Wife and I are looking to buy an acre of land in a 50% developed neighborhood to build a house. The neighborhood is divided into plots by the developer. We plan on buying the land, paying it down for 6 months or so then building later this year.
I've bought land before but it was in a neighborhood with one builder and you were basically buying it with the house they were building. With this situation, we are able to use any builder we want and are just buying the land.
What I need advice on is what I need to be looking for on this land since we have a few different plots in a row to choose from. They have a survey that was done but I don't know what I'm looking at. I don't know if I'm going to need to build up the land before able to build or what money expenses can come later that aren't expected. These are things I can use to negotiate the cost of the land now with the developer. Any one done this before or have any advice? Thanks
I've bought land before but it was in a neighborhood with one builder and you were basically buying it with the house they were building. With this situation, we are able to use any builder we want and are just buying the land.
What I need advice on is what I need to be looking for on this land since we have a few different plots in a row to choose from. They have a survey that was done but I don't know what I'm looking at. I don't know if I'm going to need to build up the land before able to build or what money expenses can come later that aren't expected. These are things I can use to negotiate the cost of the land now with the developer. Any one done this before or have any advice? Thanks
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