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When
evaluating your choices in building sites, you may want to consider the
following aspects.
- Subdivisions:
- A subdivision lot is usually the most economical to develop. Most
have water, sewer, power, phone, cable TV and gas available at the street.
Many subdivisions have neighborhood covenants. These covenants may regulate
things such as minimum square footage, roof pitch, maximum height of
buildings, exterior color choices etc. Any covenants required by the
neighborhood can be obtained from the Real Estate agency listing the
property. These covenants should be reviewed prior purchasing and choosing
the floor plan of your new home.
- Rural Sites:
- A rural property will most likely require the installation of a septic
system, well, phone lines, power to the site and a satellite system
for TV. In addition, extra site work may be necessary to prepare a road/driveway
access. These types of costs will escalate the total project costs in
comparison to a subdivision site. In most cases, there will be fewer,
if any building covenants.
Regardless
of where you choose to build your new home, the contour of the lot plays
a major role in what type of home is best suited for the lot in regard
to cost and style. For example: If a lot is sloping to the rear, it is
ideal for a walk-out / daylight basement. Basements can often be a less
expensive way to acquire more square footage when needed. However, it
is essential to have a contractor view the sight prior to purchasing to
ensure there is adequate drainage and appropriate slope to make cost effective
use of the slope.
Take
note of the style of homes adjacent to the site you are considering. Be
sure the type of home you're thinking of constructing will blend in with
other nearby homes. To protect your investment (resale value), be sure
the surrounding homes are comparative in value to what you would like
to build. In all cases, we strongly recommend having a builder take a
look at the site before you purchase. A builder will make recommendations
for the best style home for that particular lot, ensure proper contouring
for water drainage (snow melt), point out possible restrictions for building
covenants and lot set backs and "out of the ordinary" costs that may be
associated with that particular lot.
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