|
How
to Purchase Land
 You
have always wanted to build
your dream home on a hill
with views of the mountains
on one side and the city
lights on the other.
Many of us have a dream
like that and have wondered
what would be necessary
to find the right piece
of land, develop the land
and build our custom home
just the way we want it.
When looking for the land,
your Real Estate Agent can
help you determine the zoning
to see if a home can even
be built on your choice
of lots. Is it zoned
for residential and can
the utilities be hooked
up to the property?
If the property is in
a rural area, you may have
to install a septic tank
for your sewage and a well
for your water supply.
Certain areas require a
"perc test" to
determine if the site is
suitable for a septic tank.
You may also need a propane
tank which needs to be periodically
refilled.
Your new piece of land
may not have been "graded"
yet so that will have to
be completed. You
can buy property that is
"builder ready"
or a piece of property (raw
land) that needs to have
everything completed before
actual construction of your
home can begin.
 Your
financing for your land
and then the construction
of the house should be one
of the first things you
ask your Real Estate Agent
to help you with.
Some lenders require 50%
down when purchasing land
and the loan will most likely
be for a shorter period
of time than you are used
to.
Now comes the fun
part -- the planning department
and learning about permits
and inspections. You
will learn about land use,
zoning changes, conditional
use permits, architectural
and site reviews.
Some buildings may require
environmental review because
of their size, etc.
|
