Buying a new home is a big step to take. Whether you’re flying solo or planning a space for a large family, there is a lot to consider when planning for your dream house. Perhaps you want specific amenities and a unique floor plan or you need the home to be near a public charter school you have your eye on for your kids. You’re searching for a home that can fulfill all your wants and needs, but unfortunately, there just isn’t anything on the market that is perfect for you. This may be a time to consider a home and land package where you literally have the opportunity to build your dream home from the ground up.
House and land packages are two contracts for one job. You buy the land you want to build on and hire a contractor to help build your perfect home at the same time. This is a great option for anyone with specific needs or a specific design in mind. Even though building your dream home from scratch is exciting, there are some elements you’ll want to consider before you completely jump in. Make sure you’re getting a good price for the work that’s being done and plan for a home that will be perfect for now and for the years to come. These are just a few of the key considerations of house and land packages. Below, read more about these and other details to research and understand before you jump into this venture.
Know the Nuances
Because a house and land package involves a few different companies and many personalities, it’s important to understand the nuances of what you’re getting into. Do your independent study, but also ask good questions and communicate with your contractors. Overall, these packages can be great for families on a tight budget, because you know and understand the cost of everything upfront. Just don’t forget to factor in taxes and filing charges. In order to be sure you’re on top of both sides of the contract, make sure to look into the purchasing of the land and the decision of what builders and designers you’d like to work with.
Find Your Inspiration
Building a house can be exciting and you may be full of ideas for your new home already. You may already know how you want to design the master bedroom and how many people you want to seat in your dining room. Even so, it can be important to check out some other homes to find your inspiration. Display homes are available to see what your house could turn out like. Getting to tour a model home will give you ideas for what is possible in your amount of square feet and how to make your space truly livable. Remember, you may have grand ideas, but you want to make sure they work and will be convenient for your lifestyle. Find your inspiration and work with your designers to develop the perfect home for you.
Location is Key
When investing in real estate, the location is a key ingredient to success. You want to invest in a property that is in a good part of town where the value will increase over time. Not only that, but you want a community you can see yourself being a part of. Local schools are a great indicator of this. Research the public schools and charter schools in your area to see what will be the best choice for your child’s next school year. If there is a collaborative charter academy you can send your kids to, check out the charter school’s website and learn about their method of education. Planning for your future involves your future home, but also defines where your children will go to a collaborative school with good educators where they will learn to be well-rounded members of society. Schools differ a lot in different areas of the United States, so be sure you’ve found the right public schools or charter schools for the next school year before you build your new home.
Think Long Term
Your home will not just be a place for the next few months, but for the next several years. Think long term when you’re buying land and building your home. Not just for location and property value, but also for potential changes in your lifetime. If you plan to have kids, you’ll need room for a nursery. Or if you want to one day own a business, you’ll need an office. Consider these factors when building the home of your dreams, not just for now, but for the future as well.