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Lorie Thompson
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How To Buy A Lot

January 24, 2012 11:50 am

Buying a vacant lot for your dream home to be built on could be a breeze, but it could also end in disaster. Having a Realtor who knows the area and all of its market nuances is critical.

 The value differences in a short distance between locations can be astounding. Views, access, surrounding properties, covenants and restrictions, water source and even elevation are only a few of the many factors that can influence value and future saleability of your home you build.

 If you are going to  build in Rabun County there are certain items that should be checked out on any lot that you seriously consider. Size of the lot after all road and stream set backs are accounted for becomes critical in order to permit a septic system.  Soil classification on areas to be used for septic must be done by a licensed soil scientist and results should be submitted to the County Health Department. The County will make an on-site evaluation and either permit a system based on your home plans or issue a letter stating that the lot will meet current specifications for a system.

 Knowing where your water source will be is essential. If there is a community system or a shared well system in place, it should be evaluated in terms of adequate water supply and storage and safety of the system. Who pays for any maintenance and operations? Is there a water use agreement in place? If you will need an individual well drilled, knowing what neighboring property owners encountered when they installed their well may give some clues as to what to anticipate.

  The style of home that you anticipate building and the size of the footprint should be taken in to account when locating a lot. Similar home styles and values whithin a community will insure that re-sale wil be easier for you in the future. Knowing if the lot will require extensive excavation and foundations can change your overall cost, substantially.

 I have seen people opt for a purchase of a lot that cost less and pass up a similar lot with less work to be done that cost more only to spend more money over all with a much harder lot to live on. Sometimes the best value is not the cheapest property.

 Who maintains the road and at what cost? Is there a Homeowners Association or is this handled by a road agreement. What happens if a tree falls and blocks the road? Who is in charge? Can I maintain the view? Are the trees that may grow up and cover the view on my property? Is there any thing to prevent my neighbor from building a home with a bright shiny metal roof which will then put a prmanent glare in my living room?

 There are many factors to consider when purchasing vacant land. Hire an experienced Realtor to help guide you through the process.

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