Guide to Buying Land to Build Your Own Home
Building your dream home on your own land is exciting, but the process can be overwhelming. The average person may not know how to buy land that’s suitable for building a home, and it’s easy to make a misstep. Here, we offer some guidance on how to buy land and build a house on it.
Tips for Building on Your Own Land
Find the Right Builder
Before you even start to look for property, it’s smart to find the right builder to help you through the process. An experienced builder knows what to look for when buying land and can help you navigate all the ins and outs of the home building journey. Look for a builder that does a lot of build-on-your-own-land projects, and take the time to talk to people who have worked with that builder in the past. Look at your builder’s floorplan options to make sure they’re in line with what you want before you commit. If you choose a homebuilder with good connections, you’re likely to get a competitive price on building materials; talk to your builder about this before you begin.
Create a Budget Before You Begin
Is it cheaper to buy land and build a house than to buy an existing home? Yes and no. The average cost of a new home is higher than that of a pre-existing home, but new homes come with warranties. By buying a new home you can rest assured that everything in the home is up to code and will not need to be replaced in the immediate future. When you’re building on your own land, there are a variety of things to consider. Does the lot need a great deal of preparation? Are there already utility hookups? What licenses and permits will you need? All of these factors play into the overall cost of the project.
Decide Where to Buy
Do you have an idea of where to buy land? You probably have a general area in mind, but it’s harder to find land to buy than it is to find a house. Hiring a real estate agent to help you and networking within the community are great ways to find property.
Hiring professionals to help you through the process is crucial. You may not know what you need to know when buying land, but experienced contractors and builders do. They can help you determine whether the lot you’re considering is a good fit for the home you want to build, and they also know how to anticipate costs you might not expect, secure permits you’ll need, and build a house that follows building codes.
Build on Your Own Land with Landmark Fine Homes
If you’re ready to build your dream home on your own lot, Landmark Fine Homes is the Oklahoma City builder you need, with floor plans and expertise to make your dream a reality. Our homes are energy-efficient and built with the utmost attention to detail. We’ll even help you find the right piece of land to build on, performing a free inspection to determine all the costs involved in building a house on your lot. Make your next house the home of your dreams by contacting Landmark Fine Homes today!