Selecting A Building Lot
Lot selection is a far too often over-looked aspect of building a new home, and oddly enough; it is one of the most important. Selecting a Lot
Lot selection is a far too often over-looked aspect of building a new home, and oddly enough; it is one of the most important. The lot you choose to build on is in essence the “foundation,” if you will, in many cases of your most important asset. With all this being said, it is also vital you select a lot that is right for you. It must be to your liking with respect to location, terrain, and neighborhood characteristics. Be sure to ask yourself questions with regard to each of these topics…oh, and be prepared to give yourself honest answers. Remember YOU are building YOUR dream home.
Location
What is the position or setting of the lot? Does it offer desirable views? What is the directional orientation? Are there prevailing winds at particular times of the year that may blow dust, particles, or odors toward your new house? Is it on a busy street or intersection? What is the scene or locality like? Is the lot in a planned community / subdivision, or is it unique in the area? Is this a stable or esteemed neighborhood with price protection covenants? Is your proposed home going to worth more than the surrounding homes? What are the tax rates of the city/county in which the lot lies? Are there close by enviable amenities, such as good schools, recreational outlets, and shopping centers? You’ve heard it before, location, location, location!
Terrain
What is the topography or geography of the lot? Is there a firm, stable soil base? How well does it absorb water? Is the soil too rocky or too sandy? What is the slope or grade of the land? Is there an existing drainage problem? Is the land too flat, where water can collect in spots? Are there natural ditches, ruts, creeks, or other features that might be obtrusive or cause such problems? Is the lot located in a flood plain? What is the environment like? How is the landscape pre se? Are there too many or not enough trees for your tastes? Is there enough privacy provided by existing trees, or would you have to plant more trees or shrubs to obtain your preferred level of privacy? Know your terrain before you build.
Characteristics
What is the size and shape of the lot? Do you want a basement? Does the lot allow for one? Are your surroundings attractive? Are you already on a sewer line? If not, be prepared to install a septic tank and pass a percolation test. Are there already underground utilities installed, are they above ground, or even not yet established? What are the zoning laws? Are there any building covenants if lot is in a subdivision?
Once you have evaluated the above questions to your satisfaction, it is highly recommended you then obtain a legal description of the lot. It should have been prepared by a registered surveyor showing all borders and easements. If the seller cannot produce it promptly, you should arrange for a site survey yourself. An accurate survey can do nothing but help you now and in the future.
