How to Find the Perfect Spot for a Home Build


| 3/8/2019 12:00:00 AM


Holly WellesThe location of your home is just as important as the home itself. Before you move into the initial stages of your build, you'll need to choose a plot of land which supports your vision. It isn't always quick, and it isn't always easy, but when you find the perfect spot, you'll see the time and effort were well worth it.

So what's involved in the process, both before and after acquiring your plot of land? How do you select the ideal location for your build, and once you have, what comes next? We'll walk you through everything you need to know and more, making the homebuilding process simple and straightforward.

building on a plot of land
Photo by Pexels.

1. Calculate Your Budget

Before you can begin your search, you'll need to calculate your budget. It's the foundation of your future decisions, creating structure so you don't overspend. You have a lot to cover, including the cost of the land, local taxes and fees, design and engineering costs, as well as the construction of the home itself.

Beyond these expenses, it's also smart to have a contingency fund between 10 to 20 percent of your expected costs. Start with a spreadsheet and organize your budget with separate columns for each expense. You can reference this sheet as you continue, updating and modifying it when necessary.



2. Choose Affordable Land

Among your range of options, you have to consider the issue of price. Even if you find an attractive plot which appears perfect for your plans, you don't want to begin your build with debt. You might have to compromise, but in the end, you'll see just how crucial this simple suggestion is to your success later on.





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