If you want to build a custom home, you'll probably want to shop for the perfect lot to build on. You have many choices when it comes to lots for sale, but it's always important to understand the land and restrictions that might come with it to make sure you can build on and use the land the way you want. Here are some options to consider when looking at lots for sale.
Buying a lot in a planned community that has HOA regulations to follow might be a good choice when you want to protect the value of your property and have some control over unruly neighbors. Everyone in an HOA community has to abide by the same rules, so the chances of someone letting their property fall into disarray are slim.
However, you'll have to follow the rules too, and you might find that too restrictive. If so, look for a lot in a subdivision that does not have an HOA so you can do what you want with your land as long as you abide by city codes.
Waterfront land is always more expensive, but you'll have scenic views and recreational activities when you build on a waterfront lot. A lot on a large lake with calm waters would be ideal for fishing, swimming, and boating.
The shoreline is an important consideration if you'll be boating and swimming. A shoreline that's sandy or rocky and gently sloping would be better if you want a place for kids to swim rather than one that's muddy, steep, and drops off suddenly.
Remote lots are often the most difficult to buy since they may be totally undeveloped and not have utilities. You have to do essential research on remote lots to find out how much it will cost to run utilities or install your own wind or solar power. Plus, it's important to test the soil to make sure it isn't contaminated. You'll also want to find out who has water rights so you can put in a well.
There may be other restrictions for use on a remote lot, or others could have legal access to your land or water. You'll need to hire professionals to search the history of the land and to find out about easements, zoning, and rights that come with the land purchase. You don't want to buy remote land only to find out you can't use it like you want.
You probably have an idea of the type of lot you want to build on, so you can work with a real estate agent and let them know what's important to you. You might want a lot that's close to the city and medical facilities or you might want a survival lot where you can be off the grid.
One of the most important things to remember when you're looking at lots for sale is there could be regulations that control how you position your house or what can be built next door, so you'll want to find out as much information about the land as you can before you buy.