Homes Built on Your Lot - By: Paul Escobedo

Deciding where to build your new home can be a very important decision. Many factors are involved in this decision and considerable thought and research should be done before purchasing the lot on which to build your new home.

The purchase price of a lot on which to build your home is an important consideration. Generally, the cost of a lot should be approximately 17-25% of the value of your home. Be cautious of lots sold at a greatly reduced price compared to the rest of the neighborhood. On lots outside of the city sewer system, some lots are unable to support a septic system. On this type of lot, many costly alternatives to the septic system may have to be explored. Be sure to ask questions of the lot owner. It is easier to pass on a lot on which to build your home than to deal with additional expenses later.

The location of the lot is, of course, very important to most potential home builders. Some people prefer the countryside, while others want to be in the middle of the hustle and bustle of city life. The size and shape of the lot will also determine whether your new home will fit without being pushed into an area you really did not have in mind.

The slope of your home lot will also affect the building process. A steeply sloped lot that will require considerable foundation work will increase the price to build your home. Be aware of how the water will drain after severe storms to lessen the chance of flooding.

Wooded lots are very desirable, but can be more costly to prepare for building your home. Tree removal, disposal, and lot preparation will require more effort on the part of the home builder and increase the price as well. Rocks and boulders will also require more work to ready the lot for the home building process.

Sometimes homeowners will chose a home plan before buying a lot on which to build. Research the lot to be sure it can support the home plans. The home builder should be able to add valuable advice in this area.
As always, research is a beneficial resource which can prove invaluable when building a home on your own lot.

About the Author

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