Updated: Feb 24, 2019
If you’re ready to say “goodbye city life” and “Hello” to Green Acres, here’s a few things to consider: land costs, site improvements, and home costs.
For centuries, millions of people have faced persecution, weather, disease & death to come to America in pursuit of a better life, and to own a little part of land. This came to be known as the American Dream. I still believe in the American Dream. I believe the dream still exists within the hearts of people who want to own their own land and build a home for their family.
What does it take to realize this dream today?
While some are searching out master-planned communities with clubhouses, pools & golf courses, many others are seeking the tranquil life of acreage.
This may be a good alternative for some who are tired of homeowners associations or sometimes crowded life of the suburbs. If you’re ready to say “goodbye city life” and “Hello” to Green Acres, here’s a few things to consider: land costs, site improvements, and home costs.
Today, let’s just focus on site Improvements, as this is the one factor many people don’t think about until it’s too late. Because most home sites considered as acreage are undeveloped, you as the land owner must make the site improvements and develop the land preparing it for building.
Examples of site costs are installation of a well or septic system, bringing in fill dirt or tree clearing. It’s very important to determine what those site costs will be before you purchase your little piece of Heaven.
If you don’t own your property yet, make sure that you or your Realtor put in a 60-90 day feasibility period in your offer, especially if you are using bank financing. The bank will need plans and specifications from the builder to obtain an appraisal for your loan, and all those items will take some time.
Finally, you want to work with a custom home builder like Smith Custom Homes, because we can help you determine all your site costs, before you purchase your land avoiding an expensive mistake. One of our team members will come to the property and perform a site analysis to determine what those site improvements will be and home much they will cost.
We do this as part of our “Dream Home Consultation” to help you design your new home, determine site costs, and help your achieve your American Dream.