5 Things to Consider Before Buying Property to Build Your Custom Home

Getting to know a property before breaking ground is so important. Securing a loan and buying a plot of land is half the battle. Before you purchase your land you’ll want to do some research to make sure that it’s a great investment. The last thing you want is to buy a plot only to find out that your well has dried up or you can’t get high speed internet in your area. 

Read on for 5 things to consider before buying property to build your customized home. 

CONSIDER HIRING A PROFESSIONAL TO DO A FEASIBILITY STUDY

You can certainly do your own research to determine how feasible a plot of land will be to build on. We are also happy to connect you with one of our trusted providers due to our extensive network. A feasibility study will help you prevent busting your budget should a problem with the land arise. You’ll know exactly what you’re getting yourself into before you pull the trigger on purchasing a plot of land. You’ll want to talk to the neighbors to determine what kind of sewage, water, electricity, internet and garbage removal services they have at their disposal. A professional can help you figure these things out to prevent surprises once building has begun.

CONSIDER THE AVAILABILITY OF UTILITIES

Some places aren’t able to be developed due to water limitations. Make sure that the area you are building in will have utilities available such as water, electricity, natural gas, internet, waste removal, telephone and sewage.
Some locations aren’t able to hook into high speed internet. If you don’t use the internet much that may not be a problem for you but if you are someone who needs fast internet to work and entertain, this will cause an issue. If you are using a well, you may want to ask around to see if your neighbors have had any issues with their wells drying up or needing to be relocated.
Can the electric company get to your plot to connect electricity? Will they pay for this service or will this come out of your pocket? Look into each service that you’ll need and do your research.

CONSIDER PROPERTY LINES AND ZONING RESTRICTIONS

Obtain and keep a copy of a preliminary title report. This will provide a history on the property as well as contain any restrictions, covenants, rights (such as mineral, water, oil, etc.) that may impact how or if you can build on the land.
Make sure you understand property rights which will detail how close to the edge of the property you can build. Take a look at what kind of vegetation exists on the land and make sure that you’ll be comfortable maintaining the property.
Check to see if there are any height restrictions in your area before you build. If you’re on a vista, you may not be able to build a tall, three story home on the land. 

CONSIDER THE NEIGHBORHOOD

As always, make sure you research the neighborhood and take time to meet your neighbors before you commit to a property. You’ll want to make sure that you are living next to people who you’ll love being neighbors with. Check the school district if you have or are planning to have children. Make sure you are comfortable with how close (or far) you are to your church, park, school, and your place of work. 

CONSIDER LOCAL VARIANCES AND MORATORIUMS

Make sure to check for local legal variances and barriers. Some cities and townships have building moratoriums and regulations on how you may build within their jurisdiction. Make sure you understand all of these variances before moving forward with your building so you don’t have unexpected red tape to hop through. 

READY TO START DESIGNING YOUR CUSTOM HOME? 

The professionals at Creative Home Designers are ready to help you bring your dream home to life. We can customize home design to meet your unique needs. We help you by maximizing the efficiency, flow, and design of your dream home and we’ll make it look great.

Call us today for a consultation. We’ll begin by discussing your vision for your future home and then we’ll get to work creating a design and plan just for you. We can even offer a 3D rendering of your home design to help you envision your future home. Then, due to our extensive Oklahoma network, we can connect you with trusted builders and providers who will see you through to the finish line. Click here to browse our creative home designs.