(Written to help you save money, time, and reduce frustration)

Caution Tape

1. What are the neighborhood restrictions? 

Make sure you ask your Big Bear Lake Real Estate Agent if there are CC&R's (Convenants, Conditions, and Restrictions) or a Homeowners Association in the neighborhood.  Some subdivisions in Big Bear will have architectural commitees which set minimum standards on what they would like to see built (square footage requirements, fence styles, mandatory garages, mandatory building pads for where the house must be placed, etc).  So make sure you read through the neighborhood guidelines before you commit to purchase in a particular area.  Not only may you disagree with what the Homeowners Association want, it's important to find out what the fees will be and whether or not you want to pay them every month.     

2. What are the local building restrictions?

I would recommend calling the local building and safety department to find out the zoning and current setback standards for the lot you are interested in (Big Bear Lake Building and Safety 909-866-5831, San Bernardino County Building and Safety 909-866-0170).  Different types of zoning in the Big Bear area include residential, commercial, agricultural, industrial and recreational.  Click here to read more about possible zoning restrictions. 

3. Should I be concerned about access during the Winter?

Most buyers looking for property up in Big Bear are from San Diego, Orange County, Los Angeles or Las Vegas.  Typically they shop for homes in the Summer and forget about all of the snow they will encounter during the Winter.  Having a flat, level driveway will ensure easier access during the winter.  You may also consider having a south-facing driveway which will provide quicker snow melt and less snow shovelling.  Below is a photo which illustrates the difference of sun exposure.  The north side of the street is clear, while the south side of the street is still covered in snow due to the lack of sun exposure. 

Moonridge photo

4. Should I be Concerned about Utility Hook-ups?

Some areas are better equipt with utilities than others.  For instance, did you know that the Department of Water and Power has stopped issuing water connections in the Lake Williams area?  If you own property in the area you might be able to put in a well if the land is large enough, but that right isn't guaranteed.  Other properties in the area might be hooked up to propane as opposed to natural gas, holding tanks and septic systems instead of a public underground water/sewer connections.  Make sure you ask your local real estate agent if all the utilities are at the property and who provides those services.

5. Are there Timeframes of When I Need to Start Construction on a Vacant Lot?

Currently there are no timeframes on when someone must build in any part of Big Bear.  You can purchase a lot as an investment and let is sit undeveloped for decades.  If you submit building plans to Building and Safety, typically your permit is good for 1 year.  If you go beyond a year in the construction of your new Big Bear Mountain Home, you will have to formally submit an extension with the Building Department.  Also, if you apply for a construction loan, normally they will have a 1 year time limit to complete your construction.  Be sure to check with your contractor on these timeframes, but if your land is still undeveloped you can keep it that way as long as you want. 

6. What Costs are normally associated with buying a vacant lot?

You will have escrow, title, and possible lender fees (depending on how you plan on financing your purchase).  Make sure you consult with a Big Bear Lake Real Estate agent so you can get an estimated cost breakdown.  You should also consider speaking with a contractor to determine how much it will cost to build your dream home.  Fees such as utility connections, architectural plans, school fees, and construction costs add up quickly so having a good understanding of what you will be paying is important to stay on budget. 

7. How Do I Know If I Am Getting A Good Deal?

Being able to pull up comparable sales in the area is a good start.  Begin by taking a look at what's recently sold in the area, what's currently on the market and what's currently in escrow.  This will give you a rough idea if the seller is being realistic with his asking price.  Having a real estate agent who knows the area will help in negotiating the fair market value for you.  He/she should be able to inform you how well vacant land sales are in that particular area, and what the overall pulse of the market is. 

If you're considering investing in vacant land please contact me so I can help you find what you want, at the price you want, and help you through the buying process with the least amount of inconveniences.       

 

 
This post has been included in California Information San Bernardino County, CA Information
Post is included in group: Second Homes
Post is included in group: Big Bear Real Estate Group

10 Comments on 7 Things to Consider When Buying Vacant Land in Big Bear, California

MAR
17
2008
305,221 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Hi Mike

I enjoyed reading your post, I have many of the same issues in the White mountains of New Hampshire, with access, utilities, building restrictions and covenants, we also run into issue with shore land protection when we front on a lake or river. Very well thought out blog thanks and good luck in California..Steve

11:23am • #1

Thanks for your quick note, Steve.  Our communities look very similar!  Golf, Skiing, Lakes and Vacation Homes.  Its great to see someone who truly loves and takes advantage of where you live.  We've got a great thing going, don't we? 

12:22pm • #2
APR
14
2008
240,122 Points 21 Featured Posts Outside Blog
Mike: are the banks lending as as readily on land there? In Arizona it has become a "larger cash down" proposition in many areas.
4:54pm • #3
Hi Chuck.  I just recently had a client inquire about a loan that wraps the lot and construction into one...we couldn't find a lender who still does that, so they decided to buy the lot and find separate financing on the construction.  So yes, we've seen some loan packages vanish, but borrowers in my area can still get a loan for vacant land.  Normally they have to put a minimum of 30% down.  It seems like all lenders are asking for more down now that they've defined our areas as declining markets.  
6:03pm • #4
APR
17
2008

Hi Mike,

Do most people around the Big Bear market buy land and build themselves or do they have spec homes for sale and or communities with builders in them? I always loved Big Bear but the areas homes really seemed to change from street to street. Do you have any newer master planed communities there.

Thanks

3:10pm • #5

Hi Jason and Deanna.  Yes, there is a lot of nonconforming areas in Big Bear.  Over the past 10 years though, developers have come in and created new subdivisions with CC&R's and minimum building requirements to clean things up.  It has changed quite a bit lately.  Most developers will subdivide the land, put in the underground utilities, pave the roads, and sell the parcels individually.  Builders, or people who are looking to build a custom home will come in and buy the parcels outright, or with developer financing.  There has only been one tract where the developer had a master planned community...it felt like the city and didn't go over as well so I don't anticipate too many more.  How about Breckenridge?  A friend of mine worked with an architect in your area and was very happy with his work.  The plans were very detail oriented and custom....they were very impressive. 

7:07pm • #6
APR
19
2008

We have a little of everything also. Our first big building boom came in the 70's. Many of the homes from back then have either been updated or not touched at all. Were running out of land funny to say that because I would bet Summit county is quite a bit larger than Big Bear. Most of the newer developments are nearing buildout and the trend in these developments was build a clubhouse & amenities with condos and or townhomes around it then sell the remaining lots to builders or individuals. Most have cc&r's in place for construction type and materials.

Breckenridge its self started as an old mining town with a victorian flare. Some of the older homes are victorian and parts of downtown has tried to keep that feel. It's really qaint. Because of the type and cost of homes here we do have very detailed quality architects. Some of them even become porject managers for the home or project they are involved with so the more detailed the plans the less on-site supervision.

Thanks for the info

5:55pm • #7
I would love to get over there and check things out.  It looks beautiful.  Thanks for the comments and the info. 
6:40pm • #8
APR
21
2008
Great post, Mike. I learn something from you every day.
12:47pm • #9
Yes....but I think people would rather read about Conan the Barbarian instead of something like this :)  Thanks Iz.
1:12pm • #10

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Mike Wochner, Big Bear Lake Real Estate Agent

Big Bear Lake, CA

More about me…

Coldwell Banker, Mountain Gallery Realtors in Big Bear Lake

Address: 42153 Big Bear Blvd, PO Box 6820, Big Bear Lake, CA, 92315

Office Phone: (909) 866-3481 x 225

Cell Phone: (909) 633-2558

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