You’ve decided you want to build instead of buy, now it’s just a question of where. Once you narrow it down to the general area where you’d like to be, it’s time to make an important decision: whether to build in an established community, or my own lot or land. There are pros and cons to either option, so it’s important to think it through and determine which works the best for you and your family. Here are some things to consider.
Reasons to build in a community
- Cost and convenience. Home communities come with infrastructure like streets, sidewalks, and water/sewer hookups already in place. This not only saves you time, it could save you significant money in lot prep.
- Security. Building a home in an established community provides a little piece of mind because you already know what is there and what the neighborhood looks like. Depending on where you live, there could also be some sort of local homeowners group to ensure the area stays neat and clean, in turn protecting your property’s value long-term.
- Location. One of the most important aspects of any home-buying or -building experience, a community’s location may be just perfect for you and your family.
Reasons to build on your own lot or land
- Flexibility. Whether you bought a lot or inherited a piece of land, sometimes your perfect spot to build your dream home is far away from any community. This requires more work in the lot prep phase, but could give you much more freedom to develop the land as you’d like (and as your budget allows). Some neighborhoods place restrictions on home size, height, lawn maintenance and even what type of materials used for fencing or play equipment. Building on your own lot gives you more autonomy to do as you please.
- Location. Maybe there isn’t a community close to where you’d like to live, or maybe you just prefer a little more solitude. New communities, in particular, may be under heavy construction — meaning a lot of noise nearly all the time.
- You already own the land. If you have land in hand that a professional home builder has assessed and deemed worthy of housing a home, then using your own lot is likely the best option — and most cost effective.
Finding the perfect lot or land can be difficult. It doesn’t have to be. If you still have questions, let us help! Contact us here. We can guide you in the right direction if you want a lot that’s not in a community. If you want to build in a community, we have plenty of lots to choose from.