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Find the area of town you are interested in, and begin your search for suitable property. The Internet can be a valuable resource for finding available lots.
You can determine the value of land by comparing it to the land and homes sold in the surrounding areas over the last six to twelve months. You may wish to search within the actual subdivision, or one square mile, to get an accurate estimate.
Your builder can help you determine if it is feasible to build your home on this property. They can also help you determine if the land will generate any additional costs.
You will need to work with a lender that specializes in construction loans and permanent financing. Remember, if you have representation, your agent will be able to coordinate these efforts on your behalf. You will have an experienced ally to help you through all these steps.
Realtors® often have solid relationships with the professionals you will be using, so this will make your search a lot easier. Their experience will also help you avoid many of the common pitfalls associated with building a custom home. |
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