How to Buy Land to Build Your Dream Home

Many people do not want to buy someone else?s house. Building their own on a piece of New Orleans land allows them to design the layout and incorporate all the features that are important to them. It is a lot of work creating home plans, but it is definitely worth the effort. Purchasing land is not difficult. You just need to know what to look for. Hire a local, licensed real estate agent to help you with the search. These professionals know exactly how to find that perfect piece of property for your dream home.

Check Utility Connections

When you already hired a builder, take him along when inspecting land. Ask for his opinion before making a final choice. Will the suggested plans work for the topography? Do you have access to all standard utilities? If there is no access to water or sewer network, you will need a well and septic system. That adds a lot to the cost of your home. Check availability of electric, gas, water, as well as Internet and telephone services.

Easement

In real estate, an easement is the right to use another person?s land for a specific purpose. That can be anything from sharing a driveway to putting up a utility pole. Find out if there is an easement requirement before you make a purchase offer. What good is a piece of land when you cannot get to it? Look at past property deeds to find out more about existing easements. Your real estate agent may be able to help.

Survey Requirements

Some lenders require a survey. Is there one available, or do you need to pay for a new one? It is good to locate boundary lines in case you want to build a fence or to determine where you can place a building. If they are available, provide your surveyor with copies of old surveys of the property, title insurance policy papers, and other significant documents relating to that particular piece of land.

Ideal Location

Know exactly what amenities surround your piece of New Orleans land.? How far are you from shopping, restaurants, schools, medical centers, and the other services you value? Are you missing anything? Determine if it will be available soon.? Developments are slower in the country. Can you live with that? Are the streets paved? Private roads need to be maintained. Who is responsible? The bank may want to know. How far away would you be living from your place of work? A long commute can become a rather unpleasant responsibility after a few years.

Source: http://www.areastudies.org/how-to-buy-land-to-build-your-dream-home/

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