Selecting and buying land is one of the most important steps in the purhcase of a prefab home. This is because the type of land you choose can directly influence how builders construct it, as well as other features of the home. Finding the right property for placing the home is an overwhelming task for many buyers. A home buyer must address numerous factors that concern the land, well before they actually purchase it. Below are some helpful tips that may assist you in buying land for building a prefabricated home.
The Lay of The Land
One of the notable aspects in the purchase of a property is to find out whether the land is suitable for building. When looking for this, it is worth considering various features of the land, such as:
- Soil Composition – Knowledge about the nature of the soil and its composition is crucial. This will ensure whether the land is capable of supporting the weight of a home. Some soil types will require a beefed-up foundation or other support methods for effectively placing the home on the land.
- Utilities – While selecting and buying a land, make sure that essential utilities like water, electricity, telephone lines and sewer hookups are available. In addition, check the land to find if you can install the septic system and a well.
- Topography – The topographical aspect of the land requires due consideration before purchase. If the plot is located in steep or hilly areas, you will need to perform careful evaluation to find out whether the home can be built on such terrain. You should also analyze the accessibility to the location.
- Drainage – The location of the land should be inspected thoroughly to discover if it is in a low-lying area or flood plain. This helps determine the drainage patterns required for the home.
Improved and Unimproved Land
The costs involved in the purchase can increase if the property is located in an improved lot of an established community. The cost will be higher than in an unimproved land but offers the advantage of usability. Unimproved lands are cheaper and provide better flexibility in building. Utilities and other access features are absent in unimproved lands and thereby require extra spending to make it suitable for your prefabricated home.
Regulations and Budgeting
Several regulations like restrictive covenants, easements, and building moratoriums need due consideration when buying land for a prefabricated home. In addition to that, a properly laid out budget is necessary for finishing the project successfully. In the process, make sure that the land costs never exceed 25 percent of the overall home budget.