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8 Tips for Buying Residential Lots & Land for a New Home

Decide your community style:  Just like buying an existing home, think up front about the kind of community and location that suits your style.  Whether you want sidewalks, bike paths, schools and shopping within walking distance or the nearest neighbor a mile away, no other path to home ownership gives you as many options as buying your own lot.
Choosing a Builder: Buying your own building lot also means choosing your own builder…usually.  Check out potential builders as much as you check out the property. Do you want a completely customized home, the convenience of choosing a stock plan or the choice of a builder in a traditional development? Or does your perfect lot come with a particular builder already attached?
Double check property conditions: You absolutely, positively have to do a site visit and walk the entire property. Putting the patio right there will be perfect for watching the sunset…if it’s not in a wetland. That “gentle stream” may become a raging river in a heavy rain. A big dead area with no grass might mean hidden environmental problems. Things can happen.