It would be remiss not mention that before you begin searching for a lot, it is a must to know the approximate cost of the house you intend to build. Knowing that number will help you to create a budget to determine how much money you’ll have available to purchase your parcel of land.
KEEP AN OPEN MIND
Fair warning – the lot you may want isn’t always the lot you can afford. Finding a perfect lot can be elusive, so don’t limit your options. Visit a variety of lots, even those that on paper may be considered undesirable.
A lot that is narrow or uneven is more difficult to sell and often can be purchased at a bargain price. Consider consulting an excavating contractor to get a professional opinion. Advice from the right contractor may turn what you see as a problematic lot into one that actually suits your needs. You never know when you might stumble upon a diamond in the rough.
ALWAYS CONSIDER WATERFRONT LOTS
A house on the beach is probably not in the cards for most people, as beachfront lots usually command a premium price. But, the fact is, almost everyone loves to be around water. If you’re looking for a waterfront lot, strongly consider properties that are on lakes, rivers, canals or streams. These lots are generally less costly than the beach, and at the same time, they are a good investment in terms of the retention of property value.
BE PREPARED TO KNOW YOUR SITE
There are risks and unknowns when you purchase any lot. As mentioned above, it is suggested to consult with a contractor who understands excavation. Also, it is worthwhile to have the lot soil-tested before any papers are signed. Your contractor should make you aware of any potential physical challenges that he or she might see in the lot. Ask your contractor specific questions, such as how much grading the lot might take, whether or not fill dirt will be needed, and what will happen with the lot and the cost of the project if the excavator hits rock. It is always prudent to overestimate the cost and amount of time needed for site preparation work, rather than counting on the lowest cost and quickest outcome.
BUILD WHAT’S APPROPRIATE
Context is everything when it comes to choosing the right lot for the home you aspire to build. The location of your building lot and the type of housing around it is very important. If you are building in an already-established neighborhood, the home you build needs to be appropriate for the area. If you over-build for the area, it is unlikely the home will have a profitable resale value.
Get to know the neighborhood. What are the income levels of the community? How good is the local school system? What are the crime rates? No amount of house or lot can make up for the undesirable aspects of the neighborhood, so make sure you understand all of the neighborhood’s features and imperfections before you make a move.
Much is to be considered before you enter into the homebuilding process. Your lot is one of the most essential first steps. Start by making a list of what you want, while also realizing you might not get everything on that list. List the up- and downsides to each lot you visit. Enlist the help of an excavating contractor, and keep an open mind about the available lot options. Be thorough, and make your decisions deliberately. Don’t be in a rush as you consider all your options.
CUSTOMIZING
The term customization can be interpreted in several ways. It can mean selecting the interior finishes of your home, but it can also mean changing the physical floor plan and layout of the home. On both accounts, Rochester Homes has you covered.
Between Rochester Homes and your Authorized Independent Builder, your wish list is covered with everything you may need or want in your new home. RHI will provide you with a “Product Guide” that details all of your available choices. In the Product Guide, you may select from a wide array of optional building products to include in your new home – everything from appliances to flooring choices to your front door.
If you want something that is not offered by Rochester Homes, this usually is not a problem. Consult your builder on the content of your wish list, and he or she will be happy listen to your ideas and creativity.
Homes can be changed drastically from their original floor plans by changing widths, lengths and ceiling heights. Also, during the planning stage, other physical changes may be made to accommodate your own personal sense of style. For instance, if you prefer a craftsman-style home, certain features may be added by your builder to accomplish that look.
In addition, your builder will work with you regarding your desire for any custom porches, decks, garages, etc. Contact your builder to discuss all of the possibilities.