Welcome to the official Blog of BuyOwner.com

BuyOwner.com buy sell trade rent

  • Home
  • About BuyOwner.com
  • Popular Posts

Build Your Dream Home on Vacant Land!

Aug13
2008
Leave a Comment Written by Allegra

Vacant Land

Have you been shopping for a new home and coming up short? Do you know what you want but can’t seem to find it? Think about building!

Buy a vacant, residentially zoned property, and you can create your own personal paradise, specifically to your customizations!

Building your own home fits perfectly into the American Dream, giving you a chance not just to own your own home but to create it. There are definitely some considerations you need to think about first, though, before you make the big purchase.

Step One: Budget.

Think about your financial situation and decide how much money you can spend. What is the minimum you’ll pay and what’s the absolute maximum? Remember, you’ll be paying for not only the vacant land, but also the building of the home and everything that goes along with that. You’ll have to apply for loans, such as the vacant land loan. You might also consider taking out a home equity loan on your current residence. You can enjoy tax deductions by doing so.

Step Two: Location.

As with buying a home, research the different areas you are considering. Do you want to live on a coast or inland? Do you want a rural setting or a city setting? Are you looking for a breathtaking view or a spot in the best part of town?

Where’s the land in proximity to things you need like grocery stores, your work, a beach, a mall or anything else that’s important to you? If you’re retiring to this home, being near commuting won’t be as important as being near daily conveniences or recreation. It all depends on what exactly your dream is for your home.

Step Three: Investigate.

When you settle on an area and the details, go take a look at the vacant properties that are available at BuyOwner.com. Consider the terrain, the size of the lot, if there are wetlands and if you’ll need to clear the lot. Either hire an inspector or very carefully look over every aspect of the land yourself.

You’ll also need to find out about utilities. Check with the local utility companies if there are electric, gas and public water services for the land as well as if there are public sewer lines that run to the property. If these things do not exist, you’ll have to allow for the expenses of adding them.

Step Four: Paperwork.

When you’ve settled on a property, you’ll have to file paperwork and obtain titles. Before construction, you’ll need an entrance permit and a construction permit. If there are any restrictions to the lot, you’ll have to make sure they are met while building. Contact the town building department to make sure your land is correctly zoned for building your home on, and contact the assessor’s office to find out about tax information, flood-zone boundaries, how far away the home has to be from the street and whether there are any easements. (An easement is the right to use a part of land owned by someone else for a specific purpose.) File your blueprints and the building permit application, and confirm you won’t have any troubles getting a permit. Once everything is in order, let the building process begin!

Buying vacant land can be an incredibly exciting, yet very nerve-wracking time. So it’s good to keep in mind the end goal. Because you’re starting from scratch, the home will be completely customized to you and your tastes. You’ll have total control over everything from the flooring to the roof and everything in between, so your dream home can become a reality!

If you enjoyed this post, consider subscribing to the Buy Owner Blog!

Related Reading

  • Why Own Your Own Home?
  • Should You Buy a Second Home?
  • Gaining Information from Neighbors
  • Buy vs. Rent: Rent Calculators & Loan Estimators
Posted in Buying Tips, Tips and Ideas - Tagged building a home, building on vacant land, building your dream home, buying, getting your dream home, home ownership, new home, owning your own home, real estate, vacant land
SHARE THIS Twitter Facebook Delicious StumbleUpon E-mail
Similar posts
  • Declutter: Taking the First Steps — You hear it time and time again. As a home seller, or ju...
  • Make Your Small Home Look Big — An abundance of homebuyers are choosing to downsize right...
  • Red, White & Blue! — The beauty of Independence Day, or more commonly referred...
  • Featured City: Deltona, FL — As part of a special feature at the Buy Owner Blog, we’l...
  • Florida Home Prices Dropping — According to a recent article at HousingWatch.com, Flori...
« Thinking about Investing in Real Estate?
» Energy-Saving Tips for the Garden

No Comments Yet

Leave a Reply Cancel reply

You must be logged in to post a comment.

About the BuyOwner.com Blog

Welcome to the BuyOwner.com Blog, your source for regularly updated market information!

Founded in 1984, BuyOwner.com® is the leading provider of real estate marketing services. We pioneered the "For Sale by Owner" (FSBO) market, which today represents over 20 percent of all residential real estate transactions.

You can read more about BuyOwner.com here.

Article Archives

Buy Owner Links

  • BuyOwner.com on Facebook
  • BuyOwner.com Testimonials
  • BuyOwner.com Website
  • Twitter: Buy Owner

Blog Roll

Real Estate Top Blogs Real Estate Blogs - BlogCatalog Blog Directory Add to Technorati Favorites Find the best blogs at Blogs.com. Blog Directory Home Improvement Blog Directory

Subscribe

Enter your email address:

Delivered by FeedBurner

Tags

31 reasons to sell with buy owner adding value to your home buying a home buying a house buy owner Buy Owner experience curb appeal decorating eco-friendly eco-friendly tips environment florida fsbo Green Living holiday home decorating Home Improvement home improvements home ownership home selling how to sell your home interior decorating interior design kitchen Market News moving real estate real estate market real estate selling real estate tips Regional Info selling selling a home selling a house selling Buy Owner selling by owner selling for sale by owner selling fsbo Selling Tips selling with buy owner selling your home spring staging using buy owner winter

EvoLve theme by Blogatize  •  Powered by WordPress BuyOwner.com Blog
Tips and info for people selling & buying their homes "Buy Owner"