-
Step 1
Decide on the size and features of the home. This will help determine the features needed in the lot. Think about the cost difference between developed and undeveloped land. Developed land means that it already has existing streets, gas, sewer and electric lines as well as possible phone lines.
-
Step 2
Contact a realtor to find available lots in your desired area. Get printouts from them, so you can easily compare the features of each lot. Make sure the realtor knows features like the kind of view you are seeking, existing landscaping (namely big trees) you desire and whether you wish to be on a hill, on acreage or zero lot-line. The more the realtor knows, the better the chance the realtor can help you find what you need.
-
Step 3
Research building permits, fees, and other regulations for home building in the desired area. This may help determine the lot you wind up buying as well.
-
Step 4
Consider the type of house you would like to build compared to the lot you are considering. Are they compatible? If you want a basement and the lot is flat, costs can run much higher. Will your new house fit in with the rest of the neighborhood?
-
Step 5
Inquire about the future plans for the neighborhood you are considering. If you have children, check into the school district for that area. Also, think about your work commute and the traffic of the neighborhood.
