Issues to Consider When
Picking the Perfect Lot
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Martha Reber
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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 landscaper 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?