If you are purchasing a vacant lot to build your dream home, here are some important factors to consider – it’s not
all location.
Be
on the Look Out
Observe the other houses in the neighborhood. It’s best
to take the perspective of an investor, especially with the surrounding
comparable properties.
In
the Zone
Especially in Florida, consider the slope of the land,
and if it’s in a flood zone. Some neighborhoods have deed restrictions and
zoning requirements, like a height restriction that prohibits building a
two-story home or a minimum square footage requirement.
Be
Eco-Friendly
It is good to investigate the ecosystem surrounding the
vacant lot. Determine if trees have to be removed and if they are protected by
the state.
Utilities
Matter
Make sure to determine the accessibility of electrical,
water, and cable. When it comes to
sewage, find out if there is a city connection or if you will have to install a
septic system. This could significantly impact the cost of your build.
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