Lisa, back in June, I wrote an article that will help you find your land. I tried copying it here, however, I can oly copy half of it. Hopefully, it will help you on your quest...
How to buy land for your custom home
The biggest mistake people make when buying land is to buy the cheapest lot available. It is still possible to find bargains. However, the laws of supply and demand are working against you. You might get lucky and get a great lot using this method. However, I would not count on it. The majority of the time you will need to follow a tested procedure. This article will provide you with a step by step guide to purchase land for your custom home or as an investment vehicle.
Before you start uncovering the winning strategies and start making offers, you need to define what you want in detail. The clearer and more specific you can be describing the land you want, the better the chances of getting it:
â€¢ If you intend to build your dream home on this lot, my advise is for you is to get the floor plan you want before you start the search. With the floor plan, you will know minimum dimensions of your potential lot. Setbacks and other critical dimensions will be easy to determine.
â€¢ Do you want a large lot which will require more maintenance or a smaller lot with no maintenance?. Define the number of acres needed based on your need.
â€¢ It is also important to consider the view of the lot. If this is the land that you chose, you will enjoy or endure the current view for a long, long time.
â€¢ Do you want a basement? If you do, this is another parameter that you will need to add to your search. A basement is easier to build on a sloped lot.
â€¢ How wide do you need your lot? Do not neglect this step or it will cause you severe heart burn. Most of the building codes will have a minimum width required to build a home.
â€¢ Do you need residential or commercial properties? How many houses can you build on your lot? This is defined by the existing zoning requirement.
â€¢ Do you want to build on an existing subdivision or you might want to buy where there are no restrictions. If you are buying a lot in a subdivision, make sure that the covenants will work for you not against you.
â€¢ Do you have any children of school age? In this case, it will be necessary for you to locate your lot close to good schools.
â€¢ How far are you willing to commute to reach your job?
â€¢ There is an old saying about the three most important factors when buying land: location, location and location. Well, it is true.
You might want to read â€œHow to find profitable investment properties â€ by Jake Borjas. This article gives you some additional tips to help you find property in your area.
To help you define your land requirements, you can download a form from â€¦..
Where do you look for land? â€“ finding the right lot may involve approaching the task from several angles. The following list has worked for me in the past.
Sources of building lots:
â€¢ MLS â€“ Real Estate Agents. Get the real estate agent on your side. They can provide weekly listing of all the lots in your area. Some times, they get deals before they become part of the MLS.
â€¢ Internet search â€“ You might want to search for the following terms: â€œland for saleâ€ or â€œlots for saleâ€ + name of the area where you want to search. For instance, if you want to find land for sale in Raleigh NC, you will want to enter the following terms in your favorite search engine â€œland for saleâ€™ + â€œRaleigh NCâ€ or â€œlots for saleâ€ + Raleigh NC.
â€¢ Newspapers â€“ The Sundayâ€™s classified section of your local newspaper is still a good source of people who want to sell their properties. Make it a habit to check the Sundayâ€™s listings.
â€¢ Search legal plats in county courthouses or local government office.
â€¢ Where only large parcels of land are available, you can buy and subdivide the land. However, before taking this step, make sure that the local zoning will allow it.
â€¢ Some times you can buy lots from a developer who has completed his project and wants to move out.