By Jennifer Buckwalter and Charmaine Simmons
Homebuilders get asked about building on land that customers own quite regularly. While we can’t answer for all homebuilders, we can answer how McKee Homes looks at and answers this question.
There are several factors that have to be considered when building on land that is not in a neighborhood that the builder is actively building in. We look at where the land is, if it is suitable for building on, and the time and cost.
Where is the land located?
If the land is in an existing neighborhood we will need to review the neighborhood’s covenants to determine if there are any restrictions on the size and/or style of the home. After understanding the covenants, the lot will have to be measured to make sure that it is big enough for the house to fit on
If the land is more rural, we have to make sure it’s easily accessible for our trade partners and builder to access. If necessary, a road may need to be built. We’ll also need to find out if the city/county will zone the land for a residential home (if it hasn’t been done already). We will also make sure that utilities are available.
Is the land suitable for building on?
Whether in an established neighborhood or in a rural area, a McKee Homes representative will visit the site and review a plat map to make sure there are no wetlands or other issues that may cause potential problems. Potential problems may include lack of useable water, extensive grading work, access issues and septic system suitability (if applicable).
Time and Cost
There is additional time and cost involved with building on your own land. When building on your land we do lose some efficiency because we are only building one home rather than several in a neighborhood. Additional time and expense will have to be allowed for inspections as well. However, some costs benefits you may find to you as well. For example, if you already own the land, provide construction financing, and pay for the utility extension fees this will result in a lower monthly mortgage payment.
So if you want to build a home on your own land, do your research on a builder that can meet your needs. A New Home Specialist at McKee Homes can talk to you about your options with building a McKee home on your land.
For more information please visit our Build On Your Lot webpage.