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There
are lots of issues to consider when you're selecting the site for your
custom home. Here are some of the things to be aware of and investigate
before you sign a contract.
Have
a Game Plan
You don't need a finalized plan before you select a lot - in fact, a custom
plan's design should take advantage of its setting. But be conscious of
special requirements. For example, if your heart is set on a basement,
you'll need a lot with enough slope to accommodate it. Generally, a lot
should be about 20% to 25% of a home's total price.
Get
Professional Help
A Realtor can find properties and assist with legalities. Many builders
own lots or can help you find one. They also can make you aware of problems
with a lot that may increase building costs. An architect or residential
designer can determine whether a lot is right for your plans. A landscape
architect can determine where the home should be placed on the lot.
Location,
Location, Location
Is the lot convenient to work, school and recreation? Are surrounding
homes in a similar price range and have complementary architectural styles?
How is the lot zoned and are there any easements on the property? How is
the surrounding property zoned and what is the rezoning outlook? Are new
residential, commercial or governmental projects planned that may impact
property values? Research the HOA as well as architectural, square
footage or other restrictions. Consider your views: what will your home
overlook and could that change?
The
Lay of the Land
How large a lot do you require to accommodate your plan and your lifestyle?
Will your home fit within the lot's building envelope? Take into account
setbacks as well as aspects of the plan - such as a side-entry garage which
may require additional space on one side. The lot's slope will dictate
what type of foundation is required. (basement, crawl space, etc.)
Poor soil
conditions may require deeper footings; rocky sites may increase digging
costs. Streams may create flood plain issues.
Utilities
Are utilities readily available or will you incur additional connection
costs? If city water and sewer are not available, will the lot accommodate
a well and septic system?
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