders – or even just the types of builders – that you may want to use. Know Your Options Investigate your home builder options carefully. Some vacant lots or land for sale allow you to use any builder you want, but in other areas your choices for builders may be more limited…