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How to Buy Land to Build A House

How to Buy Land and Build A House

Buying land to build a house is becoming extremely popular in today’s market especially where inventory is low. Millions of people are choosing this alternative. Today, I am going to show you how you can buy land and build your own house.

Step 1 – You find and price the land if you do not have your own lot.

Step 2 – Lot Finishing. This is the cost to prepare your lot for construction which includes engineering, permits, clearing, utilities, driveway, etc. Costs can vary significantly depending on county fees, lot size and amount of work needed to the land.

Step 3 – Models. If you hire a builder to build your house, they have different models you can choose from, and these models vary depending on style and size. Or you can hire an architect firm to assist you in designing your house.

Step 4 – Options and Upgrades. Any home you build has a base price. Any option and upgrades you add will increase the price of the home. There are a wide variety of options you can choose from to personalize your home to make it a good fit for you.

Now you are wondering How Do You Get Started

First, you need to get pre-qualified by a lender for a construction-to-permanent loan and to determine a budget that is comfortable for you.

Second, find the right lot in the area where you want to live.

Third, select the perfect floorplan for your family.

Fourth, select your upgrades you would like in your home.

Five, create a cost estimate to build your dream home.

Buying land to build a house is not an immediate delivery. The build time ranges between 9 to 18 months. This includes procuring the lot, permitting, site development, and construction of your home. Timelines vary based on the county and site development needed.

When you are working with Watkins Team RE, we can help you find the right lot, find the builder and the lender who does construction to perm loans. So, if you are tired of getting your offer rejected or looking for a home that is not there, then click the link register for a free consultation so we can get you started.

I am Denise Watkins and I will see you next week.