Did you ever consider building your own dream home? The first thing that you have to do to achieve this dream is to find the right piece of property. There are some things that you have to take into consideration aside from where it is located, there are different types and styles of MN real estate properties to choose from. In addition to these, it is best that you are aware of such things such as the lots accessibility to power and other important amenities and the natural features that are found in the area.
In the book, "Tips and Traps When Buying a Home", written by Robert Irwin, the author recommends using a checklist when searching for a lot as a first time home buyer. This checklist will help ensure that critical details are not missed when you go about finding the right property. Here are some essential tips on how to choose the right property:
1. Map out nearby cities and towns. If your lot is located in a rural area, find out how far the nearest cities and towns are. This will help you decide if a commute from your future home will be worth it, and what your lifestyle might be like if you have to travel to the city on a regular basis.
2. Review natural features. How many trees are in and around the lot? Do you have access to a lake? How far is it from your new home? Many first time homebuyers overlook these important details when they have found what looks to be like their ideal lot. However, building a house that is very close to a lake or a forest means you may need to deal with wildlife and flooding during certain times of the year.
3. Check the water source. If you build a home in an urban area, you may not have to worry about where you will get your water from. If you decide to build your home in the countryside, you may need to find a private water company or find alternative solutions to be able to get water into your home.
4. Check the soil quality. Determining the quality of the soil on your lot is an important factor when building your new home because you need to work on soil that will accommodate for a solid foundation. You can hire a professional to inspect the soil if you are unsure of what to look for.
5. Find out about building restrictions. Knowing what the building restrictions are in the area that you plan to build a new home will aid you in your planning. It is highly possible that there are restrictions on what you can build, how much you can renovate or remodel, especially if the property is located near a national forest, a wildlife preserve or a major landmark. Being aware of any restrictions will can help you decide what to do and save you from investing in something that you might regret on a later date.
In addition to reviewing the physical features of the lot as a first time homebuyer, you will need to review the title in detail. Make sure that you can get a clear title, and that there are no easements of any kind on the lot. This can make it much easier to go through the home buying process and sign off on your new purchase when you want to.
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