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…
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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…
Read moreCheck 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…
Read moreDecide Your Community Style: Tip #1 for Buying Lots and Land
You’ve decided you’d like to buy a residential lot and build a new home – congratulations! No other option for owning your own home gives you as many ways to design and customize a home that’s all yours from the ground up. But where do you begin? You’re already discovering that the web is a great tool to help you do research, see the many choices available, make informed decisions about the type of home and community suits you and to help find a qualified builder. Earlier we gave you 8 Tips For Buying Residential Lots and Land For A…
Read more8 Tips for Buying Residential Lots and Land for a New Home
So you’ve decided you want to build your next home from the ground up. We’ve got eight “must-dos” before you buy that residential lot. These are the highlights; we’ve explored each point more thoroughly in a series of posts as noted in the links. Decide your community style: Just like buying an existing home, think up front about the kind of community and location that suits your style. Whether you want sidewalks, bike paths, schools and shopping within walking distance or the nearest neighbor a mile away, no other path to home ownership gives you as many options as buying…
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