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Buying land to build a home on gives you the ultimate level of customization. However, before you buy, there are critical steps to take to ensure it’s suitable for your plans. From contacting land surveyors to checking out the area, follow these tips to help vet the land you’re thinking about buying.

What You Should Do Before Buying a Lot to Build On

1. Learn About the Logistics

If you've found a plot you like, you'll need to understand the area's logistics. Look at the value of other homes in the neighborhood to see if it's a reasonable location. The house you build will be priced roughly the same as a comparable home in the area, but the land may also be more expensive in high-priced areas. Also, check if any developmental projects are planned, such as road construction, which can increase traffic or devalue the property.

2. Meet the Neighbors

If the land checks out, knock on a few doors in the area. Explain that you're interested in buying the vacant property, and ask if there's anything you should know. You'll get an impression of the neighbors, and they'll be able to tell you if they've had any problems or what their experience in the neighborhood has been.

3. Contact a Land Surveyor

land surveyorsA land surveyor will conduct a property line survey to establish accurate boundaries and ensure you're getting what you think you are. They may also identify zoning restrictions, check for existing structures and utility lines on the lot, and look up records to ascertain ownership. A surveyor may even evaluate the land's potential and give guidance on the viability of your project, letting you know if the plot is a good investment.

4. Secure Funding

You'll need to look at your finances and secure funding from a trusted lender. However, since there's no home on the lot, you won't be able to get typical mortgage funding. Loans for vacant lots are a little harder to come by, as it's a more significant risk for the lender, so it may be a longer process and require a larger down payment.

This step can be done at any point during your land search. Getting funding in advance will help you know your price range, but a lender may be more likely to approve funding if you've already decided on a plot in a desirable area.

 

If you need experienced land surveyors, make Fusco Engineering & Land Surveying in Middletown, NY, your first choice. Since 1983, they’ve offered comprehensive civil engineering and surveying services, including property line surveys, sanitary inspections, building inspections, and construction consulting. They provide accurate estimates, competitive rates, and impeccable work. Learn more about their surveying online, and call (845) 344­-5863 for a consultation.

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